Credit Based Surety Apps: Q&A

Q. WHAT IS a credit based surety app?

A. These are short applications bonding companies use for bid and performance bonds that meet certain requirements.

Q. What are the typical criteria?

A. Contracts that are eligible for this approach are usually “plain vanilla:” Not too long or complicated, not too big, normal work for the client, in a favorable location, etc.

Q. What’s the advantage of using such apps?

A. The underwriting process is based on the quality of the applicant’s personal credit report, plus a few key underwriting questions. This method avoids having to gather all the normal bonding stuff.

Q. Are all these “quick” apps the same?

A. To a degree, yes. However, will the processing be both quick and easy? The program is not beneficial if you can’t get an answer when you need it…

FIA Surety’s FASTAPP includes a service standard: Submit our completed short form app and get a SAME DAY RESPONSE! How can you lose? And with a fast response, you’ll probably win the business!

Get it: FASTAPP by FIA Surety

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417

P.S. Check out our upcoming Free CE schedule here!

Follow this BLOG in the upper right hand corner for more cool bond stuff

Surety: Wants It NOW!

All right, calm down…

You need a Bid or Performance Bond and you made a mistake. You used the “Quick ‘n EZ” bond app, but you didn’t know it is the “Quick ‘n EZ and SLOWbond app!

You need our same day service promise. Send in a completed FIA FASTAPP and get a same day response. We Promise!

So dry your tears, click for the app and let’s go!

Use the FIA Surety FASTAPP for Bid and Performance Bonds up to $500,000.

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417

P.S. Check out our upcoming Free CE schedule here!

Follow this BLOG in the upper right hand corner for more cool bond stuff

Surety: Hollow Promises

“Easy” bonding apps: They promise to be great… But they are missing one thing: Time standards. WHEN will you get an answer? That’s the missing piece.

OK, here come the fixers. Your best problem solving surety now goes on record with a same day service standard. That’s right! Send in a completed FIA Surety FASTAPP and you can expect a SAME DAY RESPONSE.

There. We said it.

Get our FASTAPP for contract bonds up to $500,000 Click!

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417

P.S. Check out our upcoming Free CE schedule here!

Follow this BLOG in the upper right hand corner for more cool bond stuff

Cyber Attack Cure

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Cyber Attack giving you a sick tummy? Can’t get a bond you desperately need?

Here’s the cure: FIA Surety is ready to go. Call us right now for Site and Subdivision Bonds. We love ’em!

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
Visit us: www.fiagroup.com
We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN, FL, GA, AL, OK, TX

Subdivision Bond Question

Why would you make your clients pay 1.9 or 2+% for Subdivision Bonds?!!

FIA Surety is your go-to market for Site & Subdivision bonds.

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
Visit us: www.fiasurety.com
We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

Big News from the FIA Surety Free CE Program

The FIA Surety School is happy to announce that we have just added Virginia to our list of accredited states! Now VA resident agents can participate in our Free CE program. If you missed our 3/1/21 webinar on Site and Subdivision bonds (our specialty!), here are a few of the comments:

* Enjoyed the class. Very informative.
* Thanks for providing a better understanding of this class of bond.
* Thank you for all of the information. Please send me an email for the next course.

In addition to adding Virginia, we also have a new 3 credit course specifically for NC resident agents. Upcoming webinar dates are 4/1/21, 5/3/21 and 5/12/21. For more details and to register, visit the Free CE blog.

FIA has been writing Site & Subdivision bonds for Home Builders and Developers for over 40 years.  Call us with your next one!

FIA Surety / First Indemnity of America Insurance Company, Morris Plains, NJ
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

Free CE Webinar: 3/1/21

There’s still time to join our FREE Continuing Education webinar on 3/1/21. Subject is “Understanding Site and Subdivision Bonds Webinar” (3 CE credits)

You attend from your home or office computer (Zoom meeting) Free credits, no exam!

Register here: https://fiasurety.blog/2020/08/16/free-ce/

Forward this to your colleagues.

Approved CE provider in: FL, GA, NC, NJ, PA, SC, TN, TX

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

Land Developers Eat Cake?

When it comes to land development, HAVE your cake and eat it, too! 

Posting ILOCs eats into a developer’s bank line of credit. An FIA Subdivision Bond preserves the available bank line for better purposes.

Call us to bond a new project or to replace an existing ILOC on file with the township.

We’re waiting for your call. FIA Surety: 973-541-3417

FIA Surety / First Indemnity of America Insurance Company, Morris Plains, NJ

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

Surety: Get-what-you-pay-for

Normally, we would agree with this statement.

Good news: Some things are excellent AND free (as in you don’t have to pay for it.) Our Free CE classes are an example.

Actual comments from our 2/1/21 class:

“Great webinar!”
“Good info. Easy to follow.”
“Before this I knew nothing about bonds. Now I sort of understand.”
“Great job, Steve!”

More good news: There is a class coming up on 3/1/21. That’s three CE credits in our approved states, and no charge! These webinars are provided by FIA, your best surety for Site and Subdivision Bonds.

Click here to register.

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
Visit us: www.fiagroup.com
We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

Trade Gamestop?

Ok this looks like fun!!!  

The stock market is going bonkers and folks are upset.  Why?  Because we all like stability, predictability and other “…ilities.”

We want it in a bonding company, too. It’s disruptive when the appetite changes and markets disappear.

Check out FIA Surety the next time you need a site or subdivision bond. For more than 40 years we’ve been a steady and reliable source – a firm supporter of the home building industry.

We know how to get site and subdivision business done. Call us with your next one!

First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
Visit us: www.fiagroup.com
We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX