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Texas Utility Deposit Surety Bond

Utility deposit surety bonds are offered as a secure financial guarantee that any bill for utilities will be paid on time by a customer.  In today's tough economy, most utility companies require utility deposit surety bonds to be purchased as a deposit before the power can be turned on for a consumer. 

The utility deposit surety bond is a way for the utility company to protect itself from the possibility of non-payment from the consumer.  The utility deposit surety bond also protects the consumer because it prevents the utilities from being turned off due to late payment.

A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal.  The Texas Utility Deposit Surety Bond holds you accountable for your business decisions.

By possessing a Texas Utility Deposit Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.

Our Free 24 Hour Quote Procedure

How to cut down the approval process and keep your cost low:

1.      Our applications are all that's usually needed to get you a price.

2.      Occasionally, more information is needed. If so, we will contact you within 24 hours.

3.      If you have credit issues, approvals might need an additional day.

4.      We never require an application fee. All quotes are 100% free.

5.      Bond approvals, like loans, are based on personal credit, financial strength of the owner, bond amount and type of bond. The more information you provide, the better chance you have of getting the lowest available price and a faster approval.