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Surety Bonds


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Surety Bond: The not-quite-insurance solution.

“A surety bond ensures contract completion in the event of contractor default. A project owner (called an obligee) seeks a contractor (called a principal) to fulfill a contract. The contractor obtains a surety bond from a surety company. If the contractor defaults, the surety company is obligated to find another contractor to complete the contract or compensate the project owner for the financial loss incurred.”
~Courtesy Small Business Administration
 
Clear as mud? 

In layman’s terms, if you’ve just signed a contract to add an addition to a home just in time for the daughter of the owner’s wedding, and you're in a serious car wreck the next day and can't complete it on time, you’re protected against a lawsuit. With a Surety Bond, the addition is built on time, and you’re protected when you need it. 

Let us plan for the unthinkable for you. Call us today. 
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Chris Challender
Challender Insurance Agency
Phone: (252) 321-8555
Fax: (252) 321-8592
2115 Greenville Blvd SE Ste-C
Greenville, NC 27858
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  • Home
  • Quotes
    • Personal Quotes >
      • Auto Quote
      • Home Quote
      • Flood Quote
      • Life Quote
      • Renters Quote
      • Umbrella Quote
      • Special Event Quotes
    • Business Quotes >
      • Business Quote
      • General Liability
      • Commercial Auto Quote
      • Request a Surety Bond
    • Ask an Agent
  • Services
    • Certificates
    • Request Policy Change
    • Update Policy Info
    • Proof of Insurance
    • Pay Your Bill
    • Report a Claim
  • Products
    • Personal >
      • Auto Insurance
      • Home Insurance
      • Flood Insurance
      • Renters Insurance
      • Life Insurance
      • Umbrella Insurance
    • Business >
      • Business Insurance
      • Commercial Liability
      • Contractor Insurance
      • Commercial Auto
      • Surety Bonds
  • About
    • Contact Us
    • Our Team
    • Companies We Represent
    • Legal
    • Privacy
  • More Resources
    • Blog
    • Videos >
      • Renters Insurance