California Lateral Support | $15,000 Lateral Support Surety Bond

Also known as: lateral support bond

Type of Bond

A California lateral support bond is a type of surety bond required by some municipalities for property owners who wish to excavate or construct a building adjacent to another property. The bond serves as a financial guarantee that the owner will protect the neighboring property from any damage that may result from the excavation or construction work. Specifically, the bond ensures that the owner will provide proper lateral support to the neighboring property to prevent any subsidence or other damage. If damage does occur, a claim can be made against the bond to provide financial compensation to the affected party. The bond amount varies based on the size and scope of the excavation or construction work and the potential risk to the neighboring property.


Program

The price you'll pay for your $15,000 Lateral Support 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 $15,000 Lateral Support 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 $15,000 Lateral Support 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 Lateral Support Bond Application process.

The California Lateral Support Bond amount is currently set at  $15,000.

Obligee Information

An obligee is the entity that is requiring you to have the Lateral Support bond.

Obligee: City Of Los Angeles California