New Hampshire Title Bonds
Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your New Hampshire title bond needs.
**NH Title bonds are exempt in special circumstances. Please review exemptions here.
What Are They?
If you purchased a vehicle in New Hampshire but don’t have a valid title for it, a New Hampshire title bond will allow you to register the vehicle in your name, sell it, donate it, or otherwise transfer ownership. Purchasing a three-year New Hampshire title bond is the prerequisite for getting a bonded title that will allow you to do any of the things you could do with a regular certificate of title.
It’s possible that during the three-year duration of the title bond, someone could come forward and prove an ownership interest that wasn’t discovered during the title search NH DMV performs before issuing a bonded title. When that happens and the rightful owner has incurred a financial loss due to the issuance of a bonded title, the New Hampshire title bond guarantees compensation for that loss.
Who Needs Them?
If you bought a vehicle in New Hampshire and any of the following apply, you will need to buy a New Hampshire title bond and obtain a bonded title:
- You never received a title from the seller, though you may have been given a receipt or bill of sale
- You were given a defective title—one that has been defaced, altered, forged, or in any other way unacceptable to the NH DMV
- You received a title, but it was lost or stolen before you were able to register the vehicle in your name.
Speak with a Surety Bond Professionals agent today to discuss your bonding needs.
How Do They Work?
You’ll first need to find out from your local DMV office if you are eligible to get a bonded title. The DMV will conduct a record search and see if there are any active liens against the vehicle or previous ownership information on file. If there are, a bonded title is not an option at this point. If you are eligible for a bonded title, you’ll need to purchase a title bond for 1.5 times the vehicle’s current appraised value as determined by DMV.
During the three years that the title bond is in force, a lienholder or previous owner who can prove that you should not have been issued a bonded title can file a claim against the bond. If the claim is valid, and the surety company is unable to negotiate a settlement, you are obligated to pay the claim in full.
The surety bond company will pay the claim initially and then collect reimbursement from you. That’s because a surety bond functions like a line of credit extended by the surety company. Payment of a claim draws down that line of credit, and you are obligated to repay that amount under the terms of the legally binding surety bond agreement.
Unless a claim is filed against your New Hampshire title bond within the three-year period, you’ll be issued a standard title when the bond expires.
What Do They Cost?
For vehicles appraised at $5,000 or less, the premium for a New Hampshire title bond is a flat amount, usually $100. For vehicles appraised between $5,000 and $25,000, the premium goes up by a certain amount, typically $15 for every additional $1,000 of coverage.
If the vehicle is appraised at more than $25,000, your application will go through an underwriting process and your premium rate will be based largely on your personal credit score. The higher premium reflects the greater risk the surety company is taking in establishing a higher line of credit to cover a more expensive vehicle. With good credit, your premium rate could be as low as 1% of the required bond amount.
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You can count on our surety bond professionals to get you the New Hampshire title bond you need at a competitive rate.