MK Insurance

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(205) 822-7413

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Right of Redemption Bond Process

Title Agent Information:

First bond being quoted

Information

Agency Address
i. Traditional mail ii. Fedex iii. Pay electronically via secure ACH payment option

Redemption Bond Information to provide a Bond Quote

Bond Under $250,000

Address of the property being sold
Address of the indemnitor
Experienced any prior or pending losses, been declined by another surety company, or had a bond(s) non-renewed?
Had any unresolved litigation or judgments against them?
Failed in business or declared bankruptcy in the past seven years?

Obligee Information

Legal Address for Title Company
MM slash DD slash YYYY
i. Enter required bond amount from title company.
i. Ex for Alabama the rate is $10 per $100 ii. Bond amount of $100,000 - $1,000 in bond premium. iii. Calculate up to $250,000 (if over $250,000 must submit for approval). Calculate ballpark premium but disclose full application required for approval.

DISCLAIMER

We will process and issue the bond up to 24 hours prior to closing unless notified prior to that there is a delay in closing. Once bond is issued we will not move the bond dates to accommodate new closing date. If the closing does not happen then we will cancel the bond flat and no premium will be owed.

Contact Us

MK Insurance
421 Emery Drive
Suite 100
Birmingham, Alabama 35244
Get Directions
Ph (205) 822-7413
Fax (205) 314-2071
info@mkinsure.com

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