Subdivision bonds, or plat bonds, are a common municipal requirement for developers and builders. But in a constantly changing housing market, finding the right surety team can be a challenge.
That’s why real estate developers and homebuilders rely on Liberty Mutual Surety. With decades of subdivision bond experience, our dedicated underwriters have the skills and resources to navigate shifting markets and handle complex requirements with ease.
Private and public homebuilders, commercial developers, and land and lot developers of all sizes enjoy the benefits of our subdivision bond programs, including:
Better access to cash, lines of credit, or borrowing capacity
No automatic forfeiture in the event of a claim
Potential to minimize disputes and losses in the event of a claim
Warranty/insurance bonds for one year at no extra cost for developers who need a performance bond for required improvements
We have a streamlined and easy-to-follow Shortform Subdivision application for bonds under $350,000, and a Standard Subdivision questionnaire for bonds or aggregate bond programs over $350,000.