Types of Bonds
Bonds. You have heard of them, but do you really know what they are?
In simple terms, a bond is a loan from an investor to a borrower such as a company or government. By having a bond, you are securing a debt. In the real world, bonds can be issued by a government, municipality, corporation, federal agency and other entities.
For insurance, bonds are a little bit different. There are different ways you may see them requested, such as:
- Surety Bond
- Lost Title Bond
- Contract Surety Bond
- License and Permit Bond
Even with the explanation, bonds can still be tricky. As an independent insurance agency, we take the time to explain and work alongside you to find the perfect policy. There is no need to worry you will be steered in the wrong direction when you work with our agents at Shurr. We can assist in finding, providing, and requesting what bond is best for you.
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