Our team always recommends renewing every surety bond as soon as possible once you've received the renewal invoice for your bond's next term.
Renewing your bond early ensures you and your obligee bond holder have plenty of time to verify your bond will remain active for the next term. Renewing your bond early won't affect the coverage you already have or change the expiration date in any way. Your current term will run through its expiration, and the new term will pick up where it ends.
Surety bonds should always be renewed at least 30 days before the new term starts to avoid potential licensing problems such as a lapse in coverage or late fees.
If you do not renew your bond during its renewal period, your market will cancel your bond before the new term is set to begin according to the bond's cancellation notice.
Whenever you're ready to renew, you can pay your emailed renewal invoice online 24/7.
If you have questions about the renewal process or need help renewing a bond at this time, call 1 (800) 308-4358 or email email@example.com, and one of our friendly representatives will walk you through the next steps.