Florida Lost Title Bond

Florida Lost Title Bond

The Florida Department of Highway Safety and Motor Vehicles allows individuals who own a used motor vehicle or trailer but have insufficient proof (or no proof) of ownership to apply for a Title Surety Bond for a Motor Vehicle, otherwise referred to as a Lost Title Bond or Certificate of Title.

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Jet Insurance Company provides the Lost Title Bond to act as a financial assurance to the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) that the Department will not be held liable for any lost or stolen motor vehicles or trailers that have received an alternative title or certificate of title. If the true owner of the vehicle comes forward, the surety bond may be used as a means of restitution to cover the financial loss of their personal property.

What Is the Bond Amount and Cost of a Florida Lost Title Bond?

According to the Florida Department of Highway Safety and Motor Vehicles, the limit for the Lost Title Bond must be in a sum equal to twice the value of the vehicle that has been established by a current Kelly Blue Book Valuation Guide.

At Jet, prices for the Lost Title Bond are a small percentage of the custom bond limit and are based on the personal credit score of the vehicle owner. For instance, if you are seeking an $8,000 bond, rates start at a one-time payment of $150 for the required three-year term. 

For additional bond limits at Jet’s preferred tier rates, take a look at the price chart below.

Bond LimitCost
$10,000$150
$15,000$225
$20,000$300
Florida Lost Title Bond Cost

Applications with higher bond limits ($15,000 or higher) may require a review by a Jet underwriter. If this is the case, we’ll give you a quick call to acquire additional information.

So Why Is the Florida Lost Title Bond Required?

To put it simply, the Lost Title Bond is required by the Florida Department of Highway Safety and Motor Vehicles to ensure they will not be held financially liable for giving out a certificate of title for used motor vehicles or trailers that are later on found to be lost or stolen. If this scenario ever occurs, the surety bond will cover the financial losses the original owner has incurred if they are unable to retrieve their property back. 

The Department does its best to make sure this kind of thing doesn’t happen through their vetting system of the vehicle’s title, but just in case a previous owner does come forward, they will have the financial backing of the surety bond.

How to Apply for the Florida Certificate of Title Bond With Jet

Jet’s application for the Lost Title Bond can be completed fully online. To begin, some general information will be needed such as your contact details, the make and model of the vehicle, the bond limit required, and your social security number for a soft credit check. Once your application has been submitted, Jet will run the credit check (this process won’t affect your score), and either (1) you’ll receive an approved rate immediately or (2) you’ll get an email with the approved rate once Jet does their quick underwriting; number two is reserved for bond limits over $15,000. Once payment is fulfilled, you will receive a copy of your receipt and bond form right away.

How Does the Lost Title Bond Get Filed to the FLHSMV?

Once you have purchased your surety bond with Jet, our team will appropriately sign and seal the form and send it your way. It will then be up to you to sign the original Lost Title Bond form and submit it to your county’s Department of Highway Safety and Motor Vehicles along with your completed Vehicle Identification Number and Odometer Verification paperwork. 

If you are unsure which location is closest to your home address, the mailing address and contact information for each Florida Department can be found on the FLHSMV’s Locations webpage.

When Does the Florida Alternative Title Bond Obligation End?

According to the Florida Department of Highway Safety and Motor Vehicles, your Lost Title Bond must remain active for three years following its effective date. The FLHSMV will release the liability of your bond once this required period has officially expired, and then you will receive an original title for your motor vehicle or trailer.

Unfortunately, this does mean you won’t be able to cancel your Lost Title Bond with Jet. However, if you have any questions or concerns regarding your bond, you can contact the Jet team at 855-296-2663 or [email protected] and we’ll help you out right away!

Lost Title Bond Claims Information

Bond Claim Process

See what causes a claim and what happens after a claim is made.

Florida Lost Title Bond Form Example

Florida Lost Title Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: