What are Mobile Home Manufacturer Surety Bonds?
A Mobile Home Manufacturer Bond is often needed by a business who manufactures mobile homes. These bonds are usually required to become a licensed business in your state. In most cases, they protect your customers from harm caused by not following a state rule. For example: Florida’s mobile home bond form protects customers from fraud by the manufacturer or dealer.
Why do I need a Mobile Home Manufacturer Surety Bond?
Your company will most likely need this bond because your state requires it. States require mobile home manufacturer bonds before a license can be issued to your company. They’re a type of industry specific guarantee called license bonds. The goal of this and most other license bonds is to protect the consumer from harm.
Who benefits from my surety bond?
The beneficiary or “obligee” is usually your customer or client. However, these bonds can also benefit the state department which governs the mobile home manufacturer industry in your state. Regardless, your company does not benefit from the bond. Surety bonds are not insurance and you’re responsible for reimbursing the surety company for their losses.
How much will my Mobile Home Manufacturer Bond cost?
Mobile Home Manufacturer surety bonds aren’t expensive. Your bond cost depends primarily on your personal credit score. High credit scores allow for a cost of 1-2% of the bond amount needed. Lower credit score pricing generally starts at 3% of the bond amount needed. For example: A $10,000 bond could cost $100-200 for someone with good credit but would be more if their credit score was lower. Your experience, company’s age, and other information can also help lower your cost
How do I apply for a Mobile Home Manufacturer Surety Bond?
- Complete our online Mobile Home Manufacturer Surety Bond application, or
- Download and complete our printable Mobile Home Manufacturer Surety Bond application, and
- Receive your surety bond quote in minutes!
How long does it take to get my bond?
In most cases, you can get a mobile home manufacturer bond the same day you apply for it. You can use our online application and get a quote in a few minutes. You’ll then need to pay for your bond and email us your signed agreement. One of our customer specialists will then email your bond to you. We’ll also deliver your original bond to your address as fast as the next business day.