What is a car title bond?
by 
The Curious Bag
ANSWERS: 1
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All states require some form of surety bond. These can usually be taken care of with insurance payments. Bonds are given through the state government itself.
Self Insuring
In Michigan, for instance, you would need to provide at least twice the amount of your car's worth as a bond. This is to cover any damage done in an accident.
Insurance Company
Many states require you purchase the bond through a bonding agency, usually an insurance company, but some will allow you to buy through them.
Period of Time
Michigan, as well as other states, requires the bond must cover for three years.
Lost Title
If you have a title bond, you can get a replacement in a couple weeks time. All you need to do is reapply at your DMV.
Non-Compliance
If you are pulled over without the title, you can be fined for non-compliance. State laws usually require the bonds to be in your possession.
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