IADA Services Inc. has partnered with LMC Insurance & Risk Management to provide dealer bonds to IADA members.

The dealer bond guarantees that an auto dealer will have clear title to any car sold and is in compliance with applicable laws concerning the sale of motor vehicles in Iowa. As part of the dealer license process, the state requires dealers to post a surety bond in the amount of $75,000. LMC Insurance & Risk Management has arranged bonding capacity with multiple surety companies depending on the financial condition of each individual member.

If you are interested in purchasing a dealer bond, contact IADA at 800.869.1966 or email bonds@iada.com.