Utility deposit bond cost
Some utility service providers in Georgia require customers to post surety bonds in lieu of cash deposits for utility services. Applicants should verify their required amount of bond coverage with their utility company prior to bonding.
These bonds are subject to underwriting consideration, so the price you’ll pay for your bond depends not only on your required bond amount but also on a review of your personal credit report.
Why this bond
Georgia utility bonds are put in place to ensure that principals (consumers) pay their utility bills on time and in full. If the principal accrues a balance of unpaid bills, the surety can step in and cover any losses the utility company suffers up to the full amount of the bond. The principal must reimburse the surety for all sums paid out.
Ready to purchase your Georgia surety bond quickly, easily and accurately? Our experts do all of the hard work for you.
Utility deposit bond details
Each utility company determines its own set of surety bond terms, so applicants should be sure they understand the fine print of their surety bond contracts during the bonding process.
In most cases, our experts will need to know the type of building receiving utility services as well as the utility account number for underwriting purposes.
Apply for your surety bond
Get a FREE Utility Deposit Bond Quote Today! Click here to begin