Nevada Motor Vehicle Damage Appraiser Bond

Nevada Motor Vehicle Damage Appraiser Bond

Individuals and business entities that are applying for a motor vehicle damage appraiser license with the Nevada Division of Insurance (DOI) are required to obtain a $2,500 Motor Vehicle Damage Appraiser Bond.

SECURE YOUR BOND

Jet Insurance Company provides the Auto Damage Appraiser Bond in order to hold licensees accountable to follow the regulations of license. The surety bond also protects the public from damages by acting as a financial guarantee when losses are faced due to a license violation.

What Is the Lowest Price for the Nevada Motor Vehicle Damage Appraiser Bond?

At Jet, the Vehicle Damage Appraiser Bond costs just $100 a year or $10 a month. The Nevada Division of Insurance requires renewal of the motor vehicle damage appraiser license every 3-years, so Jet has provided multi-year bond terms with this in mind. Take a look at the chart below for all pricing options.

Bond TermCost
Monthly$10
1 Year$100
2 Years$175
3 Years$250
Nevada Auto Damage Appraiser Bond Cost

Pricing listed for the MV Damage Appraiser Bond above is guaranteed. All you have to do is apply online and you can get your bond today!

The Nevada Motor Vehicle Damage Appraiser License Bond Process With Jet

The Nevada Motor Vehicle Damage Appraiser Bond application takes just a few minutes of your time and can be done fully online. The application will just ask for your contact information, preferred bond term, and method of payment. Once all has been submitted and payment is fulfilled, you’ll instantly receive a copy of your bond form and receipt. It’s as easy as that! 

Jet can file your surety bond for you! However, if you would prefer to file the bond yourself, perhaps with your initial or renewal license application, this option can be selected at checkout. The original, signed and sealed Motor Vehicle Damage Appraiser Bond and any other documents should be sent to the mailing address below:

Nevada Division of Insurance
Consumer Compliance & Licensing
1818 E. College Pkwy., Suite 103
Carson City, NV 89706

Motor vehicle damage appraiser license applications are not available online and must be requested from the Commissioner of Insurance. 

Those who choose Jet’s monthly plan will not have to worry about renewing their bond. The Auto Damage Appraiser Bond will remain in effect as long as payments are made or until cancellation is officially requested. As for bondholders who choose our annual and multi-year plans, Jet will send a renewal invoice far before your bond term expiration date. No extra fees will be charged, all we need is standard payment and you’ll be set for another bond term with the Division of Insurance. 

You can cancel your bond at any time with Jet. We just need a written cancellation request, which you can send directly to us at [email protected]. We will notify the Division of Insurance, and the liability of your bond will be released within 30 days.

Monthly bondholders will be required to make one last payment during the 30-day cancellation period as your bond remains active during that time. Your payments will cease once this last step has been completed. As for those who have purchased the bond in full and cancel early, the Jet team will review your plan for any unused premium. Reimbursement will be sent to you right away if available.

How Does a Licensed Vehicle Damage Appraiser in Nevada Avoid Bond Claims?

Anyone licensed to appraise the damages of motor vehicles insured under a physical automobile damage policy or on behalf of a third-party claimant must abide by all regulations pursuant to Chapter 684B of the Nevada Revised Statutes. An omission to uphold rules listed in the statutes may lead to a loss of license, large fines, civil action, and/or a claim on your surety bond. 

Serious motor vehicle damage appraiser license violations involve the following:

Real-life scenarios of such violations include intentionally appraising auto damages incorrectly, withholding insurance information, or withholding funds from the claimant. 

If a damaged party files an official complaint with the Nevada Division of Insurance, the Commissioner may inflict license penalties onto the individual or business entity. However, the claimant will need to take civil action if they are seeking restitution. In cases where a Nevada State court ruled in the claimant’s favor and the licensee refuses to pay what is due out of their own pocket, the license bond will be tapped to cover losses caused up to the bond’s limit.

Immediately contact Jet if you receive a court-ordered claim notice. We will begin the claim process by asking you to provide us with all information and physical documentation of the accused violation; the Jet team will utilize these tools for our own investigation of the claim.

If the claim is found to be justified, Jet is legally obligated per the Motor Vehicle Damage Appraiser Bond form to make all valid claim payouts up to the $2,500 bond limit. You, the licensee, are ultimately responsible for your actions and must reimburse Jet for the payout made on your behalf. Failure to do so will result in future difficulties obtaining surety bonds throughout the State of Nevada.

Nevada Motor Vehicle Damage Appraiser 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: