This form may be completed and used by a subcontractor or supplier who has not been fully paid on a project and is seeking payment from the surety (insurer) under the terms of a payment bond. In construction, a payment bond is a bond on the general contractor to ensure payment to subcontractors and suppliers.
Bond Claim Letter Example With Insurance Company
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Multi-State
Control #:
US-CONST3
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Word;
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Description
How to fill out Bond Claim Notice?
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FAQ
Filing a Bond Claim The consumer will contact the surety directly to engage this process. Claims against a surety company may be filed by homeowners, any person damaged by a willful and deliberate violation of a construction contract or by employees damaged by the contractor's failure to pay wages.
Consumers must file surety bond claims with the surety company that wrote the bond within specified time frames. The CSLB does not process claims against surety companies. Surety companies will investigate any claim filed against a bond, and the CSLB will investigate any complaint filed against the license.
Report a fraudulent or unregistered contractor online, or call the Report-a-Fraud line at 1-888-811-5974.
In defending claims brought against them by obligees, sureties commonly assert the overpayment defense to reduce their damages. Some courts presume that an overpayment or prepayment is enough to justify a discharge of the surety without any proof concerning prejudice.
How to File a Bond Claim in WA Step 1: Send a Preliminary Notice to the Contractor. ... Step 2: Send a Notice of Intent to the Contractor for a Bond Claim in Washington State. ... Step 3: File a Payment Bond Claim. ... Step 4: Enforce the Payment Bond Claim.
