Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
Surety Bonds for individuals with poor credit history
Posted: May 5, 2013
Surety bond is financial protection similar to an insurance policy. The difference between a surety bond and an insurance policy is that a claim against a bond must be paid back while one against your insurance does not. This means a bonding company will perform a thorough background check on every applicant. A bad credit rating will force you to pay more for a surety bond. There...
Sales Tax Surety Bond
Posted: February 17, 2013
A Sales Tax surety bond is a bond required by many state governments for any business in that jurisdiction that does retail sales, leases and rents goods, or provides other taxable services. It is not a license to purchase goods sales tax free; rather it is a license to collect and remit sales tax to a state or local government. It is typically required by...
Why Bonded Titles are Needed?
Posted: October 13, 2012
Have you tried to register a vehicle that you purchased without the proper documents. Unable to locate an original title or other important document that is required to complete the registration process. In some cases you financed the vehicle and the auto dealer or auto finance company closed after paying off the vehicle. Often times a bond is needed to allow the transaction to continue...
What are Guardianship Bonds?
Posted: June 16, 2012
A legal guardian is a person who has the legal authority (and the corresponding duty) to care for the personal and property interests of another person, called a ward. Usually, a person has the status of guardian because the ward is incapable of caring for his or her own interests due to infancy, incapacity, or disability. Most countries and states have laws that provide that...
Auto Dealer Bond
Posted: April 9, 2012
Auto dealer bond also known as MVD bond, motor vehicle dealer bond, used car dealer bond is required by the State to obtain a dealership license. Auto dealer bond does not protect the used car dealer from lawsuits, but it protects the consumer from fraud or misrepresentation by the car dealer. Auto Dealer Bond guarantee compliance with state laws, each state sets its own bond amount and expiration date. Motor Vehicle Department charges a...