Household goods carrier bond cost
The Virginia Department of Motor Vehicles requires household goods carriers to post $50,000 surety bonds as a licensing requirement.These bonds remain in effect for 5 years from the date of issuance, so the premium rate you’ll pay is based on a multi-year term. The best way to find out exactly how much you’ll pay for your Virginia surety bond is to request your free surety bond quote now!
Why this bond
Virginia household goods carrier bonds are put in place to ensure that principals (household goods carriers) comply with the provisions of Chapter 21 of Title 46.2 of the Code of Virginia.
If the principal fails to conduct business ethically and in accordance with the law, the bond protects any person who suffers loss as a result of the principal’s actions up the full bond amount of $50,000.Ready to purchase your Virginia surety bond quickly and easily? Contact our team of surety experts and they will assist you with all of your bonding questions and needs.
Household goods carrier bonds in Virginia remain in full force and effect as long as the principal remains in compliance with the terms of the surety bond agreement. These bonds do not automatically expire with the carrier’s license, but instead continue from certificate term to certificate term for a period of 5 consecutive years.The surety can cancel this bond by giving written notice of cancellation to the commissioner at least 60 days prior to the effective termination date.
Become a household goods carrier
To become registered as a household goods carrier in Virginia, applicants must do the following:
- register the vehicle as for-hire
- pay the $50 filing fee
- pay the $10 operating authority registration fee per vehicle
- pay $3 for a duplicate certificate
- post a $50,000 surety bond
- meet the bodily injury and property damage insurance policy requirements
- and more
Take the first step toward becoming licensed in Virginia by purchasing your surety bond quickly and easily!
Apply for your surety bond
Get a FREE Virginia Household Goods Carrier Bond Quote Today! Click here to begin