Maintenance Bond

A maintenance bond is used to cover maintenance of the completed work performed under the performance bond after the owner accepts the job. A maintenance bond is a type of construction or contract bond used by contractors or construction companies to guarantee against defects for finished projects according to the contract agreement. This bond has a time line and therefore is limited in protection and scope and therefore shall be considered a temporary guarantee and is not a substitution for more coverage such as insurance.


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LSJ Insurance Agency Inc., Insurance Agency, Maitland, FL