• December 15, 2019

How Long Does it Take to Get a Surety Bond? And How to Speed Up The Process.

How Long Does it Take to Get a Surety Bond? And How to Speed Up The Process.

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How long does it take to obtain a surety bond? Is there any way to speed up the process? These are two of the most common questions asked by those looking to obtain a bond for their case. Whether you need a surety bond for an appeal or injunction, a conservatorship or guardianship, a car title or anything, timing is likely a concern for you because the bond can be the single thing that is holding you up from moving forward with your case.

How Long Does it Take to Obtain a Surety Bond?

The bad news is that there is no set time that can adequately describe how long it will take to obtain a bond. (Understand what the surety bond underwriting requires). Obtaining surety bonds requires a significant amount of underwriting, meaning the surety providing the bond needs to analyze the details of your bond request, the case and any other applicable information that is provided with the bond application.

Can the Process Be Expedited or Shortened?

The good news is there are ways in which you can speed up the process of obtaining a bond. What’s the trick? There are several things you can do to expedite the process:

  1. Provide the right information: bond underwriters need all applicable information based on your case, your estate, your car or whatever you are trying to get bonded. Make sure to organize as much applicable information as possible to make their jobs as easy as possible.
  2. Have a good background: in the case of fiduciary bonds (for guardianship/conservatorship), having a clean background will help you get the bond more quickly. A credit check usually needs to be run in order for a bond to be processed and the bond amount to be determined (you can waive it if it’s a family member). Be prepared to submit the DHS background check, and having a clean credit report and strong financial standing always helps.
  3. Work with a good agency: choosing the right surety bond agency can also help expedite the process. Reputable agencies only work with trusted sureties and, work based on your timelines and always keep your best interests in mind.

When it comes to obtaining a surety bond on a tight schedule, working with a trusted partner can be the deciding factor in you meeting your deadline. If you need a surety bond quickly, contact The Patrick J. Thomas Agency today.

 

Disclaimer: this is for informational purposes only and is not intended to be legal advice. If you need legal counsel, please contact an attorney directly.