Surety Bond - JW Surety Bonds

Performance Bonds - Single/Aggregate Bond Line


Go Back   Surety Bond Forums > Contract Bonds > Performance Bonds
User Name
Password

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-28-2008, 11:19 AM
Senior Member
 
Join Date: Oct 2007
Posts: 324
Default Single/Aggregate Bond Line

What does a two over four aggregate bond line mean?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Free Surety Bond Quotes
Apply Online Now
  #2 (permalink)  
Old 04-28-2008, 09:34 PM
Surety Professional
 
Join Date: Oct 2007
Posts: 536
Default Performance Bonds

Quote:
Originally Posted by Bond Magician
What does a two over four aggregate bond line mean?

It means that there is a single limit for any bond in the amount of $200,000 and a total aggregate of $400,000. That means that you could do two performance bonds of $200,000 each or four at $100,000 each. You can't go over $200,000 for any single job or over $400,000 total at any one time.
I hope that clarifies it for you.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Free Surety Bond Quotes
Apply Online Now
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 07:34 PM.


Powered by vBulletin Version 3.5.0
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0
©2005-2008 JW Bond Consultants, Inc. All rights reserved.