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. Novus Bonds 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 Novus Bonds will get back to you as soon as possible with your quote for your utility deposit surety bond.
Get Your Bond Price Within 1 Hour!
Most License and Permit Bonds have 1 hour responses during business hours:
1. This application is all that’s needed to get you a price within 1 hour.
2. Occasionally, more information is needed. If so, you’ll be contacted within 24 hours.
3. If you have credit issues, approvals might need additional time.
4. We never require an application fee. All quotes are always 100% free.
Your lowest bond price is calculated from the information you provide on the application. Keep your cost low by filling out this application completely.
Bond approvals, like loans, are based upon several factors: personal credit and financial strength of the owner(s), liens or judgments, bankruptcies, length of time in business, bond amount and type of bond. The more information you provide the better chance you have of getting the lowest available price and a faster approval.
Complete our fast and easy online application by clicking the link below. Most will receive a free quote within 1 hour.