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Site Improvement Bonds
Site Improvement Bonds guarantee that public property effected by private improvements will be upgraded as required by the government authority. They differ from a subdivision bond in that they are for improvements to an existing building where subdivision bonds are required for new structures.
Current Market
It is extremely important to find the correct agent for site improvement and subdivision bonds, as underwriting practices can change greatly from one surety to the next. An agent that knows the surety bond market well enough can place this type of bond for nearly any applicant, even if they have a recent bankruptcy.
Special Programs
JW Surety Bonds has several unique site improvement and subdivision bond markets. Including some that actually have limited hand picked the appointment-ships, which allows our agency to place this class of business like no other.
Matthew Mckenley (Tue, 28 Feb 2012 11:55:23 -0500): tell me more about site improvement bond.
