City of Glen Cove Auctioneer Bond Guide
If you’re applying for an auctioneer license in Glen Cove, New York, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure auctioneers operate ethically and uphold local and state laws
- Who Needs It: All auctioneers in New York City of Glen Cove
- Regulating Body: The City of Glen Cove Police Department
- Required Coverage: $1,000
- Premium Rate: $100 for a 1-year term.
Learn all about the bond requirements and process in this guide.
What Is a Glen Cove Auctioneer Bond?
A Glen Cove, New York auctioneer bond protects consumers against fraudulent substitution of goods and misrepresentation of auction items by auctioneers.
The City of Glen Cove Police Department requires this bond to guarantee auctioneers comply with local and state regulations.
How Much Do Auctioneer Bonds Cost in Glen Cove?
A $1,000 Glen Cove, NY auctioneer bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
Click below to buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your City of Glen Cove auctioneer bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the Police Department as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a City of Glen Cove Auctioneer Bond Work?
As with all surety bonds, an auctioneer bond creates a legal contract between three parties:
- Principal: You, the auctioneer filing the bond
- Obligee: The Glen Cove Police Department requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of City of Glen Cove Code Part II, Chapter 91.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your auctioneer bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
