Why Surety Bond Form Language Matters October 28, 2021 For most insurance products, the quoting and issuing processes are pretty straightforward. You obtain a quote, your customer pays a premium, and everyone’s happy. Your customer may need to present a regulatory agency with proof of insurance, but there generally isn’t an additional step after they …
Colorado Lottery Retailer Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain a Colorado Lottery Retailer Bond At a Glance: Lowest Cost: 1.5% of the bond amount per year based on the applicant’s credit Bond Amount: $2,000 per retail location Who Needs it: Colorado lottery retailers who do …
Arkansas Licensed Lottery Retailer Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain an Arkansas Licensed Lottery Retailer Bond At a Glance: Lowest Cost: 1.5% of the bond amount per year based on the applicant’s credit Bond Amount: Determined on a case by case basis (more on this …
Wyoming Lost Title Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain a Wyoming Lost Title Bond At a Glance: Lowest Cost: $100 per year Bond Amount: Twice the vehicle’s value Who Needs it: Vehicle title applicants in Wyoming who do not have adequate proof of ownership Purpose: …
Missouri Lost Title Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain a Missouri Lost Title Bond At a Glance: Lowest Cost: $100 per year Bond Amount: Twice the vehicle’s value Who Needs it: Vehicle title applicants in Missouri who do not have adequate proof of ownership Purpose: …
Idaho Lost Title Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain an Idaho Lost Title Bond At a Glance: Lowest Cost: $100 per year Bond Amount: One and a half times the vehicle’s appraised value Who Needs it: Vehicle title applicants in Idaho who do not have …
Tennessee Contractor License Bond: A Comprehensive Guide This guide provides information for insurance agents to help contractors on Tennessee Contractor License Bonds At a Glance: Lowest Cost: 1% of the bond amount, based on the business owner’s credit and the business’s financial standing Bond Amount: $500,000 for contractors whose license has a monetary limit of …
Court Bonds: A Comprehensive Guide Court bonds are an important surety bond class that insurance agents are bound to encounter throughout their careers. There are many different types of court bonds, each with its own unique purpose and underwriting criteria. To help agents better understand these bonds, we have put together this comprehensive guide explaining …
Wisconsin Lost Title Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain a Wisconsin Lost Title Bond At a Glance: Lowest Cost: $100 per year Bond Amount: One and a half times the vehicle’s value Who Needs it: Vehicle title applicants in Wisconsin who do not have adequate …
Why is it so Hard to Quote Surety Bonds? September 29, 2021 Surety bonds can be difficult to quote, and many insurance agents have experienced this first hand. Whether it be the outdated technological platforms, extensive underwriting requirements, or general lack of guidance throughout the process, one thing is certain; obtaining a surety bond for …
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