Highly qualified auto dealers in California now have a rate available that has not been available for years.
Sacramento, CA (PRWEB) August 30, 2013
Surety Solutions Insurance Services, Inc. (surety1.com) can now offer a new market for the $50,000 California Motor Vehicle Dealer Bond with an annual premium as low as $500.00*.
Motor vehicle dealers who qualify for this market can obtain the bond at an all time low price of $500. As most surety bonds are based off of personal credit, one of the primary qualifications for this bond is an excellent credit score, being anywhere from 700 upwards. Other qualifications include owning real-estate assets as well as length of time in the business.
Before the great recession, many markets wrote this bond for $500 a year. However, due to the amount of claims made against these bonds, the surety market as a whole increased the premium for the bond to protect against the risk. As the claims increased, the "preferred rate" climbed as high as $1,500 for excellent credit risks. Highly qualified auto dealers in California now have a rate available that has not been available for years.
Surety1 represents over 18 markets and can still provide a competitive quote for individuals or companies that may not meet all of the qualifications for the 1% rate.
Apply online at http://www.surety1.com and we receive a quote back the same day.
Surety Solutions Insurance Services, Inc. (Surety1) is an independent insurance agency based in Rancho Cordova, California and licensed in all fifty states. Surety1 specializes in the placement of surety bonds and other specialty insurance products. For more information on obtaining a bond, contact Surety Solutions through its website, surety1.com, by calling toll-free, 877-654-2327, or by e-mailing info(at)surety1(dot)com.