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Surety bonds provide financial assurance for both the obligee requiring the bond and the principal obtaining the bond. They can increase your credibility and the competitiveness of your bids.
A $15,000 surety bond is most commonly associated with the California Contractor License and costs between $102 to $450 per year. You can get a free quote from Lance Surety based on a variety of factors including credit score and the number of years your business has been in operation.
Follow this step-by-step process to get a bonded title in California. Fill out an application with the California DMV. ... Fill out a Statement of Facts form. ... A DMV representative must inspect your vehicle. ... Get your vehicle appraised. ... Get a title bond from a reputable surety bond provider. ... Submit your bond to your DMV.
The bond must be written by a surety company licensed through the California Department of Insurance. The bond must be in the amount of $25,000. The business name and license number on the bond must correspond exactly with the business name and license number on the CSLB's records.
Most surety bonds can be instantly purchased online at Surety Bonds Direct at the fixed prices shown. Other types of California surety bonds may be priced subject to a business and personal credit review but are typically available for purchase within a few hours after the online quote request is submitted.