877-654-2327 All New Surety Bonds

877-930-8127 - Renewals Department
Surety1 was Founded in 2003.  Low-Cost Bond Provider.  Over 150,000 Happy Customers and Counting!   Find Your Bond >

Performance Bond Demand Will Increase from Hurricane Sandy




Experts are predicting the total loss from Hurricane Sandy to from $30 billion to $50 billion with insured losses of $10 billion to $20 billion.  Damage to homes, businesses and business interruption insurance will be the majority of the insured losses.  A big portion of the non-insured loss will be damage to infrastructure and other non-insured public facilities.

Rebuilding  the public infrastructure and facilities will require performance and payment bonding.   While not to make light of the human cost of the storm; the storm will result in a much needed shot in the arm to the construction industry in the affected regions.

If a contractor wants to take advantage of the coming influx in public works projects as a result of the storm, securing a bond line is a good place to start.  Hire a surety bond agent, start getting your financial information together, and get pre-approved for the surety bond line.  That way, when the post Sandy repair work starts to be released  you will be ready to pursue it.

 




Apply to Get Your Surety Bond Now

Get started with the bond application process today.

Most bonds are fully processed within 1-2 business days. In some cases, you'll hear back from Surety1 within hours!



Leave a Reply

Your email address will not be published. Required fields are marked *