Surety Bond Encyclopedia

House Moving Contractor ($5,000) Bond - Madison, MS in Mississippi

Brief Summary

Moving a house through Madison involves city streets, city permits and a destination lot that still has to pass city rules. The $5,000 House Moving Contractor bond is the city's guarantee that you will follow its ordinances while you do it. It is priced on your own application, and the premium is a fraction of tying up $5,000 in cash.

The City of Madison, Mississippi lists a $5,000 surety bond for house moving contractors. The bond is payable to the City of Madison and guarantees that the mover will comply with the city's ordinances and the conditions of any permit issued for the work. It is filed with the city's Building & Permits Department. Confirm the current bond form and filing steps with the department before the bond is issued.

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How to Apply for a House Moving Contractor ($5,000) Bond:

  • Business name and owner name exactly as they should appear on the bond.
  • Owner contact details and consent for a credit review by the surety.
  • The current City of Madison bond form or wording, confirmed with the Building & Permits Department.
  • Payment of the bond premium.
  • Filing of the signed original bond with the City of Madison before the work begins.

Detailed Information About the Mississippi House Moving Contractor ($5,000) Bond:

The bond protects the city, and it is not the move permit

The most common misunderstanding is treating this bond as permission to move a structure. It is not. The bond is a financial guarantee to the City of Madison that you will follow its ordinances and the terms of whatever permits the job requires. Any permit for the move itself, and any permit at the destination lot, is a separate request to the city.

The destination lot has its own rules

Madison requires a building permit before a renovation, addition or accessory structure begins, and also for a ready to install structure such as a storage shed. If a structure is being set on a lot inside the city, ask the Building & Permits Department what permits and inspections the placement needs. All construction in the city must comply with the adopted building, plumbing, gas, mechanical and national electric codes.

How the bond works

You are the principal, a surety company backs you, and the City of Madison is the obligee. If the city has a valid claim against you under the bond, the surety pays up to $5,000 and you repay the surety. The amount on this listing is a flat $5,000.

Before the bond is issued

Contact the Building & Permits Department at (601) 856-6336 or permits@madisonthecity.com. City Hall is at 120 Montgomery Street, Madison, MS 39110. Confirm the bond form, the exact obligee wording and the filing steps before the surety signs the bond.

Eligibility and Requirements for a Mississippi House Moving Contractor ($5,000) Bond:

  • Bond amount of $5,000 payable to the City of Madison, Mississippi.
  • A surety company authorized to write bonds in Mississippi.
  • Any permit the city requires for the move and for placing the structure on its new lot.
  • Compliance with the city's adopted building codes at the destination.
  • Payment of city fees, which are due when a permit is issued.

Mississippi House Moving Contractor ($5,000) Bond FAQs:

Does this bond let me move a house through Madison?

No. The bond guarantees that you will follow the city's ordinances and permit conditions. Permission for the move itself comes from the city's permit process, so ask the Building & Permits Department what your job requires.

Who is the obligee?

The City of Madison, Mississippi, which uses the name Madison the City on its website and forms. Confirm the exact wording for the bond with the Building & Permits Department at (601) 856-6336.

Does the new lot need a permit?

Ask the department for your project. Madison requires a building permit for renovations, additions, accessory structures and ready to install structures such as storage sheds, and all construction must meet the city's adopted codes.

How is the premium decided?

The surety prices it from the $5,000 bond amount and your application, mainly the owner's credit and the company's track record. You pay the premium to the surety. The city does not hold a $5,000 deposit.

What happens after a claim is paid?

The surety pays the city on a valid claim up to $5,000 and then collects that amount back from you. The bond is protection for the city, not insurance for the mover.

Official and Additional Resources for the Mississippi House Moving Contractor ($5,000) Bond:

Other Madison, MS Surety Bonds in Mississippi

Air Conditioning Contractor ($5,000)Electrical Contractor ($5,000)Gas Fitting Contractor ($5,000)General Contractor ($5,000)Plumbing Contractor ($5,000)

All Mississippi Contractor bonds · All Madison, MS bonds · All Mississippi surety bonds