Vehicle title bonds are also known as certificate of title bonds, lost title bonds, or defective title bonds, but they all serve the same purpose. This surety bond guarantees damages in case an individual claims ownership of a vehicle with a previously missing title.

The State of Michigan requires owners of motor vehicles, watercraft or snowmobiles without titles for their vehicles to post vehicle uniform surety bonds to be submitted with their title or registration applications. The bond amount must be equal to 2 times the value of the vehicle. A bond is not required for a vehicle that 10 or more years old, and has a value of $2,500 or less. Any watercraft or snowmobile valued at $2,500 or less also does not require bond coverage. These bonds remain in effect for 3 years from the date of issuance.

Michigan requires owners of manufactured homes that have no established record of ownership to file surety bonds equal to 2 times the value of the manufactured home. These bonds are issued for 5 years from the date of issuance.

To find out how much you’ll pay for your bond, connect with one of our specialists by calling, completing the application, or sending an email.