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If you�re not registered in Texas as a commercial motor carrier, before you can operate an overweight vehicle on a state or county road, you must obtain an oversize/overweight permit from the Texas Department of Motor Vehicles (TXDMV).
To obtain the necessary permit, you must first purchase a Texas overweight permit bond, a type of license and permit surety bond also known as a Texas superheavy permit bond. A vehicle and/or load that exceeds Texas legal size and weight limits can cause damage to roadways, bridges, or other public property. Somebody has to pay for the repairs! The bond makes sure that someone does.
A Texas overweight permit bond protects the Texas Department of Transportation (TXDOT) against having to bear the cost of repairing damage done to the highways under the department�s jurisdiction or the management of any County Commissioner�s Court. Although you�ll file the bond with TXDMV, the bond is payable to TXDOT. The required bond amount is $10,000.
You�ll only need a Texas overweight permit bond if you are not required to obtain Motor Carrier Registration (MCR) or federal Unified Carrier Registration (UCR).
No permit bond is required for vehicles that travel only on interstate highways, which fall under federal jurisdiction. But even with a Texas overweight permit bond, driving across bridges with posted weight limits is prohibited if the weight of the vehicle exceeds the posted maximum allowable weight, unless that�s the only reasonable route to the destination.
The surety bond agreement for a Texas overweight permit bond is a legally binding contract among three parties:
If an overweight vehicle causes damage to a TXDOT roadway, the obligee can file a claim against the principal�s overweight permit bond and be compensated up to the $10,000 required bond amount (the bond�s �penal sum�).�?
The surety will investigate the claim to make sure that it�s valid before paying it on behalf of the principal. Though the surety pays the claim initially, the payment is made by activating the line of credit established by the surety for the principal at the time the bond is purchased. The principal is legally obligated to repay the surety in full for the credit extended in paying the claim.
Texas overweight permit bonds are sold for a flat premium amount, typically $100. No underwriting is required, so there is no need for a credit check.
Request a convenient online quote today, or call to speak with one of our experienced professionals about the Texas overweight permit bond you need.
