What Is A Indiana Mobile Home Dealer Bond?
An Indiana mobile home dealer bond is a type of bond offered by a surety bonding company covering a mobile home dealership. This bond is required before licensing can be completed. This is not the same thing as a liability policy. Indiana law requires that your business be covered by a third party in the event that something goes wrong with your business—namely, accusations of fraud or misrepresentation.
This bond states that your dealership is in complete compliance with Indiana law as well as all technicalities regarding IN taxes and judgments. This bond protects buyers from your company, in essence, while you pay the yearly premium. The pre-bonding process requires you go through a screening process where your ID is verified and other paperwork is finalized. Other than that, approval is fast and very convenient. You can work with Ox Bonding to learn more about this IN surety bond!