Utility deposit surety bonds are offered as a secure financial guarantee that any bill for utilities will be paid on time by a customer. In today’s tough economy, most utility companies require utility deposit surety bonds to be purchased as a deposit before the power can be turned on for a consumer.
The utility deposit surety bond is a way for the utility company to protect itself from the possibility of non-payment from the consumer. The utility deposit surety bond also protects the consumer because it prevents the utilities from being turned off due to late payment.
Many surety bond providers shy away from offering this of financial guarantee bond because of the potential for losses. Bonds Express offers bonds that other surety bond companies do not offer and 99% of the of the time we can provide you with your necessary utility deposit surety bond.
Please click on our surety bond application below and we here at Bonds Express will get back to you as soon as possible with your quote for your utility deposit surety bond.