Motor or Automobile Club Bonds
What is a Motor or Automobile Club Bond?
Automobile Club Bonds are a type of surety bond required of businesses offering club memberships that provide travel and vehicle related products and services in exchange for a membership fee. The bond ensures that the club practices ethical business practices and complies with state regulations and guidelines.
Are Automobile Club Bonds Called Anything Else?
Yes, Automobile Club Bonds sometimes go by different names in different places. Here are some other names you may see used: