1717 Norman Dr., Dallas, TX 75211, US
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Title Bonds
As an insurance agency, we want to provide you with important information regarding title bonds (also known as lost title bonds or certificate of title surety bonds).
A title bond is a three-party financial guarantee that allows you to establish legal ownership of a vehicle or property when the original title is lost, stolen, or missing proper documentation. It protects the state and any rightful owners in the event of an ownership dispute.
Here is how a title bond works:
- Financial Protection: The bond pays out the value of the vehicle if a past or true owner proves the property belongs to them.
- Bond Amount: The bond amount is usually set by the state at 1.5 to 2 times the total value of the vehicle.
- Time Limit: Most bonds remain active for a set period—frequently three years—after which you can typically apply for a clean, standard title if no claims are made.
You might need a title bond if:
- You bought a vehicle via a bill of sale but never received the official title from the seller.
- You inherited a car, boat, or trailer without official paperwork.
- The original title was destroyed, heavily damaged, or filled out with major errors.
Please let us know if you have any questions or if you would like to move forward with obtaining a bond.