A surety bond is a three-party guarantee put in place to protect the party requesting the bond.
The surety market (carrier) provides a financial guarantee to the obligee (i.e. government) that the principal (business owner) will fulfill their obligations.
One of our specialties is that we offer discounts on Wholesale and Retail Car Dealer Bonds. Cal-Surety / Your Car Dealer Bond LLC, are glad to provide the best bond service to you at a deep discount!
Just to name a few: Used Car Dealer Bonds (includes Wholesalers, Retail Dealers, and Auto Broker), Motorcycle Dealer Bonds, Used RV Dealers, Used Truck Dealers, Car Wash Bonds, Vehicle Registration Service Bonds, Defective Title Bonds, Freight Broker Bonds, California Immigration Consultant Bonds, Artisan Contractor Bonds, and plenty of others.
Surety bond premiums vary due to a variety of reasons but let me lay out the most common here for you. The Credit Score of the owner/member/CEO, etc is probably the most important, regardless of what type of surety bond you need.
Real Estate ownership is usually next on the list but if you have negative equity in the property, it may not work to reduce your bond premium. All that said, the rates typically range between 1% - 9% of the surety bond limit.
Although Transunion and Nexus Lexis have extremely thorough credit reports, most surety bond markets are using Experian reports to establish their rating.
The Equifax credit report was never really utilized by carriers but now since their data breach a few years ago, none of the carriers that we write bonds for use their service in any capacity.
Cal-Surety bond services of California is top rated and we provide best customer care and fast bond application process to clients to make their experience with Cal-Surety.com smooth and perfect.
You can get a FREE quote related to our surety bond services right now from (866) 357-4405
As a company, Cal-Surety has made an effort to stay in our specific niches where we believe that we can provide value. Cal-Surety can help you place your California Used Car Dealer Insurance (aka Garage Liability).
Dealer Insurance policies are becoming more expensive and knowing that you are getting maximum value is important! We are here to help in any way possible.
The short answer is that as of November of 2018, the California Department of Motor Vehicles does not currently require insurance from their licensed used car dealers. On the surface, many dealers like this because it allows them to operate with a reduced expense load.
On the other hand, they tend to change their tune when they are hit by an uninsured motorist or have a claim with an uninsured car dealer.
The YCDB Media Services Team can help today! Our experts can create and implement effective marketing strategies specifically for your business. ing strategic marketing opportunities, your business will be sure to succeed.
We created a free series that can be found by Googling the term: 2018 YCDB Quicktips Series and you will see a library of great information to help train you and your staff to increase sales while reducing your overhead!
Paul Galvez from Southern California said that YCDB made this bond process quick and easy. Very professional and got me the best deal!”
Cal-Surety Insurance Services and Your Car Dealer Bond are one surety agent.
In response to our customers' needs to expand beyond the California used car dealer industry, the Mike Ramos and Philip Ngo (founders at YCDB) formed Cal-Surety Bonds and Insurance Services.
“Cal-Surety” communicates a more generalized name that empowers us to offer a diverse range of surety bonds for business owners requesting bonds unrelated to the auto industry. One of our really big hitters right now are the $100,000 California Immigration Consultant Bonds! Our payment plans and low premiums are really helpful when all small business owners are just trying to save a buck!
TO INFINITY AND THE BOND!