A Surety Bond, or Utility Bond is sometimes required as a cheaper alternative to putting down a cash deposit when purchasing utilities from a Florida Utility Company. The TECO Tampa Electric Company, for example, will accept this surety bond, also known as the Florida TECO Tampa Electric Utility Bond.
Apply with Surety1 to get a free, no-obligation quote for the price to obtain this bond!
What is the purpose of a Florida TECO Tampa Electric Utility Bond?
In Florida, utility companies require an initial deposit when providing services to customers, as a form of financial guarantee in case the customer fails to pay their utility bill. This surety bond is a form of this financial guarantee. The bond essentially protects the TECO Tampa Electric Company from any potential losses due to a client’s failure to pay.
What is the amount of this bond?
The amount of the initial deposit, or surety bond, must be twice the amount of the estimated monthly bill. The cost to obtain the bond, however, will only be a small percentage of this bond amount. This is why obtaining a Florida TECO Tampa Electric Utility Bond is a cheaper alternative to putting down a cash deposit of the full two months electric bill.
More information regarding Florida TECO Tampa Electric Utility Bond can be found on their website.
Where can I get a Florida TECO Tampa Electric Utility Bond?
In order to obtain this bond, simply fill out our free online application! One of our licensed agents will contact you within one business day with a quote for the price to obtain your bond (the “premium”). If you choose to move forward after receiving your quote, we will have you sign any necessary paperwork and remit the premium payment, at which time we will ship your Florida TECO Tampa Electric Utility Bond to you via USPS Priority Mail (with overnight shipping options also available).
Why choose Surety1?
At Surety1, our agents work with over a dozen “A” rated surety markets to ensure we are finding you the lowest price for your bond. We’ve been issuing surety bonds since 2003 and our quality, reliable service has led us to an A+ rating by the Better Business Bureau! Licensed in all 50 states.