Kentucky Appraisal Management | $25,000 Appraisal Management Surety Bond

Also known as: appraisal management bond

Type of Bond

A Kentucky appraisal management bond refers to a type of surety bond that is required for businesses operating as appraisal management companies (AMCs) in the state of Kentucky. The purpose of a Kentucky appraisal management bond is to provide financial protection to the state, consumers, and appraisers by ensuring that the bonded AMC operates in compliance with applicable laws, regulations, and ethical standards in the appraisal industry. By obtaining this bond, the AMC assures the state and stakeholders that they will conduct their appraisal management business in accordance with the established rules and regulations. This includes properly managing appraisal orders, ensuring appraiser independence, adhering to licensing and reporting requirements, and handling funds responsibly. If the bonded AMC fails to fulfill its obligations, violates any laws or regulations, or causes harm or financial losses to consumers or appraisers, a claim can be made against the bond. If the claim is valid, the bond provides financial compensation to cover the damages or losses incurred by the affected parties. The purpose of the Kentucky appraisal management bond is to protect the interests of consumers and appraisers, ensure fair and ethical practices in the appraisal industry, and promote accountability and transparency in the operations of AMCs. The bond serves as a form of recourse for the state or affected parties to seek compensation in case of non-compliance, negligence, or breaches by the bonded AMC. It contributes to the overall trust and reliability of appraisal management services in Kentucky.


Program

The price you'll pay for your $25,000 Appraisal Management 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 $25,000 Appraisal Management 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 $25,000 Appraisal Management 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 Appraisal Management Bond Application process.

The Kentucky Appraisal Management Bond amount is currently set at  $25,000.

Obligee Information

An obligee is the entity that is requiring you to have the Appraisal Management bond.

For your convenience you can view a sample copy of the Kentucky Appraisal Management Bond Form.

Obligee: Kentucky Board Of Real Estate Appraisers
Street: 135 W Irvine Street Suite 301
State: Kentucky
Zip: 40475