Utility Deposit Surety Bonds
A Utility bond is usually required by a private obligee. In most cases the utility company will not turn your utilities on until you obtain the surety bond. The Utility Deposit bond guarantees that the principal will pay utility bills to the utility company in a timely manner. The Utility Deposit bond amount varies from obligee to obligee. Most obligees calculate the bond by the percentage of power that will be consumed per month. Always check with the utility company for correct bond amount they will require.
Red Fox Bonding offers Utility surety bonds, and you can easily gain access to your bond online instantly. Once your application has been received, a friendly Surety Bond professional will reach out to you within a couple of hours, not days. Do you have questionable credit? Again, do not worry! We have unique programs available just for these scenarios and are prepared to do whatever we can to get you Bonded.