The Pennsylvania Turnpike Toll Surety Bond is required by the State of Pennsylvania Turnpike Commission to open an E-ZPass account if the bondholder acquires an annual turnpike usage of at least $5,000.
What is the purpose of a Pennsylvania Turnpike Toll Bond?
The 3 Parties of a Surety Bond
A surety bond is an agreement between three parties, namely the obligee, the principal and the surety company. It guarantees that the PTC will receive payment in the event the account holder defaults on payment of its invoice.
It guarantees the Pennsylvania Turnpike Commission that the bondholder, or Principal, will pay the full amount of any invoice they receive from the Turnpike Commission within thirty days of the invoice’s postmarked date.
In order to find out the cost of the surety bond, all we need is the completed application. Surety1 has access to the best surety markets available, so we will be able to get you bonded quickly at the best possible price.
How do I obtain a Pennsylvania Turnpike Toll Bond?
Surety Solutions Insurance Services, Inc can provide you with the bond that you need. The process is easy and all of it can be done in no time. All you need to do is complete our easy to navigate, online application form and wait for one of our surety experts to contact you with a quote. Simply make the payment and sign some paperwork and we will mail you your Pennsylvania Turnpike Toll Bond soon after.
We have been issuing surety bonds since 2003 for all 50 states. We not only offer the fastest processing time but our rates are also among the lowest in the industry. This is made possible by partnering with several surety markets.
You can trust us here at Surety1 as we are even rated A+ by the Better Business Bureau.