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Old 06-19-2007, 11:07 AM
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Default Subdivision Bonds
Do all sureties write subdivision bonds?
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Old 07-10-2007, 06:22 PM
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Quote:
Originally Posted by Harley
Do all sureties write subdivision bonds?
No. They're considered a hazardous obligation and even the strongest financially sound developers can find it difficult to keep underwriters happy.
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Old 07-11-2007, 09:52 AM
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Very true. Most carriers have strict terms for this class of business. Fortunately, our agency has several subdivision firendly carriers that will approve the bonds with excellent rates and terms.

You can apply at: Subdivision & Site Improvement Bond Applications
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