Subdivision Bonds

Typically a local authority requires this type of bond when public site improvements (i.e., sewer system(s), roads, traffic lights, ect) have been made a prerequisite for a developer/individual landowner to subdivide a property.

A subdivision bond typically gurantees the local Authority that all site improvements mandated would be completed, and obligates the landowner and surety company to complete such improvements

In order to underwrite subdivision bonds, we are best served to procure
the following information:

◊ Request form for site improvement and subdivision bonds
(Microsoft Word Document / Adobe PDF Form )

◊ Personal Financial Statement
(Microsoft Word Document / Adobe PDF Form )

◊ Corporate Financial Statement

◊ Letter from the County (or City) stating the bond requirements, indicating improvements and dollar amounts.

◊ Resume for Individual, or Company Bio, to evidence experience in development/subdivisions.

◊ First page of bank statements to show cash, corp, and personal.

◊ Letter from your bank confirming funding in place for the construction of the improvements.

All rates and/or amounts quoted for bonds include all fees and premiums, these for an annual term in the case of non-contract bonds. Payment for any bond shall be evidence of the acceptance by applicants of fees and premiums charged. Contract Bond prices accrue additional premium and fees on and inceases in contract amount (rate multiplied by increase in contract price), as well as when term of contract exceeds twelve months (1% of total bond cost multiplied by the number of months exceeding the initial twelve month period.)

Thank you for your time! Please call us with any questions that you have.

Toll Free Phone:

(800) 576 - 8087

Or E-mail Us:

Toll Free Fax:

(800) 576 - 8089

BondsOnly@Surety-Bonding.com

Florida Office
1515 CR 210 West ◊ Suite 211 ◊ Jacksonville, FL 32259