CoreLogic Transportation Services offers a bond filing service that saves our subscribers time and money. For $30, we will file a claim on your behalf with a broker’s bond or trust company for payment of past due freight charges. We will forward all of the necessary documentation to the bond/trust company with your demand for payment and will follow up to make sure the claim gets resolved. You will be provided with copies of the claim letter and all subsequent correspondence from the bond/trust company.

CoreLogic Transportation Services files more than 2,200 claims annually, totaling in excess of $3.8 million. Forty-five percent of all claims result in payment to the carrier with 95 percent paid directly by the broker after we have filed a claim against their bond or trust.

If you would like CoreLogic to file on a broker’s bond/trust, please click here for instructions (or for required documentation): Bond Filing Request  - please either print and fill out or use the fill-in PDF and send it back to us digitally with the appropriate documentation.

What to Expect

CoreLogic has been processing bond-filing requests for several years and has kept detailed tracking of what documentation each insurance company or bank needs for effective investigation and collection. The procedure can be lengthy, ranging anywhere from one month to a few years for a resolution. The following documents may be sent to you during the procedure and need to be acted upon immediately:

• Additional paperwork request from CoreLogic: If any important documents are missing, we will notify you in writing as soon as possible.
  
  
• Proof of Claim Form: The form must be filled out in its entirety and mailed directly back to the CoreLogic.
  
  
• Release Form: In the event that the bonding company will be issuing payment to you, the release form may be sent to you for a signature and needs to be returned to the bonding company as soon as possible for the process to continue or for a check to be issued

We will actively pursue the bond filing for 60 days. If payment has not been issued by that time, we suggest you use a more aggressive approach to collections. We can recommend a transportation specific attorney for you to contact if needed.

Possible Outcomes

• Interpleader: The bonding company will turn the claims over to the courts for them to make a decision for payout of the bond funds. An interpleader form will be sent to you and needs to be completed and returned to the requestor. You may choose to further pursue this in court, or you may drop yourself from the claim list.
  
  
• Prorated: The bonding company will issue payment as soon as all claims are received and will pay out based on a percentage per dollar on all eligible claims.
  
  
• First Come First Served: The bonding company will issue Payment to the first claims filed until all funds are depleted.
  
  
• First Come First Paid: The bonding company will pay the claims in load delivery date order.
  
  
• Judgment: Some bonding companies and banks will require you to file a judgment against the broker before they will begin the bond filing procedure.
  
  
• Bankruptcy: In the event that the broker files bankruptcy, the courts may freeze all money to be paid out until the proceedings are concluded.
  
  
• Denials: The bond company will notify you in writing the reason for their denial of the claim.