Claims

[Mother Bond]

I just started an auto dealership and had to get a bond. I'm new to the business and just want to make sure I understand how these things work. What are some examples of how a claim arises?

[Surety Queen]

Originally Posted by Mother Bond

I just started an auto dealership and had to get a bond. I'm new to the business and just want to make sure I understand how these things work. What are some examples of how a claim arises?

When you understand that the purpose of this bond is to protect your customers, a claim could arise when you do something that goes against the rules and regulations of the state in which you are bonded. Examples could be that you sell a car without a clean title or you adjust the odometer to show lower mileage.