Illinois Defective Title | $1,500 Defective Title Surety Bond

Also known as: defective title bond

Type of Bond

An Illinois defective title bond, also known as a lost title bond or certificate of title bond, is a type of surety bond required when an individual or entity cannot provide a clear and valid title for a vehicle in the state of Illinois. The bond serves as a financial guarantee that the bonded individual or entity is the rightful owner of the vehicle and that no outstanding liens or claims against the vehicle exist. The primary purpose of the bond is to protect any potential future buyers or other interested parties from financial loss that may result from undisclosed liens, claims, or ownership disputes related to the vehicle. If a valid claim arises due to the bonded party's failure to disclose any such issues, the bond provides financial compensation for the affected parties. To obtain and maintain a defective title bond, the individual or entity must pay a premium, which is a percentage of the total bond amount set by the state. The bond amount is usually based on the vehicle's value or a predetermined minimum amount as required by the state.


Program

The price you'll pay for your $1,500 Defective Title Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $1,500 Defective Title Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $1,500 Defective Title Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Defective Title Bond Application process.

The Illinois Defective Title Bond amount is currently set at  $1,500.

Obligee Information

An obligee is the entity that is requiring you to have the Defective Title bond.

Obligee: State Of Illinois