As the economy continues to improve and the overall surety marketplace becomes more competitive, Surety 1 now has several markets willing to compete for this type of surety bond business.
(PRWEB) July 02, 2012
Surety Solutions Insurance Services, Inc. (Surety1) is excited to announce that it now has several markets available that will provide California encroachment and grading permit surety bonds at very competitive rates.
An encroachment surety bond supports a permit that is required in order to do construction within a certain jurisdiction—most likely private property that is near public property. The municipality in where the construction is being done or the state will require the bond. This bond ensures that the construction performed on the private property will not affect the public property. The bond also states that if there were damages to the public property, then the bond holder would return the public property back to its original condition. With the melt down in the real estate market, these bonds have been difficult to place for the last several years. As the economy continues to improve and the overall surety marketplace becomes more competitive, Surety 1 now has several markets willing to compete for this type of surety bond business.
Surety1 has been dedicated to providing quality products and customer service at competitive rates since 2003. With over 18 different markets to choose from and in-house underwriting authority, Surety Solutions is an elite surety bond provider.
It is important to understand that California encroachment permit surety bonds do not protect the principal. The surety bond is deigned to protect the public and the State of California from any unlawful or inappropriate actions by the principal.
Surety Solutions Insurance Services, Inc. (Surety1) is an independent insurance agency based in Rancho Cordova, California and licensed in all fifty states. Surety1 specializes in the placement of surety bonds and other specialty insurance products.
For more information on obtaining a California encroachment permit surety bond, contact Surety Solutions through its website, http://www.surety1.com, by calling 877-654-2327, or by e-mailing info(at)surety1(dot)com.