Alaska Bonded Title
What is a bonded title in Alaska?
An Alaska bonded title is a vehicle title with a surety bond (called a title bond) attached to it. You’ll need a bonded title if you lack adequate proof of vehicle ownership. This could happen if you never received a title when you bought your car or the title was improperly assigned to you.
By obtaining a bonded title, you guarantee that you’re the proper and sole owner of your vehicle and that you acquired it legally. If someone else is the valid owner, they can make a claim on your title bond.
Get Your Alaska Title Bond:
Quick Takeaways
- An Alaska bonded title is a vehicle title with a surety bond attached to it.
- By obtaining a bonded title, you guarantee you’re the proper owner of your vehicle and that you acquired it legally.
- If your title was lost or stolen, you’ll need a replacement title (not a bonded title).
- Many title bonds only cost $100 for a three-year term.
Who needs a bonded title in Alaska?
If you bought your car without receiving a title with it and have no proof of ownership, you might need to apply for a bonded title. Here are some other situations where a bonded title may be necessary:
- The title you received when you bought your car was improperly assigned.
- You lost your car title before it was transferred to you.
Lost or Stolen Vehicle Titles in Alaska
If your title was lost or stolen, you shouldn’t need a bonded title in Alaska. Instead, you’ll need to obtain a replacement title. The vehicle must be currently titled in the state of Alaska with your name on the original certificate.
How to Get a Bonded Title in Alaska
Follow this process to obtain a bonded title in Alaska.
1. Contact the Alaska DMV.
The Alaska Division of Motor Vehicles (DMV) requires a bonded title for those facing the previously mentioned circumstances. To determine if you are eligible for a bonded title in Alaska, contact your DMV.
2. Get your vehicle appraised to determine the current fair market value.
Be sure to have this done by a licensed dealer, a bank, or an insurance appraiser.
3. Apply for a three-year surety bond.
The bond must be non-cancelable and worth one and a half times the vehicle’s value.
4. Complete an affidavit of ownership.
You’ll find this form attached to the bonded title application form. Your affidavit must be notarized.
5. Complete and sign an application for title and registration form.
Fill out form 812.
6. Complete a certificate of vehicle inspection.
Fill out form 811.
7. Submit your application package to the nearest DMV office.
Be sure to include your application for title and registration, surety bond, affidavit of ownership, certificate of vehicle inspection, fair market value retail form, and applicable taxes and fees.
Frequently Asked Questions
Does your Alaska bonded title expire?
No. Your title bond will be valid for three years. If no one files a claim on your bond during this time, your bond will expire, and you may apply for a standard certificate of title.
How much is an Alaska bonded title?
An Alaska title bond must be one and a half times the vehicle’s appraised value. You must purchase a non-cancelable three-year bond. Title bonds start at $100 for the three-year term.
Get a Title Bond in Alaska
The experts at ZipBonds can help you obtain the bond you need. To connect with one of our team members, please give us a call at 888-435-4191 or email us at support@zipbonds.com. We’ll walk you through the process for title bonds to help you get bonded in a flash.
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.