Vermont Motor Vehicle/Vessel Title Bond
Required by Vermont DMV when original title is lost, damaged, or unavailable to establish legal ownership of a motor vehicle or vessel.
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About This Bond
What this bond covers.
A Motor Vehicle/Vessel Title Bond is required by the Vermont Department of Motor Vehicles when an individual needs to obtain a certificate of title but cannot provide the original title document. This situation commonly occurs when the original title has been lost, stolen, damaged, or was never properly transferred from a previous owner.
Vehicle and vessel owners in Vermont must obtain this bond when applying for a duplicate or replacement title through the DMV. The bond amount is typically set at 1.5 times the current market value of the vehicle or vessel as determined by the state.
The bond protects the State of Vermont and any prior owners or lienholders who may have a legitimate claim to the vehicle or vessel. If someone later proves they have a valid ownership interest in the titled property, they can make a claim against the bond for damages up to the bond amount.
This bond remains in effect for 3 years from the date of issuance. The bond amount varies based on the value of the vehicle or vessel being titled, and coverage automatically expires after the 3-year term without requiring renewal.
How to Get Your Vermont Motor Vehicle/Vessel Title Bond
1. Share the basics
A few quick questions. No paperwork.
2. See your options
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3. Get covered
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FAQ
The cost of a Vermont Motor Vehicle/Vessel Title Bond is typically a percentage of the total bond amount. Your exact rate depends on the bond amount, your credit, and professional experience, and is confirmed after a quick application.
Most standard bonds are issued the same day - many within minutes of completing the application. Bonds that require underwriting review may take 1-3 business days.
Requirements vary by state and obligee, but most applicants need to complete a short application. Some bonds require a credit check, while others are issued regardless of credit. Business financials or professional experience may be considered for larger bond amounts.
Yes. Many bonds are available regardless of credit history. For bonds that require underwriting, applicants with lower credit scores can still qualify - the premium rate may be higher. We work with multiple carriers to find you the best available rate.
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TurboBonds.com is operated by Shield Liability Insurance Agency, a California and Texas licensed insurance agency (CA License #6018195, TX License #3446536). Shield Liability Insurance Agency is not an insurance carrier and does not underwrite bonds or insurance policies. Bond and coverage availability, pricing, and issuance are subject to carrier underwriting approval, eligibility, applicable state requirements, and policy or bond terms. Availability varies by state.
