Surety Bond aka Dealers Bonds

Surety Bond aka Dealers Bonds


hello Krystal Jackson Vice President and
agent with Barbee Jackson Insurance today we’re going to be talking about
surety bonds for auto dealers also known as auto dealer bonds and motor vehicle
dealer bonds so what is a surety bond it is a
guarantee between in this case the dealership and it will comply with the
industry regulations the surety bond is a contract between three parties you the principal surety will be your
bonding company and the obligee the organization or the state is requiring
you to carry the dealer bond the surety bond or auto dealer bond is going to
protect consumers from fraudulent or wrongful acts that may be committed by
the dealership or its employees in Florida and Alabama the auto dealer
requirement is a $25,000 surety bond
in Georgia is slightly higher at $35,000 for more information about surety bonds
or auto dealer bonds or other types of bonds available for such as recreational
vehicles please give us a call at (850) 389 2001 thank you

About the Author: Michael Flood

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