Blog
What is a Probate Bond?
When a loved one passes away, their estate may go through a legal process called probate. Probate is designed to ensure that the deceased person's debts are paid, and their assets are distributed according to their wishes or state law. One aspect of the probate...
What is an Appeal Bond?
Surety bonds are an essential aspect of many industries, providing a guarantee that a party will fulfill its obligations. Appeal bonds, also known as supersedeas bonds, are a type of surety bond used to stay enforcement of a judgment pending appeal. In this blog post,...
Is it a clip or a clp or a scrip?
At Lexington National Insurance Corporation, we’re experts on providing insurance for service contract providers. So, we get lots of questions from those who are thinking of getting in to the service contract business, or for those who have never delved in to the...
Lexington Nationals Contract Surety Rapid Express Program Helps Agents Save Time
Have you ever gone back and forth with a surety underwriter to get a relatively small surety bond approved? Lexington National has developed a Contract Surety Rapid Express program that allows agents to quickly obtain approvals on contract surety bonds $750,000 and...
Service Contract Provider Bonds
Have you ever purchased a service contract (sometimes referred to as an extended service plan or extended warranty) for your home, car, or consumer good? Most states regulate sellers of service contracts and require that the entity selling the contract has adequate...
Lost Instrument Surety Bonds
Lost instrument surety bonds are typically required when a financial certificate is lost or stolen. The reason that financial institutions or transfer agents require lost instrument surety bonds to be posted is because if the original instrument is found, the...