Volume discounts on premiums?

[Unregistered]

We are a bonded mortgage lender in NC and were wondering if you can find a bond company that will lower the premiums if you give them a large amount of business. For example, we are looking to expand and get bonded in 27 additional states. Or is this something that is non-negotiable?

[Admin]

Sureties do not give discounts based on volume. However, often sureties will write bonds for a client they normally would not write in order to write the entire account. As always, premium rates will vary depending on how financially strong the business and it's owner(s) are considered.

You can obtain quotes on all 27 states at: http://www.jwsuretybonds.com/app_mort.htm Just be sure to either submit all bonds at the same time or a letter explaining that you plan to do so. This will give the agent a better idea on how to proceed.

Let me know if you have any further questions.

[william]

We give groups special rates. www.bfbond.com