Surety manufacturer 2025

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The document is a surety bond for mobile home manufacturers in Florida, outlining the obligations of the principal (the manufacturer) and the surety company. It ensures that the manufacturer complies with contractual conditions and state statutes related to mobile home sales, providing financial protection to retail customers against any losses due to non-compliance. The bond is effective for a specified license period and can be renewed annually.

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What is a surety maker?

Key Takeaways. A surety is a promise that financial obligations will be met if one party defaults. A surety is made by a person or party that takes responsibility for the debt, default, or other financial responsibilities of another party.

How much is a surety bond for $500,000?

Surety Bond Annual Premium Cost Estimates Surety Bond AmountExcellent Credit (675+)Average Credit (600-675) $50,000 $250$1,500 $1,500$2,500 $75,000 $375$2,250 $2,250$3,750 $100,000 $500$3,000 $3,000$5,000 $500,000 $2,500$15,000 $15,000$25,0005 more rows

How much does it cost for a $10,000 surety bond?

On average, the cost for a surety bond falls somewhere between 1% and 15% of the bond amount. That means you may be charged between $100 and $1,500 to buy a $10,000 bond policy. Most premium amounts are based on your application and credit health, but there are some bond policies that are written freely.

How much does a 1000000 surety bond cost?

Surety bond premiums are calculated as a small percentage of the bond amount. $1,000,000 surety bonds typically cost 0.510% of the bond amount, or $5,000$100,000. Highly qualified applicants with strong credit might pay just $5,000 to $1,000 while an individual with poor credit will receive a higher rate.

What does a surety company do?

Surety companies operate on a different business model. Surety bonds are three-party agreements designed to prevent a loss. The surety does not assume the primary obligation but is secondarily liable, if the principal defaults on its bonded obligation.

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Surety manufacturer phone number Top 10 surety bond companies Surety manufacturer near me Surety Company near me List of Surety bond companies Surety Bonding Company of America Largest surety bond companies Western Surety Company

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What does a surety producer do?

Surety bond producers are business professionals who specialize in providing contract surety bonds to contractors, subcontractors, and other construction project participants and/or who specialize in providing commercial surety bonds to individuals and businesses.

How much does a 2 million dollar bond cost?

Service Fee: Typically, a bail bondsman charges a fee of 10-15% of the total bail amount. So, for a $2 million bail, youd be looking at a fee between $200,000 and $300,000. This amount is non-refundable.

Surety manufacturer 2025

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