Monthly Premium Payments

What will my monthly premium payments be?

[Surety Guy]

Well for one, bonds are paid in full prior to release of the bond, not in monthly payments. Usually this comes out to be annual payments, but can be bi-annual, tri-annual, etc. depending on the bond form.

As far as what your annual cost would be, an agent would have to know the following:

-bond amount
-type of bond
-who is requiring the bond
-your completed applications (different depending on the bond type)

Your best bet is to apply and have an agent shop your application around at different sureties for you. There is no charge if you do not agree to the terms.