Surety Bond in Portsmouth Ohio: Where to find the best rate

No matter which type of surety bond you need, whether it be a local Portsmouth bond,  Scioto county bond, state of Ohio bond or a federal bond, getting a surety bond at the best price is much easier today than it was only a few years ago. Why? Because it's much easier to shop around for a surety bond with changes that have both helped simplify the process, and offered more options.


    Before, everything involving surety bonds ran at a snail's pace!

• The fact that there are literally thousands of different types of surety bonds made it impossible to develop an efficient and organized quoting system.
• The surety bond industry was slow to catch up with new technologies that the internet brought such as online quoting and faster communication.
• Insurance agents were for the most part only able to approach one surety bond company at a time. There were no networks of surety bond brokerage companies, to where an agent could shop your quote around with dozens of companies with just one application.

   As a result, the process of finding the best priced surety bond was nearly impossible. It took about a day or two just to get a surety bond quote from a couple of different companies. And it could sometimes take even longer between the time that the buyer paid for the bond, to the time when they actually received the bond paperwork they needed.
Today the process of getting a surety bond at the best price is much simpler and exponentially faster!

• There are networks that carry dozens of surety bond companies that an independent insurance agent can get appointed with.
• You simply let your agent know what type of bond you need and the amount that you need the bond to cover you for.
• From there, the insurance agent does the grunt work for you. This includes both finding exactly the right application to fill out and submitting it to the network(s) they're appointed with.
• Your agent will soon contact you back with the surety bond company that came out the cheapest for the bond you need.

 The process is really that simple! Many people who carry surety bonds are reluctant to shop around because they remembered what a pain it was getting the surety bond active in the first place. But it's not that way anymore! Chances are that you are overpaying for your surety bond.


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