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How much does a utility deposit bond cost in Georgia?
Georgia utility bonds are subject to underwriting consideration, so the price you’ll pay for your bond depends not only on your required bond amount but also on a review of your personal credit report. The best way to find out exactly how much you’ll pay is to request your free bond quote now!
Whether you need a Georgia Power Company utility bond or a Greystone Power Corporation bond, the experts at SuretyBonds.com can help with all of your Georgia utility bond needs. If you don’t see the specific bond you need listed on the table below, give us a call at 1 (800) 308-4358 or click here to get started!
Why do I need a Georgia utility bond?
Whether you live in Jackson or Marietta, utility service providers in Georgia occasionally require customers to post surety bonds in lieu of cash deposits for utility services. Applicants should verify the required amount of bond coverage with their utility company prior to bonding.
Georgia utility bonds are put in place to ensure that principals (consumers) pay their utility bills on time and in full. If the principal accrues a balance of unpaid bills, the surety can step in and cover any losses the utility company suffers up to the full amount of the bond. The principal must reimburse the surety for all sums paid out.
Ready to purchase your Georgia surety bond quickly, easily and accurately? Our experts do all of the hard work for you. Apply for your free bond quote now!
What are the terms for a utility deposit bond in Georgia?
Each utility company determines its own set of surety bond terms, so applicants should be sure they understand the fine print of their surety bond contracts during the bonding process.
In most cases, our experts will need to know the type of building receiving utility services as well as the utility account number to issue the bond accurately.