Surety bond premiums are calculated based on the risk associated with the bond type as well as the applicant. For example, certificate of title bonds have limited risk, so they can typically be issued instantly without a credit check for a low rate. Mortgage broker bonds have high risk, so underwriting consideration is typically required to determine pricing.
Premiums for bonds that require underwriting start at 1-3% of the coverage amount. For example, a $10,000 tax bond would cost just $100-$300 for applicants qualified for a standard market.
Consulting a surety expert is the best way to determine your exact surety bond cost in Vermont. Request your free quote instantly online or by calling 1 (800) 308-4358. SuretyBonds.com works to provide the industry’s lowest rates to all clients.