Legal Question in Real Estate Law in Ohio

Bonds

How does one become bonded?


Asked on 4/27/08, 9:11 pm

1 Answer from Attorneys
J. Norman Stark J. Norman Stark , Attorney, Architect

Re: Bonds

Dear Inquirer: Bonds are a form of insurance, whereby a surety (insurer) provides a bond guaranteeing the performance by the insured for the benefit of the assured party.

You may contact an insurance company, bonding department, and explain the kind of bond you require, and in what amountr, and for what duration of time. The insurer will quote you the cost of the bond and may also require you to provide collateral to guarantee the issuance of the bond.

You may wish to retain an experienced Attorney to assist and advise you. I recommend it strongly.

Good luck.

Sincerely, J. Norman Stark

Sincerely, J. Norman Stark

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Answered on 4/27/08, 9:42 pm


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