Montana Seller of Travel Bonds

Bond quotes for seller of travel bonds are offered as a percentage of the total bond amount. They are paid for upfront on an annual basis, with an option to renew bond coverage each year. Due to the fact that these bonds are a form of financial guarantee, many bonding companies approach them more cautiously than other compliance bonds.

Applicants with industry experience and strong personal credit can be approved at standard market rates ranging between 1 to 3% of the bond amount. For customers with no experience or bad credit, rates are usually a little higher to account for the risk. Fortunately, Lance Surety offers exclusive bad credit programs that allow us to offer very aggressive rates, which at times can be roughly half of what most other bond agencies are able to offer.

First, simply apply for one. You can receive a free quote in just minutes by applying on our 100% secure website application. Once you’ve been approved, you’ll just need to pay your bond premium and provide a signed copy of the surety’s indemnity agreement, which will be emailed to you with your quote. When the original bond is mailed to you, you’ll just need to sign it and then submit it to the state department requiring you to be bonded. It’s that simple!

With our agency, Yes! While our standard market rates are very low, our competitive advantage is being able to bond almost any travel agent, with very few exceptions. While bad credit rates are naturally higher than for those with stellar credit, Lance Surety has exclusive high risk programs that will help save you money.|| To learn more about our about how we can save you money, view our section on Bad Credit Bond Programs.

As a bonded seller of travel, you are responsible for correctly distributing any funds received in the process of booking vacation packages and other forms of travel. To avoid bond claims, take action to ensure booking funds are paid to the appropriate entities in a timely fashion. Additionally, you’re responsible for understanding Montana statutes and regulations governing the sale of travel, and must avoid misrepresentation or other fraudulent practices.

Seller of Travel Bonds are typically underwritten based solely on the personal credit of the owner. However, if you have bad credit, it may be possible for you to help lower your bond rate by providing additional information. One method would be to demonstrate your industry experience by submitting a professional resume. Another would be to demonstrate financial strength and liquidity by providing personal and business financial statements, or proof of cash on hand.