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SURETY BOND BLOG

Monthly Archives: November 2004

19
Nov
2004

Mortgage Broker Bond – Rates

The bond market has changed dramatically the past few years. Only a couple years ago, you could obtain a Mortgage broker bond for .75% of the bond amount. These days are quite a different story, some of the top ten sureties in the US are approving clients with rates of 2.25%, and that is for read more »




11
Nov
2004

Insurance – Surety Bonds

A surety bond is not your typical form of insurance. The main difference to the principal is that the principal will not be paid in anyway if their obligations are not met. A third party (the obligee) is compensated in the event of a claim. With insurance a loss is expected by the insurance company. read more »




03
Nov
2004

License & Permit Bonds – Different Rates For Different States

There are numerous factors that are taken into consideration when underwriting a surety bond. For a license and permit bond the owner(s) personal credit, home equity, and net worth are deciding factors on whether to decline or approve, and at what rate. One factor overlooked by many is the state’s bond form for the specific read more »