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  1. chefman
    chefman is offline Member
    Join Date
    May 2007
    Posts
    59

    Bond for My Trees?

    I am building a new house and the city has asked me for a bond for trees. They asked me for a bond for $34,500 to make sure that nothing happens to the trees.
    What type of bond is this and do you do such a bond?
    How much will this bond cost me if you even do something like this?
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  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    It sounds like they are requiring a site-improvement bond.

    The cost of the bond (referred to as the premium) is a percentage based on the bond amount. The rate you are written at depends on the assessed risk of the guarantee.
    Surety Bond Articles
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