IADA Services, Inc. has partnered with LMC Insurance
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 process, the state of
Iowa requires dealers to post a surety bond in the amount of $50,000.
LMC Insurance 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 IADA at