The City of Lumberton, Texas has a Contractor Bond requirement that certain contractor types need to purchase before work can begin. If you find yourself in need of this bond, click the button below and make your purchase in moments.
The cost of the bond is $100 annually or $10 monthly no matter what your profession is.
Bond Term | Cost |
---|---|
Monthly | $10 |
1 Year | $100 |
2 Years | $175 |
3 Years | $250 |
The bond limit required is dependent on the contractor’s profession as seen below. This does not affect Jet’s bond price which is set at the rate above.
Type | Cost |
---|---|
Building Contractor | $10,000 |
Electrical Contractor | $5,000 |
Mechanical Contractor | $5,000 |
Roofing Contractor | $2,000 |
The bond can be filed by Jet directly to the City or by the contractor. This is determined when the bond is purchased. Either way, the original bond is sent to the City at the following address below. In a pinch, Jet will email our contact at the City of Lumberton to get the permit issued quickly.
City of Lumberton
836 North Main
Lumberton, TX 77657
Unlike all other types of insurance that protect the insured from damages, the surety bond protects everyone else from the bonded contractor. This bond is required by Lumberton as a tool to protect the City and its inhabitants up to the bond limit from damages caused by contractors. This can be anything from warranty defects to driving a backhoe through someone's fence (general liability should cover this but not all contractors have that coverage).
Jet Insurance Company guarantees payment to damaged parties when the contractor is unable or unwilling to make recompense for the damages they caused. Our coverage just protects the payment to the damaged party, not the contractor. The contractor remains liable and must pay back Jet (or any other surety for that matter). We work with contractors to get this repayment made and back to working again.