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Platinum Bonds Insurance Agency

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Motor Vehicle Title Defect Surety Bond

Used motor vehicle dealers selling five or more vehicles in a 12-month period. Required when: Application for a used motor vehicle dealer license. Exemptions: New motor vehicle dealers who also hold a used motor vehicle dealer license; used motor vehicle dealers who held a license prior to January 27, 2018, provided t…

Bond amount$25,000
State or jurisdictionOhio
ObligeeOhio Bureau of Motor Vehicles (BMV)

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

Used motor vehicle dealers selling five or more vehicles in a 12-month period. Required when: Application for a used motor vehicle dealer license. Exemptions: New motor vehicle dealers who also hold a used motor vehicle dealer license; used motor vehicle dealers who held a license prior to January 27, 2018, provided t…

Who usually needs it

Used motor vehicle dealers selling five or more vehicles in a 12-month period.

Pricing & timing

What to expect.

Generic pricing

Lost instrument bonds replace lost financial documents such as checks, stock certificates, bonds, or promissory notes. Typical Pricing:. • Smaller amounts: Often a flat fee or minimum premium. • Larger amounts: Commonly around 1–5% of the instrument's face value. • Credit check: May be required depending on the amount. Bond amounts are typically set at 100–200% of the instrument's face value. The issuing institution (bank, corporation, etc.) determines the bond requirements. Processing time varies by instrument type.

Your quote determines the actual premium.

Typical timeframe

General application — typically 1–3 business days

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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“My bond application was processed and received very quickly.”

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“I highly recommend you do business with these folks.”

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23 years

Offering service to clients and agents alike.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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