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Colorado Certificate of Title Bonds allow a vehicle owner to claim ownership and register the vehicle with the state when a title has been lost, stolen or is missing. This type of surety bond protects against items such as undisclosed security interests or cases where a duplicate title has been issued.
If you do not have a title to provide proof of ownership for a vehicle, boat, trailer, or camper, you may need a certificate of title bond. A title bond guarantees the vehicle is yours to the DMV and will pay the value of the vehicle should there be an owner with the proper title. Title bond requirements vary by state.
Colorado certificate of title bond costs start at $100. The exact cost will vary depending on the surety bond amount required by the Colorado Department of Revenue. Bond amounts up to $6,000 cost $100. Bond amounts from $6,001 to $25,000 cost $10 per $1,000 of coverage, starting at $100.
What Are Surety Bonds. A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).
Surety bonds are used in a range of professions and industries in order to guarantee compliance, performance or payment of a specific role. Surety bonds are widely used in the state of South Carolina to protect the state and the public from unscrupulous or illegal business practices.
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At a Glance: Lowest Cost: $100 per year. Bond Amount: Twice the vehicles value. Who Needs it: Vehicle title applicants in Colorado who do not have adequate proof of ownership.
To obtain a title agency bond, apply online through our application tool. Your application will be processed, and we will contact you within a short amount of time with a quote on your bond. Call us at (877)-514-5146 anytime if you have any questions about your bond.
While many states require vehicle owners to purchase a surety bond as part of the titling process, some dont, such as South Carolina.

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