What is a bonded title in Idaho?
An Idaho bonded title allows vehicle owners who never received a title to register, insure, and sell their cars legally. In a nutshell, it will enable you to claim legal ownership of your vehicle even though you don’t have a legitimate certificate of title.
A bonded title has a surety bond attached (called a title bond). The bond protects anyone who may be the valid owner, future owners, lienholders, and the Idaho Transportation Department. If any party suffers financially because you’re not truly the legal owner, they can file a claim on your bond.
Suppose the valid owner (or another party that has suffered loss) comes forward before your surety bond expires and files a claim. In that case, your surety will investigate to determine the claim’s validity. If it’s valid, your surety will settle the claim for you. You must then repay them in full.
Get Your Idaho Title Bond:
- An Idaho bonded title allows vehicle owners who never received a title to register, insure, and sell their cars legally.
- A conditional title is issued for vehicles ten years old or older. If your car is less than ten years old, proceed with applying for a bonded title.
- Idaho title bonds are quickly issued, typically cost around $100, and have a 3-year bond period.
What is a conditional title in Idaho?
A conditional title is issued for vehicles ten years old or older. You can obtain this type of title in Idaho if you don’t have sufficient ownership documentation (to satisfy standard titling requirements). Follow the process presented in the Conditional Titles Fact Sheet.
If your vehicle is less than ten years old, proceed with applying for a bonded title.
How to Get a Bonded Title in Idaho
If you don’t have the proper documentation to obtain a regular car title in Idaho, follow this process to get a bonded title instead.
1. Confirm with the Idaho Transportation Department (ITD) that you need a bond.
To ensure you’re eligible for a bonded title, contact the ITD before beginning the application process.
2. Order a Motor Vehicle Record Report.
You’ll receive the most updated title record information available for your vehicle. With it, you can contact any lienholders or the rightful owner (by certified mail) and tell them you want to title your vehicle in Idaho. If you receive any return mail or receipts, keep them to send to the ITD with your application.
3. Obtain a VIN inspection and vehicle appraisal.
A licensed Idaho vehicle dealer should fill out form ITD 3404 Vehicle Appraisal and VIN Inspection for you. The completed form will list your appraised retail value that you can use to obtain your surety bond.
4. Get a title surety bond.
Contact ZipBonds to get a surety bond for 1.5 times your vehicle’s appraised value.
5. Complete an Indemnifying Affidavit form.
Fill out Form ITD 3410: Indemnifying Affidavit. You’ll share why you don’t have a title, how and when you purchased or acquired your car and seller details.
6. Apply for a bonded title at a county DMV in Idaho.
Here’s a summary of the documents you’ll need to apply for and successfully obtain your bonded title:
- Printed Motor Vehicle Record
- Completed Vehicle Appraisal and VIN Inspection
- Completed Indemnifying Agreement
- Printed and signed surety bond
- Certified mail receipts and a copy of each mailing you sent or received
- Proof of ownership (like an invoice or bill of sale)
You will also need to pay sales/use tax and a title fee. Once your application is approved, you will receive an Idaho bonded title for your vehicle, valid for three years. Once it expires, you can get a standard certificate of title.
You would need a bonded title if you purchased your vehicle without a title. You may also need one if your title was improperly assigned to you, your title is damaged or defective, or you lost your title before registering it in your name.
Idaho title bonds are quickly issued, typically cost around $100, and have a 3-year bond period. After the bond expires, there is no requirement for the bond. You’ll be eligible for a standard certificate of title.
Get an Idaho Bonded Title
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 firstname.lastname@example.org. We’ll walk you through the process for title bonds to help you get bonded in a flash.
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.