Insurance Bonds
Here Some Types of Bonds
(We work all types of commercial and personal bonds)
This policy provides maximum protection for your property against losses due to fire, hurricane, earthquake and if you wish, it can also include cover for theft and vandalism.
Flood damage is excluded on most homeowners and commercial policies.
Contract Bonds
These bonds are what the government or construction project owner requires the contractor to obtain. Among these guarantees are the following:
- Bid bonds (“Bid Bonds”).
- Performance and Payment Bonds (“Payment & Performance Bonds”).
- Maintenance Bonds (“Maintenance Bonds”).
- Maintenance Bonds (“Maintenance Bonds”).
Non-Contract Bonds or Commercial Bonds:
Bonds that the government, legislation or another entity may require from individuals or businesses.
Court Bonds
- Judicial bonds.
- Trust Bonds.
Bonds of Licenses and Permits:
They are bonds required by the state, the municipality or a municipal and/or state ordinance. This type of bond is required to obtain a license to operate a business or to obtain a permit to exercise a particular privilege.
Miscellaneous Bonds:
This type of bond arises as a requirement of some regulation or is issued to cover a particular situation. They are used to guarantee a ready-made agreement, such as:
- Payment guarantee bonds.
- Electricity or water service guarantee bonds.
- Rent deposit.
- We offer different types of bonds to suit the needs of your person or business.
- Here are some of the ones we offer Bid, Execution and Payment Bonds for the construction sector and Commercial Bonds for different types of businesses.
Federal Bonds:
They are payment guarantee bonds issued to the federal government. Among these are the following:
- Customs Bonds.
- Bail bonds of «Loan Closing Attorney».
- Bond of «Contract Postal Unit».
Contract Bonds
Bid Bonds.
Performance and Payment Bonds.
Maintenance Bonds.
Replacement Bonds.
Supply Bonds
Judicial Bonds
Judicial Bonds – Courts.
Trust Bonds.
Miscellaneous Bonds
Payment guarantee bonds.
Electricity or water service guarantee bonds.
Rent bonds.
Bonds of Licenses and Permits.
Payment guarantee bonds.
The sureties allow the principal not to have to deposit a certain amount of money with the beneficiary, so he can maintain his liquidity.
Insurance Puerto Rico always with you, to serve you.
– It is important that when you purchase your insurance (policy) you are aware of what the claim process will be like and thus be sure that you have the indicated coverage.
– At Seguros Puerto Rico we advise you so that you have peace of mind and know that you are protected, always holding your hand.
– Contact us with any questions about your business and personal insurance.