Virginia Travel Club Bond |
AmeriPro Surety Bonds | 844-589-9732
Travel Clubs – Virginia
Travel clubs operating in Virginia are regulated by the Virginia Travel Club Act. A condition of licensing by the state Commission is that evidence of a surety bond must be filed.
AmeriPro Surety Bonds offers the Virginia travel club bond for both first time company licensees and renewal licensees.
Virginia Travel Club Bond: Determining the Amount of Surety Bond Required
The amount of the Virginia travel club bond required of your company is determined by the number of active travel club contracts.
The breakdown for the surety bond amount required is as follows:
- Up to 1500 contracts – $60,000 surety bond
- 1501-1750 contracts – $70,000 surety bond
- 1751-2000 contracts – $80,000 surety bond
- 2001 and more – $100,000 surety bond
The Premium, or the Cost to You, and this Surety Bond’s Duration
As an applicant for the Virginia travel club surety bond, the cost to you will be determined by the following:
- The amount of the surety bond required;
- Information that you provide on your surety bond application;
- Your credit score.
As part of the underwriting process (this refers to the process which determines whether or not the bond will be issued and the cost to you for issuing the bond), you may be asked to provide information regarding your financial standing (or that of your company).
This may be particularly the case with higher surety bond amounts.
The Surety Bond’s Duration
Once issued, the Virginia travel club bond will be active for one year from the date of issuance; thereafter, the bond will expire and need to be renewed.
Renewal of the travel club bond, depending on any changes in the number of active contracts at that time, may or may not require a different surety bond amount.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court, and fiduciary surety bonds throughout Virginia.
Our surety bonding agency also provides surety bonds nationwide.
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