• What does an auto dealer bond cover?

    The bond provides protection to your customers in a range of situations. The most common cases when the bond coverage can be activated include: Breach of warranties Fraudulent financing schemes Title transference issues Misleading information about sold vehicles Interference with odometer readings Non-payment of sales [...]

  • How do I get an auto dealer bond?

    Here’s how to obtain your dealer bond in a few easy steps: Complete our 5-minute application process online Receive a quick quote from YCDB in less than eight business hours Buy your bond with no hassle

  • What happens if I have bad credit?

    Bad credit can be a serious hamper to getting bonded. The reason is that your credit score is one of the main factors in the bond cost formation. At our family-run surety agency, we know that it’s difficult to run a dealership when you’re [...]

  • What do I need to keep in mind when getting an auto dealer license?

    The licensing process for dealers across the country varies because it’s set by different licensing authorities on the state or local level. You’ll typically have to provide a set of documents, including: Business entity registration documents Training or examination proof Tax and/or IRS registration [...]

  • Will turning in a claim automatically increase my insurance?

    This is not an easy answer.  Different insurance companies will have different formulas on determining your insurance premium; one of which can be claim frequency and severity.  It is our recommendation to discuss your specific claim with our claims manager to see if turning [...]

  • What is an adjuster?

    An adjuster is a representative of the insurance company that helps settle a claim.  They are not employed by us.  We do not settle claims as this is done by the adjuster.  However, we will assist in making sure a covered claim is paid [...]

  • Do I need to have auto insurance if my vehicle is paid off?

    Yes, it is the State law for all owners of a vehicle to have auto insurance.  It is your choice if you wish to insure for physical damage if there is not a lender involved.

  • What is broad form collision and can I choose something different?

    Broad form collision allows you to not have to pay your deductible if you are not deemed at fault in an accident.  There are also options to choose “regular” and “limited”.  These options should be discussed with your agent.

  • Should I make my payments to your agency or the insurance company?

    All payments should be directed to the insurance company unless specifically stated by your representative.  Please see our “billing” section if you wish to pay by phone or have a question on your billing account.