Do you have a lost or defective Florida motor vehicle title? Obtaining a Florida title bond for a motor vehicle is simple and inexpensive with us! In accordance with Florida Statute 319.23(7), (7) If an title applicant is unable to provide the Department with a certificate of title that assigns the prior owner’s interest in the motor vehicle, the Department may accept a Florida title bond along with an affidavit which includes verification of the vehicle identification number and an application for title. The bond must be on the state approved form, executed by the applicant and by a person authorized to conduct a surety business in the state,and in an amount equal to two times the value of the vehicle as determined by the department. The Florida title bond must indemnify all prior owners and lienholders and all subsequent purchasers of the vehicle or persons who acquire a security interest in the vehicle against any expense, loss, or damage, including reasonable attorney fees, occurring because of the issuance of the certificate of title for the vehicle or for a defect in or undisclosed security interest in said title. Any injured party has a right to recover on the bond for a breach of the bond’s condition. The aggregate liability of the surety to all persons may not exceed the amount of the Florida vehicle title bond. The bond automatically expires on the third anniversary of the date the bond became effective. Need to know the vehicle value to calculate the appropriate bond amount? The bond form specifically names Kelly Blue Book and NADA as acceptable guides for this purpose. Florida surety leader, Surety One, Inc., offers a very brief, streamlined title bond application, only seven lines long. Regardless of your credit we will offer you terms. For further information visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email us at Underwriting@SuretyOne.com for a Florida title bond application.
