Get Bonded
FIND US EMAIL US
Tap to Call
1-877-213-4545

EXCESS CONDOMINIUM DEPOSIT INSURANCE

 

Ai Surety Bonding offers insurance for deposits that exceed the TARION warranty protection of $20,000 for condominium homes and $40,000 for freehold homes as well as projects such as condominium conversions and commercial condominiums.

 

Condominium Deposit Insurance is paid as a one-time premium or on an annual basis when deposits are released from a trust. The cost depends on the size of the facility, the duration of construction security being offered, and financial strength of the developer. Besides the annual premium, you may expect to pay legal costs associated with the set- up of the trust account and/or the mortgage, a legal opinion with regard to title and corporate matters.

 

Approval for an excess deposit insurance facility may be given at the same time the TARION bond is approved. Generally, an excess condominium deposit insurance application can be processed in a reasonable time frame and terms and condition letter can be sent for your acceptance in a period of 2 to 5 days as long as you deliver all necessary documents and materials.

 

See also: Developer Surety

INSTANT QUOTE

Quote, Applications and Instructions emailed to you Instantly. Unsure? Email Us. * Denotes a Required Field.

Have a question or wish to discuss with one of our trusted staff?

WHAT SURETY BOND DO YOU REQUIRE?

 
We are dedicated to the highest standards of service, leading to long-term and long-lasting business relationships,
as well as mutual growth and success.

 

UNSURE? HAVE QUESTIONS?

Let us help guide you through the surety bond Process.

 

CONTACT US NOW