DeWitt Insurance

  • Why Dewitt?
    • About Us
    • Meet Our Team
    • Testimonials
    • Blog
    • Refer A Friend
    • Leave A Review
    • Privacy Policy
    • Accessibility
  • Products
    • Personal
    • Commercial
  • Get Quotes
  • Contact
    • Service Center

Call Us Today!

(636) 240-7400

jdroberts@dewittins.com

Bonds

What exactly is a bond?

A bond in layman’s terms is a way to secure a debt.

It is a way of you the consumer, being able to put up a little cost up front that says “I am letting you borrow this money so as to your agreement to pay the face value of said bond if ever needed”. In the real world, bonds can be issued by a government, municipality, corporation, federal agency and other entities.

In the insurance world a lot of times you will see bonds requested in the following ways:

Surety Bond

A surety bond is a contract between three parties. The person who is the recipient of an obligation, the primary party who will perform the contractual obligation, and the person who assures the obligation will be done.

Lost title Bond

These bonds are a type of surety bond. They provide a proof and guarantee of ownership to the Department of Motor Vehicles. When no other form of documentation is available a Lost Title Bond shows the DMV that you are the “owner” of said vehicle.

Contract Surety Bond

Contractor bonds are one of the most “popular” bonds you will see asked for in the insurance space. Contract bonds are used in the construction industry by general contractors. They are a guarantee to a project’s owner that the general contractor will adhere to the contract put in place.

License and Permit Bonds

These types of bonds function as a guarantee to a government entity that a company will comply with a statute, state law, ordinance, etc.

Some examples are but not limited to:

  • Contractors License Bonds
  • Tax Bond
  • Environmental Bonds
  • Broker’s Bonds
  • Motor Vehicle Dealer Bonds
  • ERISA Bonds

Our job as an independent insurance provider is to help you navigate a cumbersome system in finding the best fit for your bond requirements. We can help you find your bond needs, provide you with your bond, and help you get it to the party requesting.

Call our office today or complete the form below to get started!

1Products
2Contact Info
3Location
4Documents
5Final Comments
    Check all that apply. You can tell us if there is something else you need a quote for in just a moment.
  • Drop files here or
    Max. file size: 98 MB.

    Have a great experience?

    Online reviews help our agency tremendously. If you've had a great experience, we'd love your review!

    Leave review

    Ready to start your quotes?

    We make the process super easy. When you're ready, click the button below to see how we can help you!

    Yes, let's do it!

    Visit Our Office

    510 Huber Park Ct
    Weldon Spring, MO 63304
    Get Directions
    (800) 313-4599
    (636) 240-7400
    jdroberts@dewittins.com

    Contact Us

    DeWitt Insurance
    510 Huber Park Ct
    Weldon Spring, MO 63304
    Get Directions
    (800) 313-4599
    (636) 240-7400
    jdroberts@dewittins.com
    Opening Hours
    Monday 9:00 am – 5:00 pm
    Tuesday 9:00 am – 5:00 pm
    Wednesday 9:00 am – 5:00 pm
    Thursday 9:00 am – 5:00 pm
    Friday 9:00 am – 5:00 pm
    Saturday Closed
    Sunday Closed

    Connect With Us

    • Twitter

    Dewitt Insurance

    Copyright 2018 DeWitt Insurance | Website by Advisor Evolved