A utility deposit bond guarantees that a person will pay for utilities on time. Most utility companies will require this type of bond before they ever turn on the utilities. While many other surety bonds protect the consumer, the utility bond protects the utility company by ensuring it receives payment.
Who Needs a Utility Bond?
Not everyone needs a utility bond, sometimes the utility will require one as a condition to turn on services for potentially risky customers.
The utility bond works as an extra level of security for the utility. The best way to find out if you need one is to contact the utility you wish to become a client of, and they will notify you as to whether you require a bond. If you do need a bond the utility will provide you with a bond form that you can upload to our online application and we will help get you bonded.
How to Get a Utility Bond FAST!
Applying for a utility bond is rather simple. Just apply through our easy online forms and submit your bond application. We will contact you soon after with a quote on your bond. You may be asked to submit additional documentation which may be required for your specific situation.
Call our Bonds department at (800) 921-1008, if you have any questions about the application process. We’re always willing to help.
Finally, if you would like to chat with a live customer service representative to walk you through the process of applying and getting approved for a utility bond today, click the live chat button below or email our Bonds Manager at Bonds@BFBond.com