
Will my bond always renew at the same rate I paid the first year?
It really depends. If your credit was less than perfect when you first applied, you can certainly contact our office come renewal time and we can pull another soft credit report. If your personal credit has improved, we may be able to get you a better rate or fit you into a standard program. Your best bet would be to contact the rep that was handling your bond.Originally Posted by Mother Bond
Will my bond always renew at the same rate I paid the first year?
Hope this helps!
My premium is already pretty low, is there any chance that I'll have to pay more when it's time to renew?
It's possible. Surety does a review of your information prior to each renewal. If your credit has seriously deteriorated, there could be additional premium due - if they will renew your bond.Originally Posted by Mother Bond
My premium is already pretty low, is there any chance that I'll have to pay more when it's time to renew?
If my credit does deteriorate, could my bond get cancelled?Originally Posted by Surety Queen
It's possible. Surety does a review of your information prior to each renewal. If your credit has seriously deteriorated, there could be additional premium due - if they will renew your bond.
Absolutely! Surety reviews credit each year and if it doesn't meet their standards, they will non-renew. That doesn't mean we can't place it elsewhere, however.Originally Posted by Mother Bond
If my credit does deteriorate, could my bond get cancelled?
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