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Wreckers License Bond
The Wreckers license bond indemnifies the municipalities
against any loss for personal injury or any damage to
the property arising from the house moving or wrecking
operation. The term wrecker refers to removing of a
motor vehicle by pushing from the private property at
the request of a person who is neither an owner nor
an agent or operator of the business. The person doing
the wreckers business should have to obtain a license
to start. This license will enable the wrecker to carry
on the function as per the provision of the bond.
Before issuance of wrecker’s license, the vehicle department
requires that the applicant should have to file a surety
bond with the department. The bond will be approved
by the attorney general and conditioned that the wrecker
business should be with the provisions. Any person who
has sustained any loss or damage due to fraud, carelessness,
negligence, violation of the terms of the bond, misrepresentation
may suit against the wreckers company for recovery.
Thus, this bond enables the wrecker’s performance of
the contract.
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