HUD Manufactured Housing Installer Bonds
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What Is a Manufactured Housing Installer Bond?
The U.S. Department of Housing and Urban Development (HUD) requires manufactured housing installer bonds for licensed installation contractors. These bonds ensure that consumers and the state have minimum installation standards in place and an operating installation program.
How Does a Manufactured Housing Installer Bond Work?
A manufactured housing installer bond binds three parties in a legal contract:
- Principal: The installer purchasing and upholding the bond
- Surety: The provider issuing the bond to the principal
- Obligee: The U.S. Department of Housing and Urban Development requiring the bond
Who Needs Manufactured Housing Installer Bonds?
Manufactured housing installer bonds are typically necessary for individuals or companies involved in the installation of manufactured homes. These bonds serve as a form of protection for consumers and authorities if an installer fails to follow HUD regulations.
How Much Do Manufactured Housing Installer Bonds Cost?
The required surety bond coverage for a manufactured housing installer is either $10,000 or $100,000. If you purchase an additional liability insurance policy, you’ll only need a $10,000 surety bond. You can get a $10,000 HUD bond instantly online for $250 — no application necessary!
Alternatively, you can opt for a $100,000 surety bond and no liability insurance. Exact pricing will vary based on your credit score. Highly qualified applicants can expect a rate of 1–10% of the bond total, starting at just $1,000. Apply now for an exact quote:
How Do I Get a Manufactured Housing Installer Bond?
SuretyBonds.com provides the fastest and easiest way to get a manufactured housing installer bond. Just follow these four steps:
- Apply online at SuretyBonds.com
- Get a free quote within one business day
- Purchase your bond online or over the phone
- File the original bond form with the HUD
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Have Questions?
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