
I believe my bond was just cancelled. Can I reinstate it?
You can reinstate the bond after we get permission and confirmation from the Surety Company that holds your bond. There are fees associated with reinstating the bond. I suggest you contact your agent and make the request as soon as possible.
Originally Posted by Surety Wizard
You can reinstate the bond after we get permission and confirmation from the Surety Company that holds your bond. There are fees associated with reinstating the bond. I suggest you contact your agent and make the request as soon as possible.
Is there ever an instance where a bond could not be reinstated?
If a bond goes past the expiration date there is a notice of non renewal that is sent to the State. There will be a term after that date where it is typically ok to reinstate your bond with the permission from the Surety. It is up to the individual Surety Companies to extend reinstatement after that time period. If you are passed the alotted time frame the Surety has the right to deny reinstatement.
It may behoove you to get a "no loss" letter from the state if you are passed the time alotted for reinstatement. This will strengthen your case with the Surety Company.
Copyright © 2003 - echo date("Y"); ?> JW Bond Consultants, Inc. All Rights Reserved. Pipersville, PA
Terms & Conditions | Privacy Policy | Sitemap | XML | A surety bond only agency.