Anyone have any experience filing against a contractor's bond
Jan 31, 2023 · The bond isn’t just some free money, it’s used to pay for the work to be done correctly, also if you have claims against your bond you are pretty much not getting …
ELI5: Surety bonds : r/explainlikeimfive - Reddit
Dec 29, 2022 · For example, let’s say a construction contractor buys a surety bond at the request of a client. If the work is shoddy and insufficient, the client (obligee) may file a claim with the …
Payment and Performance Bonds - Do you Get the Bond Money …
Jul 11, 2022 · Previous comment is correct, contractor needs a bond to guarantee completion of work by the bonding company in the event the contractor defaults. Contractor must pay for the …
Contractor’s surety bond, insurance/liability, and contract ... - Reddit
Jun 22, 2021 · Any claims against the contractor's surety bond are paid out by the surety company (for which the contractor then has to pay the surety company back). Anything …
How important is bonding when looking for a contractor?
A bond is basically insurance for the home owner paid for by the contractor. Meaning in practice it's your policy if there's something wrong with the project you file the claim with the surety …
Is it okay to ask a contractor their bond information before
Mar 18, 2022 · Don't know if bond info is something a one man, self employed contractor has. Reply reply wol • Reply reply Whydothesabressuck • Reply reply hanging5toes • Reply reply …
Contractor bond claim timeline : r/Insurance - Reddit
Sep 9, 2023 · Do you know what kind of bond it was you filed against? Some licensing bonds have the state as the obligee and only covers that the contractor follows state laws. Was it a …
Washington state Insurance and bonding : r/Contractor - Reddit
May 26, 2024 · I’m opening up my handyman business in the federal way area. Any recommendations for bonding and insurance for a new business cheaply?
Going after contractor’s bond. Need strategic tips - Reddit
May 13, 2024 · Going after contractor’s bond. Need strategic tips Long story short a drywall company I hired royally screwed us over and I’ve decided to go after their bond for the actual …
going after a contractor’s surety bond in CA : …
Apr 18, 2023 · Contractor has been unresponsive and inefficient throughout the process. What should have been a 1-2 month project has dragged out to almost a year. Have been up to my …