Service Contract Renewing

[Mother Bond]

I have a Service Contract Bond in place, and the Service Contract is renewing... what do I need to do to make sure that the renews as well? For example, will I need to provide updated financials?

[Surety Queen]

Originally Posted by Mother Bond

I have a Service Contract Bond in place, and the Service Contract is renewing... what do I need to do to make sure that the renews as well? For example, will I need to provide updated financials?

A number of factors may be involved here regarding updates. Most specifically, the amount of the bond. Best to be in touch with your representative to discuss the renewal needs. Generally it's no problem to renew this type of bond.