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Household Goods Carrier Bond

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  • Top pricing all over the U.S.
  • Bad credit? Not a problem!

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What Is a Household Goods Carrier Bond?

Intrastate motor carriers and brokers in some states are required to post a household goods carrier bond prior to transporting such goods within their territories. It is a type of license bond that guarantees your legal compliance.

In case you transgress from your obligations as a carrier under the law, the household goods carrier bond can be used to provide a compensation to harmed parties. They can seek a reimbursement up to the penal sum of your bond.

Just like other surety bonds, this bond functions like a contract between three entities. Your transportation business is the principal. The obligee is the state body that imposes the requirement. The surety is the bond provider.

Questions about Household Goods Carrier Bond

In which states do I need to post a surety bond to get a household goods carrier license?

Virginia

Carriers who want to transport household goods on the territory of Virginia need to provide a $50,000 surety bond. You should use the official bond form to submit it to the state Department of Motor Vehicles.

Pennsylvania

In Pennsylvania, brokers of household goods have to post a $10,000 surety bond. It should be presented to the state Public Utility Commission.

Louisiana

Louisiana motor carriers of household goods are required to obtain a $5,000 surety bond in order to operate in the state. It should be filed with the state Public Utility Commission.

What are the costs of getting bonded?

The bond amount that you have to obtain is set by the licensing authorities in your state. However, you don’t have to cover the whole amount to obtain the bond. Instead, you only need to pay a small percentage of it. This is called the bond premium. The usual rates are between 1% and 5% of the required amount if your finances are stable.

What are the most essential factors that impact your surety bond cost? Your surety needs to look at your personal credit score, business financials, and any assets and liquidity that you include in your application. On the basis of this assessment, it can judge how risky it is to provide you with a surety bond. The more solid your finances are, the smaller your bond premium is likely to be.

Surety Bond Cost Based on Credit Score
Surety bond name Surety bond amount Above 700 Between 650-699 Between 600-649 Below 599
Virginia Household Goods Carrier Bond $50,000 $375-$750 $500-$1,250 $1,250-$2,500 $2,500-$5,000
Pennsylvania Household Goods Carrier Bond $10,000 $100-$150 $100-$250 $250-$500 $500-$1,000
Louisiana Household Goods Carrier Bond $5,000 $100 $100-$125 $125-$250 $250-$500

Is it possible to get this bond with bad credit?

Yes, you can obtain the household goods carrier bond that you need with us even with finances that are far from perfect. Lance Surety Bonds has created its Bad Credit Surety Bonds program for applicants with low credit scores, tax liens, bankruptcies, and civil judgements.

The typical bond rates for this program are between 5% and 10%. This is needed to compensate for the higher bonding risk. As we work with a number of A-rated, T-listed surety companies, we have the possibility to offer you a top bond price that matches your circumstances.

What is the procedure for obtaining a household goods carrier bond?

Interested in learning more details about the bonding process? You can find all the information that you might need in our extensive How to Get Bonded page.

Need assistance? Our bonding experts are here to help. Just contact us at (877) 514-5146.

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About Us

Lance Surety Bonds
Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more

What Our Clients Have To Say?




Kimberlee Ables
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Andrew Poincot
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
Margie Martinez
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

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