IN: What Is A Surety Bond?

Dear Valued Customer,

A Lost Title Bond is used by the DMV when you are trying to register or sell a vehicle, trailer, or any roadworthy vehicle when the title is lost or the ownership information on a vehicle does not match the party claiming ownership.

A Surety Bond is a written agreement between a Surety Company and the Contractor, or Principal that helps protect the project owner, or Obligee, in the event the Contractor fails to successfully perform the contract. If the Contractor fails to perform, the Surety Company assists the Obligee in completing the contract.

This issue of our newsletter is focused on explaining the “ins and outs” of Lost Title and Surety Bonds and how they can protect your customer and your employees.

We appreciate your continued business and look forward to serving you.

Kind regards,

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