Certificate of Title

Surety Bond for Salvage Motor Vehicles 25 Years or Older

This surety bond is required by the State of Missouri for individuals seeking certificates of title for salvage motor vehicles that are 25 years or older. The bond serves as a financial guarantee that protects both the state and future vehicle owners from potential financial losses related to title disputes or ownership claims.

Who Needs This Bond Missouri residents who own or are purchasing salvage vehicles that are 25 years or older and need to obtain a certificate of title must secure this bond. This requirement applies to classic cars, antique vehicles, and other older salvage automobiles that may have incomplete or questionable title histories.

Bond Protection and Coverage The bond protects the State of Missouri and future vehicle owners from financial harm that could result from fraudulent title applications, undisclosed liens, or competing ownership claims. If a valid claim arises against the bonded title, the surety company will compensate affected parties up to the bond amount. The bond amount varies based on the vehicle's value and specific circumstances of the title application.

Term and Application Details This bond has a 3-year term and is eligible for instant approval for amounts up to $50,000. Applications exceeding this threshold may require additional documentation including credit reports and financial statements. The bond remains in effect for the full term to provide ongoing protection for the titled vehicle.