Private School - 2nd Location

[Mother Bond]

I have a Private School Bond for Pennsylvania and we are opening up a 2nd Location. The state wants the additional location added onto the bond, but requires no increase in the bond amount. Will I have to pay an additional premium to have both locations on the same bond?

[Bond Magician]

As long as there is not an increase required, you will not have to pay any additional premium. You would only have to pay the $25 charge for the address change rider. Then, what we would do is just issue the address change rider adding the second location.

Hope that helped!