Colorado CORE Electric deposit bonds.
From $100.
CORE Electric Cooperative can require a security deposit from a new member, a member with a delinquent payment in the past 12 months, an account disconnected for non-payment, or usage well above the property's history. Members can post a surety bond instead of cash. Premiums cost 2% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a Colorado CORE Electric deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with CORE. Here is the whole thing:
Apply online
Your details, the CORE Electric Cooperative account or service location, and the deposit amount CORE set on your notice — that is the application.
Issued
No credit check up to $15,000. Larger amounts may get a brief review.
File with CORE
Submit the executed bond to CORE Electric Cooperative to satisfy the deposit requirement and keep or restore service. Wet-ink originals mailed on request.
What it is and who needs it.
What the CORE Electric deposit bond actually covers
CORE Electric Cooperative — the electric distribution cooperative serving members across the Denver-metro foothills and eastern-plains service territory — can require a security deposit under its own rates and regulations when a member is new (no payment history with CORE), has had one or more delinquent payments in the past 12 months, has had service disconnected for non-payment, or is using more than 100% of the property's historical consumption.
Instead of posting cash, a member can satisfy that requirement with a surety bond guaranteeing payment for the electric service billed. The bond is a three-party arrangement: you (the principal), the surety, and CORE (the obligee). If the account goes unpaid, CORE can claim against the bond, and you then owe the surety for whatever it pays out — the bond is a guarantee, not insurance for you.
CORE typically sizes a deposit or bond to a period of estimated usage at the service location; the exact figure appears on your account notice. Confirm your required amount directly with CORE Electric Cooperative before applying. Premiums are priced at 2% of the bond amount, $100 minimum, and no credit check up to $15,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with CORE. Submit the executed bond to CORE Electric Cooperative to satisfy the deposit requirement and keep or restore service. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, no credit check up to $15,000.
Submit the application with the deposit amount CORE set on your notice. No credit check up to $15,000. Larger amounts may get a brief review, usually resolved quickly.
Start the application →Common questions.
Other Colorado bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Keep your power on without tying up cash.
Premiums from $100. Enter the deposit amount CORE set and file the same day.