I applied for a $50K Mortgage Surety Bond through the Surety Group. I was approved for a bond and the premium was going to be $9800 for an 18 month bond. I then added a cosigner with a 785 credit score and was told the bond would now only be $6000 for the premium but the term would only be 6 months. When I called and asked for Sam they hung up on me twice. When I called the third time he finally picked up the phone. When I asked him to explain the difference in premiums and length's of time on the bonds to me he told me that he doubted my character because I was asking him to explain the difference! I then told him that maybe he didn't understand my question so I decided to ask him again. He then told me the ball was in my court and for me to make a decision. I told him that I want to make a decision but I would need for him to clarify the differences to me so I could. Then he said how about I just don't offer you any bond!!! I said WHAT? He said, Yea. Then hung up on me!
Since then, I've been approved for a bond through another company for $1150. An $8650 difference!
This company is a joke and I highly recommend NOT using them. I've made official complaints to the BBB, The Metro Alliance of Independent Insurance Agents, and The Georgia Insurance Commissioner.
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