Bond Amount

Based on the Current Value of the Vessel

Requiring Entity

State of California Department of Motor Vehicles

Underwriting Criteria

Instant Issue No Credit Check

Premium Rate(s)

2.5% of the Current Value of the Vessel*

Who is Required to Secure this Bond

In the event an individual seeks registration and/or ownership certification for a vessel legally purchased, however proper title and or transfer of title has become lost, misplaced or was never provided, a defective title bond will satisfy the requirement set forth by the State of Arizona, California  , or any other state with the Department of Motors Vehicles in completing the registration and/or release of title to an individual who properly completes the paperwork process and files a Defective Title bond with the DMV.

Bond Requirement Specifics

A Defective Title Bond is required by the State of California Department of Motor Vehicles under circumstances where the original title or transfer of ownership has become lost, misplaced or was never properly provided to an individual who legally purchased a vessel and has paid that vessel in full.

Who is protected Under this Bond

The State of California Department of Motor Vehicles, any employees or officers of the DMV, and any and all subsequent purchasers of the vessel under which the bond was provided. The bond is considered an insurance policy which protects any lien holder or rightful owner to the vessel in the event title is released to a party who is not a legal owner to the vessel.

Underwriting Process

DMV Defective Title Bonds are INSTANTLY ISSUED through our web-site without the need of a personal credit check for the owner of the vehicle. As the original DMV Defective Title Bond must be filed with the State of California, Department of Motor Vehicles, the original bond will be mailed to the applicant within 24 hours receiving payment of the bond premium. The applicant will need to have their signature notarized on the bond and forward the original bond to the State of California, Department of Motor Vehicles for filing. Certification of Ownership and proper registration of the vessel should be forthcoming upon filing of the bond with the DMV so long as all requirements set forth by the DMV have been met. The bond will be place in regular mail unless the applicant opts to pay the fee associated with overnight delivery during the application process.

*MVD , DMV, Varies On your State

* Please be advised that the quote you obtain for this bond may include a fee charged and retained by Choice One Insurance & Surety

Lost/Defective Title Bonds for the Department of Motor Vehicles is a very common surety bond. The premium rate is usually 1% of the bond amount, with a minimum $100.00 premium. This is a relatively simple bond to purchase; all we need is a completed application as this usually does not require a credit check. The common reasons for having to get this surety bond are:

1. Paid for vehicle but didn’t receive title and the lender is out of business

2. The original documentation was ruined in a natural disaster

3. The vehicle is older or custom made so there isn’t a title

Prior to applying it’s important to have this information readily available:

1. Year, Make, Model and complete VIN number for the vehicle

2. Name on the bond needs to exactly match the name of the person applying

The bond amount will be given to you by the DMV, be sure to have it when you are filling out the application because certain states are very particular regarding the bond amount. We normally issue the bond after 1 business day from receiving the application!

title bonds can be issued within a few minutes please fill out our online application.