Subdivision Bonds and Plat Map Bonds
Subdivision bonds and plat map bonds application for insurance agents. As a bond wholesaler, we can help agents and brokers.
As a bond wholesaler, we help agents and brokers place subdivision and plat map bonds that guarantee a developer will complete required public improvements.
What these bonds do
- →Subdivision bonds guarantee the developer finishes roads, sewers, sidewalks, and other required improvements
- →Plat map bonds support the recording of a subdivision map with the local authority
- →They protect the municipality if the improvements are not completed as approved
Who needs one
- ✓Developers platting new residential or commercial subdivisions
- ✓Builders required to post security for public improvements
- ✓Anyone the city or county names as principal on the requirement
What to send us
- ✓The bond form or requirement from the obligee
- ✓The improvement or engineer's cost estimate
- ✓Financials on the developer or entity
These are underwritten on the size and scope of the work, so the sooner we see the numbers, the sooner we can help you place it.
** Bond terms are governed by the bond form and the obligee's requirements.