Colorado Highline Electric deposit bonds.
From $100.
Highline Electric Association, the rural electric cooperative serving northeastern Colorado, can require a security deposit from new members, members with late or unpaid bills, and reconnected accounts. A member can post a surety bond instead of cash. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a Colorado Highline 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 Highline. Here is the whole thing:
Apply online
Your details, your Highline Electric Association account or service address, and the deposit amount Highline 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 Highline
Submit the executed bond to Highline Electric Association 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 Highline Electric deposit bond actually covers
Highline Electric Association is a member-owned rural electric distribution cooperative headquartered in Holyoke, Colorado, with offices also in Sterling and Ovid, serving farms, ranches, and small towns across the northeastern corner of the state. Like most electric cooperatives, it can require a security deposit under its own rules and regulations — commonly from a new member with no established payment history, a member with a record of late or unpaid bills, or an account being reconnected after disconnection for non-payment.
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 Highline (the obligee). If the account goes unpaid, Highline 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.
Highline typically sizes a deposit or bond to a period of estimated usage at the service location, and the exact figure appears on your account notice. Confirm your required amount directly with Highline Electric Association 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 Highline. Submit the executed bond to Highline Electric Association 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 Highline 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 Highline set and file the same day.