What Is a Warranty Bond?

What Is a Warranty Bond? from Prosure Group

By: Prosure Group  01/11/2016
Keywords: Performance Bonds, Construction Bonds, Payment Bonds

A warranty bond provides a guarantee that a contractor, developer, or supplier, will solve all warranty issues within the warranty time. Many products and services come with a warranty promising everything will continue to function properly for a specified length of time. Should something cease to function prior to the end of the warranty time, it will be repaired, replaced, or refunded. Warranty bonds provide the project owner a guarantee that they will be protected in the event that a contractor, developer, or supplier fails to live up to their obligations under a warranty. You can learn more about Warranty Bonds at https://prosuregroup.com/bonds/warranty-bond/

Keywords: Construction Bonds, Contract Bond, payment and perfomance bonds, Payment Bonds, Performance Bonds, prosure group, warranty bond, Warranty Bonds, Warranty Surety Bond,

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