* Common Bond and Insurance Mechanics Lien | Mechanics Lien Surety Bond

Name: mechanics-lien-bond
Brand: Surety Bond

Also known as: mechanics lien bond

Apply »

Type of Bond

A mechanics lien bond is a type of surety bond that can be used to release a mechanics lien placed on a property. A mechanics lien is a legal claim that can be filed by a contractor, subcontractor, or supplier who has not been paid for work performed or materials provided on a construction project. When a mechanics lien is filed, it can prevent the property owner from being able to sell or refinance the property until the lien is satisfied. In some cases, the property owner may choose to obtain a mechanics lien bond as a way to release the lien and free up the property. The mechanics lien bond acts as a guarantee that the unpaid party will be paid the amount they are owed, even if the property owner defaults on their payment obligations. The bond is typically obtained from a surety company and is issued for a certain amount, which is usually equal to the amount of the lien. Once the bond is obtained, the lien can be released, and the property owner can move forward with their plans for the property.

Program

The price you'll pay for your Mechanics Lien Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of Mechanics Lien Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.

Application

The application process for a Mechanics Lien Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Mechanics Lien Bond Application process.