The Surety Bond Claim Process For Car Dealers (And How To Avoid It)
A Motor Vehicle Dealer Bond (also known as an Auto Dealer Bond or Car Dealer Bond) is a type of surety bond that protects your customers.
If you fail to fulfill your obligations or follow rules and regulations, someone can make a claim against your bond.
Don’t have a Motor Vehicle Dealer Bond? Get one now.
If you are a licensed car dealer, you’ve probably gone through the process of obtaining a surety bond for your dealership. But what happens if a claim is made against your surety bond?