Mississippi Manufactured Home Bond
AmeriPro Surety Bonds | 844-589-9732
Manufactured Homes – Mississippi
In addition to the manufactured home bond required of Mississippi mobile home manufacturers, our agency also provides bonds for the following related categories. The bond amount available for all categories is either:
- Or $50,000 surety bond.
What we state below as to the premium and, again, surety bond amounts, applies across all categories in Mississippi:
- Manufactured home developers;
- Manufactured home installers/transporters;
- Manufactured home manufacturers or modulator contractors;
- Manufactured home retailers.
Amount of the Surety Bond
The amount of surety bond — $25,000 or $50,000 is determined by as follows:
The surety bond amount is a minimum $25,000 bond; however if you have 3 or more facilities, you require a $50,000 surety bond.
Before contacting our agency, any questions about the surety bond amount you require should be directed to Mississippi Insurance Department at 601-359-1061.
Qualifying and the Premium
Qualifying for the $25,000 or $50,000 Mississippi manufactured home bond involves completing an application — which we can begin with you over the phone – but which will require your signature and that of a witness.
There is also a credit score inquiry. You will need good credit in order to qualify through our agency.
If approved for this bond, the premium is 1% of the amount required:
- The $25,000 bond amount will have a $250 premium;
- The $50,000 bond amount will have a $500 premium.
Once the premium is paid, our agency issues this bond to you immediately. The original bond, which we will sign as Surety and you as Principal will be sent to you by the following business day at the latest.
Additional Premium Payment Options
At $250 or $500 premium, your manufactured home bond is issued for a standard term of one year. Thereafter, the surety bond and the premium renew. Our agency also offers you the ability to prepay your bond up to 3 years, thereby saving you annual renewals.
The premium prepayment options are as follows:
– $25,000 surety bond amount –
- If prepaid for 2 years, the premium is $450, a $50 savings;
- If prepaid for 3 years, the premium is $650, a $100 savings.
– $50,000 surety bond amount –
- If prepaid for 2 years, the premium is $900, a $100 savings;
- If prepaid for 3 years, the premium is $1300, a $200 savings.
Purpose of Your Surety Bond Requirement
The purpose of this bond is a financial guarantee which ensures your compliance with Title 75, Chapter 49 of the Mississippi Code; as also related statutes from the state’s Insurance Code. As prinicpal for this bond, you are responsible for any claims — if such were to ever occur — to be paid by the Surety.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit bonds throughout Mississippi and nationwide.
Please call our agency today at:
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