An Abandoned or Unclaimed Property Bond guarantees payment of final judgments and costs if adjudged against the principal. The Abandoned or Unclaimed Property Bond is put in place to protect the court against losses from time and money due to judgment and is always in the full amount of the judgement plus interest as determined by the court.
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 Abandoned or Unclaimed Property Court Bond holds you accountable for your decisions.
By possessing a Abandoned or Unclaimed Property Court Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your decisions.