Florida Cemetery Construction Contract Performance Surety Bond
A Cemetery Performance Surety 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 surety 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 surety bond amount of $250,000. If the licensee has existing liabilities that are secured by a trust fund account, the surety bond will need to be at least $1,000,000.
How Much Will This Bond Cost?
The premium that you pay for a Florida Cemetery Performance Surety Bond is dependent on the bond amount needed, personal and business financial statements and construction/building plans. Our rates start at 3% of the bond amount with good credit. Call our Surety Bond Specialists for a free, no-obligation quote.
Related Links:
Florida Statutes: Funeral, Cemetery and Consumer ServicesFlorida Performance Bond for Mausoleums or Below-Ground Crypts
More Surety Bond Questions?
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
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