What is an Alaska Certificate of Title Bond?
The Alaska Certificate of Title Bond is a guaranteed affirmation that a vehicle owner is the state’s true owner of the vehicle in his/her possession, that there are no imperfections or defects in the vehicle, or that there are any unidentified or concealed security interests on the title of the vehicle.
Likewise, this is also a surefire undertaking that whoever is the previous owner of the vehicle or the next buyer of the said vehicle will be safeguarded from financial losses triggered by the issuance of such certificate of title.
This type of surety bond is strictly required by the Alaska Division of Motor Vehicles from anyone who does not have sufficient evidence of ownership of a vehicle.
Why do you need an Alaska Certificate of Title Bond?
You need the Alaska Certificate of Title Bond because you want to be viewed as a responsible and reliable vehicle owner who knows how to look after the welfare of former vehicle owners and future vehicle buyers. You also need this bond to demonstrate your willingness to abide by vehicle ownership-related rules and policies mandated by the State of Alaska.
What is the cost of an Alaska Certificate of Title Bond?
The Alaska Certificate of Title Bond must be posted in an amount equivalent to precisely 1.5 times the assessed value of the vehicle. Bond premium payments will be determined by the applicant’s credit score and financial history. Likewise, your profile including your reputation as a member of the community will be strong factors in the decision of how much the premium will be for this bond.
How do I get an Alaska Certificate of Title Bond?
Getting the Alaska Certificate of Title Bond is simple. Choose a genuine surety professional that is authorized to operate within the state of Alaska and immediately give them a call! An expert surety professional can readily provide you the answers you need and the solution to whatever concerns you have in the operation of your business.