Course Details

IMPROVEMENT & SUBDIVISION BONDS - "The Law of Developers" - Part 2

Claims, Markets and the Application Process

Part 2 of the Improvement and Subdivision Bond Series presented by SuretyU will provide brokers new insights into the process their developer clients must go through in order to successfully complete their projects - taking it full circle from bare land to the sell out of homes or commercial structures.  By providing an overview of the limited markets for these bonds, as well as common claim types, you will understand why there are so many documents required during the application process and why this can be a high risk bond type for some.  As the course navigates through sample applications and the attachments, you will see actual documents and clear explanations as to why each  is important to the underwriting process.  

This course includes a discussion of the various types of business formation types common in this arena, as well as the types clients and developments and the differing bond requirements.    Ownership and land title issues are brought full circle to show how simple mistakes in asking the wrong party to post these bonds can have a serious financial impact to the many participants in this process. 

Once you have completed Part 2 of this series, your knowledge on how to best counsel your clients that need this type of surety bond will be vastly superior to most of your competitors.  You can expect your client's bonds to be approved more quickly than most, and you can demand the best rate options.  

We also recommend that you complete Part 3 of this series to gain the full knowledge of this class of surety bond and truly set your self apart from your peers.   Your clients that need this type of bond will appreciate your expertise and guidance with not only Improvement Bonds, but also the assorted ancillary bonds common to this industry.