Author: Steve Golia

Marketing Manager for FIA Surety. Bid, Performance, Site and Subdivision Bonds. Call me at 856-304-7348

Surety Bonds: “Baby Underwriters”

OK they’re cute, I get it. Click for ambient sounds.

And I understand why Bonding Companies have them. They are cheap and plentiful. But that doesn’t mean YOU have to like dealing with a “Baby Underwriter.”

When you need to get a bond written, you don’t want to train the underwriter. You don’t want to deal with a person who can’t give you answers or approvals. Underwriters are supposed to help you get the deal done – efficiently.

That’s where FIA Surety comes in. Each of our underwriters has at least 20 years in the business, and that’s great news for you! We really know surety and how to get things done, and yes, we’re pretty cute too! Call us with your next bond.

First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
Visit us: www.fiagroup.com
We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

Surety Tongue Twister

Bet you can’t say this three times fast!!!

“FIA is my Best Surety for Site and Subdivision Bonds!”
“FIA is my Best Surety for Site and Subdivision Bonds!”
“FIA is my Best Surety for Site and Subdivision Bonds!”

Wow, you did it!

Now here’s how to recognize a Site or Subdivision Bond: Click

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
Visit us: www.fiagroup.com
We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

More Info On Home Builders Advantage

The best cure for Friday the 13th is some great news!

Home Builders Advantage is it! You finally found the bonding company that is serious about providing Site and Subdivision Bonds. We put together an info kit in response to the phone calls and inquiries. 

To bond a new project or replace an existing ILOC, call us!

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
Visit us: www.fiagroup.com

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

Hellloooo North Carolina!

First off, we are pleased to announce that our Free CE program is now approved for agents in North Carolina. Esse Quam Videri!*”

Recent comments from attendees:

  • “Steve was very thorough and provided examples and documents to review and discuss.”
  • “knowledgeable instructor; usable info”

Secondly, our last program of the year is coming up on 12/1/2020. It’s not too late to get in on the webinar “Understanding Site and Subdivision bonds.”

Sign up or watch one minute video.

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417

Visit us: www.fiagroup.com

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

*N.C. State motto translated from Latin means “To be rather than to seem…”

“Here is the outcome of the Presidential Election!”

Boy, you just can’t wait to hear those words! We’re all sick of the political ads.

So here’s a refreshing change of pace: We just completed a radio show for the Atlanta Real Estate Forum: Why Home Builders LOVE Subdivision Bonds. Click to listen.

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
Visit us: www.fiagroup.com
We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

172. Eureka! Agent Finds Gold Nugget!

It was right there all the time, and he didn’t know it!

These “gold nuggets” are missed commission opportunities within your current client base, and they’re NOT hard to find.

Some of your client’s activities must be guaranteed with a 1. Cash Bond, 2. Irrevocable Letter of Credit (ILOC) or 3. Surety Bond. Experts agree* that a surety bond is best. You can find these transactions that are not bonded, and offer to replace the existing security with a Site or Subdivision Bond. Here’s how:

  1. Search your clients for those who have added GL codes 91581, 91583 or 91585. These codes mean your client has added Subcontracting Exposures in connection with property development.
  2. Such projects may require a guarantee to the township for Public Improvements (work such as curbs, sidewalks, etc. your client is required to perform at their own expense.)
  3. If they used a Cash Bond or ILOC, they may unnecessarily tie up their cash – possibly for years! A Surety Bond can be filed to release the cash immediately, and YOU win a “Gold Nugget!

Start panning, and call when we can help. When it comes to Site and Subdivision bonds, We’re Golden! Try us!

Steve Golia
FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
Visit us: www.fiagroup.com
Cell: 856-304-7348 
Currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

*International Risk Management Institute – About Site and Subdivision Bonds

FIA: The Surety That Loves You Back

YOU LOVE US because you need at least one enthusiastic market for Site and Subdivision Bonds!

WE LOVE YOU BACK by providing Free CE Credits from the convenience of your home or office computer. Free webinar, no exam!

Need a bond? 856-304-7348

Join our 11/2/2020 free, 3 credit webinar. Approved CE provider in: FL, GA, NJ, PA, SC, TN, TX

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950

Office: 973-541-3417

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

Surety Bonds: An Irish tale, “Lynch the ILOC Slayer” Revealed

You read the ancient tale of Lynch the Mariner – summoned from the sea to defeat the ILOCs*. (Review the tale here)
Is it true, or just glorious legend? Here are the facts:
  • For more than 40 years, Patrick Lynch, founder of FIA Surety, has fought for developers and homebuilders by providing the Site and Subdivision Bonds they need. Better than an ILOC, the Subdivision Bond prevents the developers cash from being tied up for years.
  • FIA Surety actively replaces (Slayer!) existing ILOCs that developers have filed to secure their projects. We issued 25 in the last month! Developers regain the use of their cash and bank credit! This is a huge service agents can bring to their clients.
  • Protectors of the developers assets: Better than an ILOC, our surety bonds can help protect (Lynch’s shield) the developers assets from frivolous claims.
“Lynch the ILOC Slayer” Fact or fiction?  You decide!
When a Site or Subdivision Bond is needed (new or to replace an evil ILOC), now you know who to call. 856-304-7348
   *ILOC = Irrevocable Letter of Credit issued by a commercial bank.

FIA Surety / First Indemnity of America Insurance Company, Morris Plains, NJ

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

171. HOW TO Replace an ILOC with a Subdivision Bond

 

The Land Developer’s money is tied up because an ILOC* was used to secure the township instead of a Subdivision Bond. It’s not too late to fix this critical error! (Why an error?)

Here’s how to do it:

  1. Have your insurance agent contact us or the land developer can call us directly to start the process.
  2. We’ll get to know you and find out about the project.
  3. We approve the bond, and normally no collateral (security deposit) is required!
  4. Contact the planning board and request permission to replace the ILOC with a Subdivision Bond.
  5. We issue the bond. The developer’s ILOC, and the funds that back it are released!!

It’s just that simple…

Let’s go! Call FIA Surety: 973-541-3417

FIA Surety / First Indemnity of America Insurance Company, Morris Plains, NJ

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

*Irrevocable Letter of Credit issued by bank