Home > Surety Bonds By City > Lansdowne, VA

Lansdowne , VA Surety Bonds

Call Pro Surety Bond for some of the best premiums on the market. We specialize in all types of Contract and Construction Bonds including Payment and Performance Bonds, Subdivision and Off Site Bonds, Bid Bonds, License and Permit Bonds, Court Bonds, Fidelity Bonds and all types of Miscellaneous Surety Bonds. Why not call 800-314-7003 and speak to an experienced representative. Customer service is our middle name. Call the Lansdowne Surety Bond Pros at 800-314-7003!

Experience The Pro Surety Bond Experience For Your Lansdowne Surety Bond

Call 800-314-7003! What is a surety bond? A surety bond makes someone financially answerable for a contractual agreement. If you are in the moving business, for example, you must be answerable to your clients in transporting their belongings. Insurance is not as good for this because what is needed is a guarantee for the moving work, whereas insurance is for accidents. Sureties can take over the responsibility of providing the guarantee if the moving company promises to pay it back. Buying a surety bond means you don’t have to put up a big security deposit and hurt your working capital. Pro Surety Bond has over 25 years of combined industry experience. Call even if you are concerned that you will not be able to get a surety bond at a an affordable price given you poor credit rating. Call 800-314-7003!

Bidding Opportunities in Lansdowne

If you are bidding on public projects for the City of Lansdowne you may be required to post a Bid Bond. The Bid Bond guarantees you will be able to provide the Performance Bonds required in the event you are the low bidder. In essence the Bid Bond pre-qualifies you for the work you are bidding on. Not all jobs require bonding but if they do we can assist you with Bid Bonds, and subsequent Performance and Payment Bonds as required by the state. Please call the Contract Bond Team at Pro Surety Bond for more information.

Click Here for Bidding Opportunities for the City of Lansdowne

1 Harrison St. SE Leesburg, VA 20177-7000

Phone: 703-777-0563

Map to Finance Department

The City Of Lansdowne, Virginia

Lansdowne is a census-designated place in the State of Virginia and it is the 108th most populous. You might say Lansdowne, Virginia has just about everything except crime. For the record, crime here is about 50% lower than the rest of the United States. The school system is considered average to above average, but it’s graduation rate is nearly 100% and two-thirds of those go on to get a bachelor’s degree. The cost of living here is as you might expect: very high; 50% higher than the rest of the country.

What is the obligee in a bond transaction? The obligee is the party that wants the coverage from the principal, the party that buys the bond. The surety transaction is a three-way transaction, but it might be better to think of them as three separate agreements. The agreement the surety has with the obligee is to pay any valid claim, no matter what. If the principal disagrees with the claim, the surety still has to pay. If the principal has misled the surety in some way—something that would invalidate most insurance policies—the surety still has to pay.  Call the Lansdowne Surety Bond Pros Today at 800-314-7003!

What separates the better surety producers from the others? A surety bond relationship is a long one, since most people keep the same one once they are approved for the first bond. It’s important to look for someone who has partnered with many surety underwriters. Each surety company has different guidelines for approval, and one of the ways a surety producer can help you is by steering you in the direction of an underwriter who is the “best fit.” This can only be done if the agency has cultivated relationships with many surety companies.

Pro Surety Bond Is The Only Name You Need To Know For Bonds In Lansdowne

What are the relative merits of a surety bond over a letter of credit? Letters of credit are the most common way of guaranteeing a commitment besides surety bonds. One important thing to remember about letters of credit is that they are not actually credit. LoCs are secured with cash, property or anything else that can be used for collateral. Surety bonds, curiously, ARE credit, at least in the respect that if a claim has to be paid, the surety is in effect advancing a short-term loan to the bond purchaser. Probably the biggest advantage that surety bonds have over LoCs is that the surety must investigate a claim to establish whether it’s valid. A LoC must be paid only with the submission of certain requisite paperwork. If the other party feels the claimant is wrong, it will have to go to court. Give us a call at 800-314-7003

Related Links:

There are literally thousands of different Surety Bonds to guarantee the performance of businesses and individuals. The following list of are the bonds we most commonly see.