We are a surety only agency that thrives on creating an unbeatable client experience! Our industry leading bond volume allows us to create programs that can be tailored to each individual client, getting them their bond faster at the cheapest cost! Below are a few reasons our clients love to work with us:
A title agency bond, also referred to as a title agent bond, is a type of surety bond that is required of title insurance agencies. All surety bonds, including title agency bonds, are a type of guarantee. This guarantee ensures that the title agency or title agent will perform their job honestly, following all guidelines and regulations according to local or state municipalities. Title agencies perform title searches, handle legal documents, and provide title insurance, and the title agency bond protects clients from any mishappenings on behalf of the title agency or agent.
The cost of a title agency bond will ranch depending on the state you are trying to obtain the bond in. While some states only require a $35,000 bond, other states can require a $200,000 bond. As the principal applying for a title agency bond, you will be responsible for paying the premium of the total bond cost. A bond premium typically runs 1-5% of the total bond amount. Your bond premium will depend on your personal credit history, financial statements, and past bond history. Bonding Solutions provides the most competitive bond rates on the market and we are licensed in all 50 states which means we have the ability to help you obtain the title agency bond necessary to continue doing business.
Just like all other bond types, title agency bonds are an added protection for the client. Oftentimes, title agencies are required to obtain a title agency bond in order to legally run their business. Because title agencies handle sensitive documents and provide insurance to clients, it is important that they operate and follow all legal guidelines and requirements. The surety bond guarantees this ethical performance of work and if the title agency fails to follow specific regulations, the client can make a claim against the title agency bond for compensation of damages.
Applying for a title agency bond is easy when you are working with Bonding Solutions. We work hard to provide competitive rates to all of our clients. Our online application only takes a few minutes but if you need more information or have further questions before filling out the application, our team members are always ready to help. We provide high-quality bonding solutions for clients nationwide and look forward to helping you obtain the title agency bond necessary to continue growing your business.
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