Bond Insurance

Bond Insurance

Bond insurance or “financial guaranty insurance” is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security.

There a various types of bonds such as:

Contract Bonds
License and Permit Bonds
Public Official Bonds
Court Bonds
Fiduciary or Probate Bonds
Miscellaneous Bonds

Financial Bond

Connell Insurance Agency, Inc. – “Protecting What’s Important To You”

 

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