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Subdivision Bonds
Mandatory public improvements that builders, developers, and individual landowners make to their property. The local authorities require a guarantee that the landowner completes the improvements; the developer's bond guarantees it. A subdivision bond obligates the principal and the surety to complete subdivision improvements.
Current Market
Subdivision bonds can be underwritten drastically different, depending on the market. It is more crucial to find the right agent for developer bonds than any other line of business, as it could mean the difference between approval and declination.
Special Programs
Our agency represents the best carriers when it comes to subdivision bonds. Some of our markets have a limited amount of hand picked agents they appoint. Our carriers consider risks and applicants that others would decline. Subdivision bonds are a large part of our business, which always keeps us on the look out for a great niche market to place out clients. Our market capacity is a great fit for small local builders, as well as large nationally recognized developers. When most agents are not able to find a solid bond market for smaller developers, we become the solution. Allow us to help you utilize the surety bond market and find you a surety able to write small Subdivision bonds. This will only keep a healthier working capital position for your business, allowing you to use your money where you need it, not stuck in letters of credit.
