When do I need a Vehicle Title Bond?
When do I need a Vehicle Title Bond?Vehicle Title Bonds are required when a vehicle title is lost, missing, or stolen. These Bonds are issued for a term of 3 years. In North Carolina, these bonds must be issued for 1.5 times of the vehicles value.
How to Obtain My Vehicle’s Value?
In order to obtain a Vehicle Title Bond, an appraisal of the vehicle is needed. This can be done through the current Value Schedule, which is obtained by visiting a North Carolina DMV License Plate Agency. You can also obtain the vehicle’s value by calling the North Carolina DMV Customer Contact Center at 919-715-7000.
If the vehicle is not listed in the Value Schedule, 2 appraisals from North Carolina Dealers will be required. The dealers must provide these appraisals on their letterhead.
How Much is a Vehicle Title Bond?
For Bonds that are $6,500 and under in value, the cost is usually $100. Bonds over $6,500, pricing will vary. Obtaining a vehicle title bond is quick and easy. Click here to get started.
If you have any questions, please contact a representative at Farris Insurance Advisors. Our Advisors are here to help you throughout the process.
