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Leased Nursing Home Surety Bond

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Leased Nursing Home Surety Bond

What is a Leased Nursing Home Surety Bond?

A Leased Nursing Home Surety Bond is required by the AHCA of all principles leasing a nursing home.  The Leased Nursing Home Surety Bond ensures that the leased nursing home will act in full conformity with all legal requirements for operation.

What is the current market for a Leased Nursing Home Surety Bond?

Leased Nursing Home Surety Bonds are written by multiple surety bond markets.  The respective minimum bond amount for the Leased Nursing Home Surety Bond is no less than the total of 3 months of Medicaid payments to the facility computed on the basis of the preceding 12 month average Medicaid payments to the facility.  Terms of approval and premium are largely determined by the financial condition of the health care clinic's corporate and/or personal net worth, experience, and the needed bond amount.

How do I apply for a Leased Nursing Home Surety Bond?

  1. Start by filling out our Lease Nursing Home Surety Bond Application by clicking here; and
  2. Email or fax the information to submissions@dblsurety.com or 888.204.8716.

Please note that additional underwriting information may be needed depending on bond request, information submitted, and to obtain the lowest possible rate.

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By Bart Leek

 
 
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Ph: 386.316.2547 | Fax: 888.204.8716