MAINTENANCE BOND

Performance, Bid, Supply & Remodel Bonds

MAINTENANCE BOND OVERVIEW:
A Maintenance Bond, also known as a warranty bond, guarantees to the project owner, that within a certain maintenance term after the project’s completion, there will be no faults in the structure. A maintenance bond guarantees for the quality of workmanship and the materials used. The maintenance bond that is purchased remains active only for a certain period of time, after which, any financial loss from defects or issues found with the contractor’s work will not be covered by the bond. If after the completion of a construction project, say a building, the client finds that the structural framework was not satisfactory, it could file a claim against the bond during the maintenance term. If the surety company finds the claim to be valid, it will compensate the obligee for any losses and damages incurred. In turn, the contractor must indemnify the surety for any compensation it makes to the obligee.

Submissions under $450,000.00: One Page Application

2% rate or higher based on credit

1 page application

Please include contract and bond forms

Please include personal financial statements

2 day turnaround

Submissions over $450,000.00

Rates start at 1% to 3% based on credit, experience, etc.

1 week turnaround on new submissions

Document Downloads
Application: Call underwriter for appropriate application at 1-800-452-7121

Get a Quick Quote TODAY

ALL ONLINE APPLICATIONS ARE SECURE

Contact Information




Are you an agent?*YesNo


Rest easy knowing that all of your information is transmitted securely using an EV SSL encryption.
* Required Fields

Step 1
Step 2
Submit

Thank you for contacting us! We'll contact you shortly.




Step 1
Step 2
Submit

Bond/Insurance Information










Are there any additional owners?



Any prior claims?







All information is transmitted securely using an EV SSL encrypted Connection.

© Copyright 2018 JR Olsen Bonds & Insurance, Inc. | Broker/Agent Lic. # 0680914 | 7407 Topanga Canyon Blvd. Canoga Park, CA 91303 | (818) 227-2620

Hablamos Español

Underwriting requirements and premiums may change without notice | Terms & Conditions | Fair Reporting Act | Sitemap

Website Designed by Backhouse Media of Los Angeles & Santa Barbara

EV SSL Certificate