A Cemetery Performance Bond - Mausoleums or Below-Ground Crypts is required when a cemetery in Florida offers spaces for sale in a mausoleum or below-ground crypts prior to construction.
The cemetery agrees to complete the construction in accordance with the Florida Statute requirements and in accordance with the drawings and specifications submitted in the building plan. The cemetery shall promptly and faithfully perform the contract. The cemetery may not sell spaces until the bond is delivered to the Department of Financial Services.
Florida's Board of Funeral, Cemetery and Consumer Services determines the bond amount. Licensees with no liabilities have a minimum amount of $250,000. If the licensee has existing liabilities that are secured by a trust fund account, the bond will be at least $1,000,000.
The premium that you pay for a Florida Cemetery Performance Bond is dependent on the bond amount needed, personal and business financial statements and construction/building plans. Call our Surety Bond Specialists for a free, no-obligation quote.
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