Kentucky Dealer | $25,000 Dealer Surety Bond
Also known as: dealer bond
Type of Bond
A Kentucky dealer bond refers to a type of surety bond that is required for individuals or businesses operating as motor vehicle dealers within the state. The purpose of a Kentucky dealer bond is to provide financial protection to the state and consumers by ensuring that the bonded dealer operates in compliance with applicable laws, regulations, and licensing requirements. By obtaining this bond, the dealer assures the state and customers that they will conduct their business ethically and in accordance with the established rules and regulations governing the sale of motor vehicles. This includes accurately representing vehicles, handling title transfers properly, adhering to licensing and reporting requirements, and following consumer protection laws. If the bonded dealer fails to fulfill their obligations, engages in fraudulent activities, or violates any laws or regulations, a claim can be made against the bond. If the claim is valid, the bond provides financial compensation to cover any resulting damages or losses incurred by the state or affected parties. The purpose of the Kentucky dealer bond is to protect the interests of consumers, ensure fair business practices in the motor vehicle industry, and promote transparency and accountability in auto sales. The bond serves as a form of recourse for the state or affected parties to seek compensation in case of non-compliance, negligence, or breaches by the bonded dealer. It contributes to the overall trust and reliability of motor vehicle dealerships in Kentucky.
Program
The price you'll pay for your $25,000 Dealer 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 $25,000 Dealer 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 $25,000 Dealer 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 Dealer Bond Application process.
The Kentucky Dealer Bond amount is currently set at $25,000.
Obligee Information
An obligee is the entity that is requiring you to have the Dealer bond.
Obligee: Kentucky Motor Vehicle Commission
Street: 105 Sea Horse Rd Ste 1
State: Kentucky
Zip: 40601
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!