How much does a public adjuster bond cost in Virginia?
Public adjusters in Virginia are required to post a $50,000 surety bond with the Virginia State Corporation Commission.
SuretyBonds.com issues these bonds instantly for just $250! Get your bond safely and securely by clicking Buy Now. You will then be directed to our online bond checkout where you can purchase your Virginia public adjuster in just a few minutes.
|Bond Type||Bond Amount||Cost|
|$50,000 Public Adjuster Bond||$50,000||$250|
Why do I need this bond?
By posting a public insurance adjuster surety bond in Virginia, principals (adjusters) pledge to conduct business as a public insurance adjuster in accordance with the Virginia Code: Chapter 18 of Title 38. If the principal fails to conduct business ethically and lawfully, the bond protects harmed parties from financial loss up to the full amount of the bond.
What’s the fine print?
Public adjuster bonds in Virginia remain in effect until canceled or claimed against. However, the surety has the right to cancel the bond at any time by giving written notice. Notice must be sent at least 60 days prior to the effective date of the cancellation. During that 60-day period, the principal can still have a claim filed against them until the cancellation is in full effect.
How to become a public adjuster in Virginia
Prospective public adjusters must be at least 18 years of age, pass all required examinations, and pay all application fees to be considered for licensure.
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