Seller of Travel Bond
What is a Seller of Travel Bond?
A Seller of Travel Bond is a bond that is required of licensed Travel Agents that sell travel, airfare, or vacation packages to the general public and/or corporations. In order to become a travel agency, Travel Agents must adhere to the states guidelines for operating a travel agency as a condition of their license.
How does a Seller of Travel Bond Work?
This type of Surety Bond guarantees that the licensed Travel Agent supplies travel and travel related services such as vacation or travel packages that include hotel accommodations, airfare, car rentals, food & drink packages, etc. to their clients, while agreeing to pay the actual company providing the service their portion of the costs/fees due to them. It also guarantees that the Travel Agent will utilize the required forms and systems by the individual state’s guidelines for reporting revenues. The ultimate obligation is made to be sure the Travel Agent pays what they owe to the providers, ie: hotels, airlines, car rentals, etc. This bond type is referred to as a Financial Guarantee Bond.
How much does a Seller of Travel Bond Cost?
The cost for a Seller of Travel Bond is typically based on the credit history of the owner of the travel agency. These bonds are considered Financial Guarantee Bonds so they tend to be a bit more expensive. Should an account be considered borderline, we may need to review personal financials, business financials and even a resume of the owner. At Universal Service Agency we specialize in placing clients in any circumstance that may present itself from “superior credit” to “less than perfect credit” and everything in between.
How do I get a Seller of Travel Bond?
You can get a Seller of Travel Bond by contacting surety bond agents/brokers. Since you’re already here, you can give us a call at 215-646-2400 or Apply Now here.
How to Choose a Bonding Company?
Universal Service Agency offers Surety Service Made Simple. We are the fastest surety only agency in the country, with over 100 years of combined surety experience servicing all 50 states. We exhaust all of our resources to get you the fastest turnaround times and lowest rates. We can help anyone, even clients that may not fit into the standard market. You can get a free quote here or call our bond experts at 215-646-2400.
How long does it take to get a Seller of Travel Bond?
Universal Service Agency can issue bonds the same day as long as the Travel Agent is motivated to complete all of the requirements. The amount of time between application and issuance is affected by a number of factors though, including but not limited to, the size of the obligation, the type of bond, and promptness of the premium payment.
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Universal Service Agency is the fastest “surety only” agency in the country, with over 100 years of combined surety experience servicing all 50 states.