Pennsylvania UGI Utilities Bond Overview
- Purpose: To guarantee payment for natural gas or electrical services
- Who Needs It: Certain high volume UGI Utilities customers
- Bond Amount: $1,000–$200,000; determined by UGI based on utility usage
- Premium Price: Typically 1–3% of the bond amount
What Is a PA UGI Utilities Security Deposit Bond?
Natural gas and electricity customers can file a surety bond in place of a security deposit with the following Pennsylvania utility providers:
- UGI Utilities
- UGI Central Penn
- UGI Penn Natural
Always verify your coverage requirement with UGI before buying your bond.
How Much Do UGI Utility Bonds Cost in Pennsylvania?
UGI utility payment guarantee bonds typically cost 1–3% of the total bond amount based on a soft credit review. For example, a qualified applicant might pay just $100–$300 for a $10,000 utility bond. Get your free quote now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Pennsylvania Utilities Bond Work?
All UGI utility deposit bonds create a legally-binding contract between three parties.
| Bond Party | Description |
|---|---|
| 1) Principal | You, the utilities customer/company owner |
| 2) Obligee | UGI Utilities, UGI Central Penn, or UGI Penn Natural |
| 3) Surety | The issuing surety provider |
If you fall behind on payments, the bond protects the obligee from loss up to the full bond amount. In turn, you must reimburse the surety for any claims paid out.
How Do I Get a Utility Deposit Bond in Pennsylvania?
To get this bond, submit a quick online application form. We’ll provide your free quote within one business day or less. Once all your information is gathered, you can checkout online at your convenience.
We offer next-day, two-day or three-day FedEx shipping options. Be sure to file the original, physical bond form with UGI Utilities as instructed.
Can I Get Bonded With Bad Credit?
You may still be able to get this bond if you have a low credit score. Be aware that credit score directly impacts bond pricing. The best way to see if you qualify is by submitting a no-obligation quote request.
