ISSUES WITH REACHING INITIAL BOND AGENT
In the past few years, we have received numerous inquiries from clients who are unable to reach the agent who initially issued their bond. This could be due to various reasons such as retirement, relocation or the insurance carrier discontinuing certain bonds or products.
COMPLICATIONS WHEN SWITCHING BOND CARRIERS
When a probate bond carrier issues a bond, they are obligated to be on it until the end of the case, or until the Judge orders the bond to be discharged. This makes matters complicated when the initial agent and carrier are unable to assist for any reason. Any new insurance carrier that takes over will need to be released from any previous bond liability to avoid being responsible for claims prior to the issue date. I must emphasize that I am not an attorney, and I am not aware of all the legal implications and complexities involved. However, I do know that applications to switch bond companies are rarely approved, as it can be akin to a game of hot potato.
FINDING A NEW BOND AGENT OR BONDING COMPANY
When it comes to finding a new estate or guardianship bond company, our agency can offer multiple options in-house, since we write a significant number of probate bonds. Additionally, we collaborate with several bonding brokers who may be able to assist in more challenging situations. We have helped many new clients switch to an alternative probate bond carrier after they were unsuccessful in obtaining an increase through the previously mentioned probate bond insurance carrier.
How to transfer a probate court bond
Our agency issues more probate court bonds in a week than most agents do in a year. We offer online applications, quick response times, and the best pricing available. Apply online for a probate bond or Download PDF Probate Bond Application. If you have an existing bond with another agency and need service, we might be able to help. We have access to most major bond companies. The best thing is to contact us first before submitting the application so we can review and help evaluation the situation.
