Alabama Manufactured Housing Bond |
AmeriPro Surety Bonds | 844-589-9732
Manufactured Housing Commission – Alabama
The Alabama Manufactured Housing Commission licenses and regulates more than just manufactured housing. Related avocations are also included. These include installers, and retailers of manufactured homes.
All three professions also require evidence of surety bonding.
The breakdown for the surety bond amounts are as follows:
- Manufactured housing – $25,000 surety bond;
- Installers of manufactured houses – $20,000 surety bond;
- Retailers – $25,000.
In your entire licensing or renewal of an existing license process, our agency is confident that obtaining this surety bond will be both the easiest and quickest part.
The Alabama manufactured housing bond in whatever amount is just 1% annually.
Qualifying is by completion of a surety application and payment of the respective premium: The $25,000 bond for manufactured housing or retailers will have an annual premium of $250; installers will pay $200 annually.
There is neither a credit score check nor an underwriter review for this surety bond.
After the completion of the application (our agents can accept the application from you over the phone) and payment of the required premium, the manufactured housing bond is issued to you immediately.
Upon payment of the premium, a copy of the bond can also be emailed to you at no additional charge. The original surety bond – which you are required to sign as Principal — will follow in the mail the same or the following business day.
Advantages of Prepayment of Your Premium
An Alabama manufactured housing bond is issued with a standard term of one year. AmeriPro Surety Bonds offers you the ability to prepay this bond for 2 to 3 years. There are two advantages in doing so.
The first is a greater interval between renewal periods. The second is that doing so offers a savings over year to year renewal of your surety bond’s premium.
The premium amounts are as follows:
– $20,000 surety bond –
- Prepayment for 2 years is $360, a $40 savings;
- Prepayment for 3 years is $520, an $80 savings.
– $25,000 surety bond –
- Prepayment for 2 years is $450, a $50 savings;
- Prepayment for 3 years is $650, a $100 savings.
Purpose of This Surety Bond Requirement
This surety bond protects buyers of manufactured homes from the failure of a manufacturer, installer, or retailer to comply with all relevant laws concerning manufactured housing, which in turn causes harm or loss to the buyer.
As principal of this surety bond, you are required to indemnify the surety for any claims paid against your bond; however, the aggregate total of such claims will not exceed the amount of the surety bond.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, notary bonds, and fiduciary surety bonds throughout Alabama.
Our agency also provides surety bonds nationwide.
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