South Carolina Motor Club Special Deposit Bond Guide
If you’re applying for a motor club license in South Carolina, you’ll need this $50,000 surety bond.
Bond Overview
- Purpose: To protect member funds and ensure motor clubs operate legally
- Who Needs It: Motor clubs in South Carolina
- Regulating Body: The South Carolina Department of Consumer Affairs
- Required Coverage: $50,000
- Premium Rate: $500–$5,000, credit based
Learn all about the bond requirements and process in this guide.
What Is a South Carolina Motor Club Special Deposit Bond?
A South Carolina motor club special deposit bond protects membership dues if a club defaults and ensures that motor clubs follow all regulations.
How Much Do Motor Club Bonds Cost?
South Carolina motor club special deposit bonds cost a small percentage of the $50,000 coverage amount, typically $500–$5,000.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Motor Club Special Deposit Bond?
The South Carolina Department of Consumer Affairs requires this bond as part of the licensing process for motor clubs in the state.
A motor club includes any person or business who provides motor club services such as towing, emergency roadside service, legal service, etc.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a South Carolina motor club special deposit bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the Department of Consumer Affairs as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a South Carolina Motor Club Bond Work?
A motor club special deposit bond creates a legal contract between these three parties:
- Principal: You, the motor club owner(s) filing the bond
- Obligee: The South Carolina Department of Consumer Affairs requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of South Carolina State Code Title 39 Chapter 61.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your motor club special deposit bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
