Resources

vehicle parking lot
1024 682 Patrick J. Thomas Agency

How to Obtain a Bond if Your Vehicle Title is Lost, Damaged or Stolen

In Minnesota, all vehicle owners are required by the Department of Motor Vehicles (DMV) to have a vehicle title. Unfortunately, vehicle titles can become lost, stolen or damaged to the point where they are unreadable. If this happens, drivers will have to submit an application with the Minnesota DMV to…

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conservator audit
1024 682 Patrick J. Thomas Agency

How to Prepare for a Conservator Audit

Most conservators in Minnesota will inevitably have to prepare for their first conservator audit. The Conservator Account Auditing Program (CAAP) occasionally does these audits to ensure that conservators are properly using the funds that are given to them, and to see that no abuse or fraud is being committed. CAAP…

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commercial insurance being drafted
1024 460 Patrick J. Thomas Agency

Surety Bonds 101

WHAT IS SURETY? Surety is a special line of insurance that is used to guarantee the performance of an obligation of another party. Surety bonds are used to provide monetary compensation in case the principal fails to perform the promised obligation. Unlike traditional insurance coverage, the risk remains with the…

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