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Home >> Bonds


Businesses often need money to launch or expand; if the amount needed exceeds what a bank is willing or able to loan a company, bonds can be a great way to acquire necessary funds.

To understand bond insurance, we must first know what a bond is: in finance, a bond is an instrument of indebtedness of the bond issuer to the bind holder. In other words, an investor loans money to an individual, company, or other entity for a defined period of time at a fixed interest rate. In a nutshell, a bond is a special form of a loan.

Bond insurance, also known as financial guaranty insurance, is an insurance policy that a bond holder can purchase in order to guarantee repayment of both principal and interest in the event that the bond issuer defaults. Bond holders may pay an insurance company a lump sum or installed premium so that the insurance company promises to repay what the bondholder could not.

Bonds and bond insurance can be a tad confusing, but our agents at Brevard Insurance will explain all the details to you so you know all the ins and can make informed decisions. Give us a call at (321) 783-2404 . and we will gladly advise you in all things bond insurance.