Conservator Court Bond
A Conservatorship Bond (aka. Guardianship Bond) is a type of court bond that ensures an individual that has been appointed in a court of law will perform and fulfill his or her obligations and duties.
Certain situations require a Conservatorship Bond, such as when the court appoints an individual to overtake the finances or assets of someone who can no longer manage them themselves. Such cases might include a child whose parents are deceased, or an elderly or disabled person.
Conservator Court bonds ensure assets are not mismanaged or taken advantage of. If a guardian improperly or dishonestly manages assets, the bond protects against any losses incurred and the bonding company will take action to recover the losses.
You need a Conservatorship Bond if:
1.) You are selected as a guardian of a minor, elderly, or disabled person
2.) You are selected as a guardian of any of the above’s finances or estate
Not every Conservator/Guardian must get bonded,though. In some cases, a judge might deem a bond unnecessary if the person needing guardianship has limited assets. If you are required to have a Conservatorship Bond, the court will require you to get one.
Completing our application allows the underwriters at our office to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond and get the process going immediately!
We know the requirements for Court Bonds and are happy to answer any questions you may have. Feel free to call us at 888.681.7685, email us directly at [email protected], or fill out the form below and we’ll get right back to you! We look forward to the opportunity to earn your business!