A deferred deposit occurs when a payment is made in advance of the delivery of goods. The bondholder, or deliverer, is required to have this bond to protect the interests of the buyer, who can claim the bond if the goods are not delivered according to specifications. The premium on this bond is generally as low as 2%.
To Get a California Deferred Deposit Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.