Michigan Manufacture Home Contractor | $10,000 Manufacture Home Contractor Surety Bond

Also known as: manufacture home contractor bond

Type of Bond

A manufactured home contractor bond, also known as a mobile home contractor bond, is a type of surety bond required for individuals or businesses engaged in the construction, installation, or repair of manufactured homes. It serves as a financial guarantee that the contractor will comply with applicable laws, regulations, and contractual obligations related to manufactured home projects. The purpose of a manufactured home contractor bond is to protect consumers and government entities from potential financial losses caused by the contractor's failure to complete the work or adhere to industry standards. The bond helps ensure that the contractor operates ethically, follows building codes, and fulfills their contractual commitments. The bond is a contractual agreement among three parties: the manufactured home contractor (the principal), the government agency or regulatory authority overseeing contractor licensing (the obligee), and the surety bond provider (the surety). If the bonded contractor fails to meet their obligations or violates any laws or regulations, a claim can be filed against the bond. The surety bond provider will investigate the claim, and if it is determined to be valid, the surety will compensate the affected parties up to the bond's specified amount. The specific bond requirements for manufactured home contractors can vary by state and local regulations. The bond amount is typically based on factors such as the contractor's project volume or the financial risk associated with their work. Contractors are generally required to obtain and maintain a bond as a condition of their licensing or registration. To obtain a manufactured home contractor bond, the contractor typically works with a surety bond provider. The bond application process involves a financial review and underwriting assessment. Contractors may need to renew the bond periodically, often on an annual basis or as required by the regulatory authority. Understanding and complying with the specific bond requirements in their jurisdiction is essential for manufactured home contractors to maintain their licensing status and operate legally. Consulting with legal and financial professionals can help ensure compliance and provide guidance on obtaining the necessary bond coverage.


Program

The price you'll pay for your $10,000 Manufacture Home Contractor 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 $10,000 Manufacture Home Contractor 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 $10,000 Manufacture Home Contractor 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 Manufacture Home Contractor Bond Application process.

The Michigan Manufacture Home Contractor Bond amount is currently set at  $10,000.

Obligee Information

An obligee is the entity that is requiring you to have the Manufacture Home Contractor bond.

Obligee: Michigan Department Of Labor & Economic Growth