USTOA Indemnity Bonds
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What Are USTOA Indemnity Bonds?
The United States Tour Operators Association Inc. (USTOA) requires Active Members of the USTOA $1 Million Travelers Assistance Program to have a USTOA indemnity bond. The program protects USTOA consumers’ deposits and payments.
Each Active Member must file a $1 million security in the form of a surety bond, letter of credit or U.S. treasury bill which will be held by the United States Tour Operators Association Inc. Tour Depositors Trust.
How Much Do USTOA Indemnity Bonds Cost?
We work with the nation’s top surety providers to find the lowest bond pricing with no added fees. The $1 million USTOA indemnity bond premium is paid upfront as a percentage of the total bond amount based on the applicant’s credit. Request a free quote today.
How Do USTOA Indemnity Bonds Work?
By purchasing this bond, you enter a legal contract between three parties:
- Obligee: United States Tour Operator Association Inc.
- Principal: You, the USTOA Active Member
- Surety: The company issuing the bond
How Are Bond Claims Handled?
All Active Members’ surety bonds are posted in the United States Tour Operators Association Inc. Tour Depositors Trust. The trust reimburses consumers’ vacation investments, tour payments or deposits in the following instances:
- Active Member bankruptcy
- Active Member insolvency
- Active Member cessation of business
- Failure to refund consumer deposits within 120 days of its cancellation
To make a claim, consumers will complete claim forms on the USTOA website. More information can be found on the USTOA $1 Million Travelers Assistance Program page.
How to Get a USTOA Indemnity Bond
At Surety Bonds, we provide a quick and easy bonding process. To get a USTOA indemnity bond, use the following steps:
- Apply online at SuretyBonds.com
- Get a quote within one business day
- Buy online or over phone
- Receive your bond in the mail within two business days
- Sign and submit the bond form to the address below:
United States Tour Operators Association
345 Seventh Avenue
Suite 1801
New York, NY 10001
How Do I Renew My USTOA Indemnity Bond?
USTOA indemnity bonds expire annually. When the time comes, a SuretyBonds.com representative will contact you about the renewal process. If you have any questions, refer to our Surety Bond Renewal Guide or call 1 (800) 308-4358 to speak with a team member.
How Do I Update My USTOA Indemnity Bond Form?
If you need to update information on your USTOA indemnity bond, call 1 (800) 308-4358 or email [email protected] to speak with a surety specialist.
Can I Get a USTOA Indemnity Bond With Bad Credit?
Our goal is to help everyone with their bonding needs. We approve 99% of our applicants — regardless of credit score — through our bad credit bond program.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
