UTILITY DEPOSIT BOND
American Surety Bonds Agency, LLC provides simplified and fast underwriting for Utility Deposit Bonds.
What is a Utility Deposit Bond?
A Utility Deposit Bond, sometimes referred to just as a Utility Bond, guarantees that the individual will pay their utility bill on time. A Utility Deposit Bond can be required by a public or private utility company, phone company, gas company, water company or electric company and, in some cases, may be used in lieu of a deposit. Some companies may require a bond if the property has a history of delinquent payments or if the applicant has less than perfect credit, has no credit history or is new in the business.
Bond amounts and effective dates for Utility Bonds vary by Obligee.
What are the underwriting guidelines?
Utility Deposit Bonds are underwritten on the following criteria:
- Bond Amount
- Obligee Obligation
- Personal Credit History
- Personal Net Worth
- Length of Time in Business
How much does the bond cost?
American Surety Bonds Agency has a number of programs in place for Utility Deposit Bonds. Our 5 tiered programs start at less than 1% of the bond amount with competitive rates for all applicants.
Contact us today to find out which program you qualify for.
How do I apply for a Utility Deposit Bond?
To apply for a Utility Deposit Bond, simply click here to complete our application. Or, give us a call and we will be happy to get you started.
Apply today, Approved Today!
Who can I contact for more information?
MM, Senior Underwriter
Are there any other bonds I might need?