What are Florida Mobile Home Bonds?
Learn about the importance of this surety bond for your business!
There are three types of mobile home bonds, namely:
- Mobile Home Dealer Bond
- Mobile Home Manufacturer Bond
- Mobile Home Installer Bond
Each mobile home dealer, manufacturer, or installer is required to secure a license before doing business in the State of Florida. An important requirement for the said license is a surety bond.
The purpose of the surety bond is to strengthen the commitment of the mobile home dealer, mobile home manufacturer, and mobile home installer in providing excellent service to their clients by strictly complying with the relevant laws of the state.
If the licensee’s customer suffers any damages due to the licensee’s misconduct, the Obligee of the surety bond will be eligible to recover the amount lost by filing a claim against the surety bond. The financial compensation that can be retrieved will be up to the surety bond’s penal sum.
What are the Mobile Home Bonds’ amounts?
Mobile Home Dealer Bond
$25,000 – a single mobile home dealer who has 4 or fewer supplemental licenses
$50,000 – a single mobile home dealer who has more than 4 supplemental licenses
Mobile Home Manufacturer Bond – $50,000
Mobile Home Installer Bond – $5,000
If you have an excellent credit score, you will be eligible to pay for a low bond premium!
Check out what you need to pay by getting your FREE SURETY BOND QUOTE HERE!
How can I get Mobile Home Bonds?
You can easily get this surety bond from us! We will guide you through the entire process. We’ll make sure that you will understand what you are getting into.
Here’s how to do get bonded:
- You have to send an application to us. If you are ready to do that now, you may APPLY HERE!
- After we have received your application, we will ask you to submit the necessary information needed for the underwriting process. These are the following:
- Your financial capability
- Your business or job performance history
- Your credit score
An expert underwriter will carefully evaluate all three to attain the best credit decision possible. To avoid any delay, the information that you should submit should be organized and concise.
- Your surety bond will be issued and sent to you!
What are the surety bond conditions?
- The bond should be issued by a surety that is permitted to conduct business in the State of Florida
- The Obligee of the surety bond should be the Director of the Division of Motorist Services of the State of Florida
- The licensed mobile home dealer, mobile home manufacturer, or mobile home installer is obligated to obey the provisions of Title XXIII, Chapter 320 of the Florida Statutes, as well as the rules and regulations of the Department of Highway Safety and Motor Vehicles of the State of Florida
- If the licensee commits a violation, the aggrieved party will be eligible for a bond claim