[vc_row][vc_column][vc_column_text] Why is a Curator Bond? A type of surety bond required by the court to guarantee the estate’s assets will not be misused, stolen or wasted. The amount varies from county to county depending on the value of the estate. Bond Premiums and Bond Amounts: Bond amount will be set by the court. ANNUAL […]
[vc_row][vc_column][vc_column_text] Why is a Personal Representative Bond necessary? When an individual dies, they must have a Personal Representative appointed to administer their final expenses and to distribute their assets. Personal Representative Bonds (also called Administrator or Executor Bonds) are required by many county jurisdictions to guarantee the faithful performance of the Personal Representative so that […]
[vc_row][vc_column][vc_column_text] What is a Bid Protest Bond? A Bid Protest Bond is a type of surety bond required to guarantee that a protest in the allocation of municipal contracts is not wrongful and will not delay the work on contract for the municipality and vendor. Many times when a municipality accepts bids for contracts, the lowest […]
[vc_row][vc_column][vc_column_text] What is a Lost Instrument Bond? Lost instrument bond is a type of surety bond used as a guarantee to a bank or lender should a financial instrument be lost or destroyed and therefore not redeemable. This can include cashier’s checks, stock certificates, mortgage notes and more. Bond Premiums and Bond Amounts: Premium is 1% of the […]
[vc_row][vc_column][vc_column_text] What is a Lis Pendens Bond A Lis Pendens Bond is a type of surety bond which is required when a plaintiff is seeking to block the sale of a property by a defendant. The bond guarantees that the plaintiff is not filing the Lis Pendens in bad faith. The bond amount varies by […]
[vc_row][vc_column][vc_column_text] What is a Distress or Distraint Bond? A Distress or Distraint Bond is a type of surety bond required by a court when a plaintiff seeks to remove a tenant from a commercial property due to unpaid rents. It is commonly known as a “Distress for Rent”. Bond Premiums and Bond Amounts: Premium is 2% of […]
[vc_row][vc_column][vc_column_text] What is an Injunction Bond? An Injunction Bond is a type of surety bond that covers any damages the defendant may sustain should the court rule the plaintiff’s suit is wrongful thus protecting the defendant from being wrongfully enjoined. Bond Premiums and Bond Amounts: Premium is 2% of the bond amount. Minimum of $250. […]
[vc_row][vc_column][vc_column_text] What is Indemnity to Sheriff Bond? A Sheriff’s Indemnity Bond is a surety bond that protects a law enforcement agency seizing property on behalf of a plaintiff from a defendant should the defendant seek damages against the enforcement agency. Bond Premiums and Bond Amounts: Premium is 1% of the bond amount. Minimum of $100. […]
[vc_row][vc_column][vc_column_text] What is a Cost Bond? A Cost Bond is a plaintiff bond that covers court costs when a party attempts to file action within a state without having residence. Not all states require this surety bond however, when they do it normally is under $2,000. Bond Premiums and Bond Amounts: Premium is 1% of […]