How much does a public adjuster bond cost in New Jersey?
Public adjusters in New Jersey must post a surety bond in the amount of $10,000. You can get a New Jersey public adjuster bond instantly for just $100 when you choose SuretyBonds.com. No credit check is required, so everyone qualifies for the same low price!
Simply click the Buy Now button below to visit our secure payment portal to purchase your bond online today.
|Bond Type||Bond Amount||Cost|
|$10,000 Public Adjuster Bond||$10,000||$100|
Why do I need this bond?
New Jersey public adjuster bonds ensure that principals (public adjusters) abide by the provisions stated in the N.J.S.A. 17:22B-1 et seq. Under this bond, principals are required to perform all tasks as promised in their contracts and pay all taxes and fees owed to the state. If a principal violates the terms of the bond agreement and a consumer is harmed, the surety will cover all damages up to the full bond amount. The principal must then compensate the surety for any financial loss.
What’s the fine print?
New Jersey public adjuster bonds are required by the Commissioner of Banking and Insurance. This specific bond is continuous until canceled. If the surety wishes to cancel this bond for any reason, 30 days’ written notice must be given to the state prior to the termination date.
How to become a public adjuster in New Jersey
To become a licensed public adjuster, you must:
- complete an electronic fingerprinting process
- provide an exam score report
- furnish 2 passport-sized photographs
- obtain a surety bond in the appropriate amount
- pay the $70 fee ($50 licensing fee; $20 processing fee)
- and more
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