What is a Maintenance Bond and Why Do You Need One?
Also known as a warranty bond, this is a type of construction bond that is needed for performing work on public projects.
If your workmanship is not free of defects for the specified period of time after it is completed, a claim can be filed on your bond.
Are Maintenance and Warranty Bonds the Same?
Yes, they are the same bond type; they are simply different names used to refer to this type of bond. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
Where can I find a maintenance bond form?
We have the industry standard bond forms on file. If a special bond form is required, you need to obtain it from the obligee.
I need a performance bond as well. Is it a separate application?
No. The bond must be paid in full. Most surety companies do not offer financing on bonds.
Why do you look at my personal credit?
It is used as a guide to how you may handle future obligations. A bond is a form of credit provided to you by the surety company. Therefore, the surety reviews your credit history to assess your likelihood to cause bond claims and your ability to pay them.
What is an average maintenance term length?
12, 18, or 24 months are the typical term lengths. Maintenance terms longer than 24 months are usually too lengthy for a surety to approve.
How do claims occur?
If there are problems with your workmanship during the warranty period that goes uncorrected, a claim will be filed on the bond which you are responsible to reimburse.
What if a false claim is filed?
You must contact us immediately, as we have a team of claim specialists here to find a resolution for you. Keep in mind, it is crucial that you work with an expert in the surety industry. Learn more about how to ensure you choose the proper bond company.
Our company has been with JW Surety for several years now so when we needed to obtain a bond for a new company, we immediately went to them for help. Our rep, Melissa, was extremely helpful and prompt which made the process extremely easy for me.
Trying to get a local Surety Bond was like driving a car on three tires. I searched Surety Bonds and found JW Surety Bonds. I got online and filled out the information and with in 30 minutes received a response from Melissa. She was informative, friendly and helpful. One more super satisfied customer.
The Nation’s #1 Volume Surety Bond Service
Our company writes $4,000,000,000+ in bonds each year!
#1 Bond Writer
We are the nation's largest volume bond producer.
Fastest online surety bond application process; we approve bonds instantly.
Our high volume allows us to negotiate lower rates on your behalf.
Your JW surety bond agent will be your claims advocate when you need them most.
Don't wait days to get bonded. Get your surety bond instantly!
We are a family owned and operated agency established in 2003. We started with just two people, and grew to become the largest volume bond producer in the nation with 50+ employees. Since day one, our team focus has been on providing real-time online quotes, an easy process, and the best in claims defense. Learn more about our company.