Subdivision Bonds
Depending on local statutes, developers or contractors working on residential or commercial real estate projects may be required to provide a subdivision bond to guarantee they will meet their performance obligations on public improvements. These bonds may also be referred to as site improvement bonds, plat bonds, developer bonds or completion bonds.
Underwriting Subdivision Bonds
Merchants' Specialty Solutions team applies common sense underwriting solutions for subdivision bond requests by utilizing flexibility in pooling business assets and personal assets to provide program limits for developers. Our unique combination of expertise and tools designed specifically for subdivision bonds makes us a ready market. Our agent partners and their developer clients can expect an easy efficient process.