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Retail Bond Claim Form

Retail Bond Claim Form

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Video instructions and help with filling out and completing Retail Bond Claim Form

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Instructions and help about claim for refund bond money for

What happens if a claim is made on your surety bond? If a claim is made on your surety bond, the surety bond company is going to investigate the claim to determine if it's valid or not. A claim is essentially a complaint saying that you have not followed rules or regulations, or fulfilled your commitment or obligation as stated in the bond. So, if you're a contractor, this might mean that you did not complete the project on time or you did not stay within budget. If you're a motor vehicle dealer, it might mean that you sold a faulty vehicle or you so sold a vehicle without a title. Anyone can make a claim on your bond. There are essentially two different scenarios that are going to occur after the surety investigated the claim. Number one, they will determine the claim is not valid and then no further action will be taken. Or, number two, they will determine the claim is valid. If this happens the surety company will remind you of your obligations as stated in the bond and the indemnit

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