Surety Bonds: The Hidden Gem For Insurance Agents Agents who leverage quality surety brokers can profitably write surety bonds and generate leads for other insurance lines. Surety bonds offer insurance agents a unique opportunity to differentiate their agency by providing an essential business product that can lead to many other insurance selling opportunities. The problem? …
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Texas Auto Dealer Bond: A Comprehensive Guide For Insurance Agents This guide provides information for insurance agents to help their customers obtain a Texas Auto Dealer bond At a Glance: Lowest Cost: $131.25 per year or $14 per month Bond Amount: $50,000 Who Needs It: All dealers who seek to buy, sell, or exchange motor …
North Carolina Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on North Carolina Auto Dealer bonds. At a Glance: Lowest Cost: $250 per year or $25 per month Bond Amount: $50,000 for one location, $25,000 for each additional location Who Needs It: …
California Auto Dealer Bond: A Comprehensive Guide For Insurance Agents This guide provides information for insurance agents to help new and pre-owned car dealership owners on California Auto Dealer bonds. At a Glance: Lowest Cost: $50,000 Retail Dealer bond: $400 per year or $40 per month $10,000 Bond: $100 per year or $10 per month …
Virginia Skill Game Bond – Opportunity or Peril We recently published our first article as a contributor to Suretypedia, a great resource for insurance agents looking for information on bonds. The article focuses on a new hard-to-place bond in Virginia for skill game operators/distributors. The initial bond is due July 10, 2020 in amounts ranging …
What are the insurance requirements for Georgia auto dealers? Georgia used car dealers must submit an original $35,000 surety bond and proof of garage liability insurance (minimum of 50k/100k/25k or single limit of $125,000) with their license renewal every even year (2018, 2020, 2022,..) on March 31st. The surety bond must be effective for 2 …
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Surety Bond Renewals: 3 Helpful Tips for Insurance Agents As a general rule, surety bond renewals are simpler than the initial application. But there are still some things to know that can help ensure the renewal process is smooth and painless for your customer. In this article, we will go over three helpful tips for …
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How to Explain the 4 Key Differences Between a Surety Bond and an Insurance Policy to Your Customers Surety bonds are misunderstood. Most people assume they work like insurance policies because they involve payments when things don’t go as planned. But surety bonds and insurance policies are actually very different animals. When you find yourself …
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