Liquid Assets

[Bond Magician]

What exactly are liquid assets?

[Surety Wizard]

Liquid Assets are assets that are readily available such as cash. They can also be assets that can quickly be converted to cash such as stocks, bonds, cd's, or mutual funds.

[h2o]

Originally Posted by Surety Wizard

Liquid Assets are assets that are readily available such as cash. They can also be assets that can quickly be converted to cash such as stocks, bonds, cd's, or mutual funds.

After applying, should I fax over recent bank statements to verify my cash on hand?

[Surety Wizard]

That would not be neccessary at this time. We would only ask to see verification of these assets if required by the Surety Company wishes to see verification.

[h2o]

Does the cash value of my life insurance count as a liquid asset?

[Surety Wizard]

Yes. That is an asset that can be drawn on in the case a claim should arise so be sure to include it in your personal financial statement!