Replacing Previous Bond

[Carboholic]

I had a bond for over 6 years through my insurance agency. They recently decided to no longer handle surety bonds, so my bond will not be renewing. I am looking to replace my bond, but the quotes I've gotten are much higher than what I was originally paying. My personal credit isn't bad nor has anything in my finances changed, so why am I seeing such high rates?

[Admin]

The bond industry has changed drastically in recent years. The time you obtained your bond was near the end of the softest surety market ever seen. We are now back to the traditional underwriting methods.

I suggest trying to find an agent that is appointed with the carrier, as they could take the policy over by "broker of record" for you, in which case you would likely keep the same rates.

Any idea on what carrier the bond is placed with?