Peoria demolition permit bonds.
From $100.
Before the City of Peoria issues a permit to demolish a structure, its Building and Codes department requires a demolition permit bond to guarantee the site is cleared and restored once the work is done. Premiums cost 2% of the bond amount, $100 minimum. Enter the amount your permit calls for and your exact price appears at the application.
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How much does a Peoria demolition permit 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 demolition bond — enter your amount, pay, and file with Building and Codes. Here is the whole thing:
Apply online
Your details, the demolition site address, the bond amount your permit requires, and the effective date.
Approved
Most demolition permit bonds clear quickly on the soft pull, which never affects your score — pricing is 2% of the bond amount, $100 minimum.
File with the City
Your executed bond arrives by email, ready to attach to your demolition permit application at Building and Codes. Wet-ink originals mailed on request.
What it is and who needs it.
What the demolition permit bond actually guarantees
A demolition permit bond is a site-restoration guarantee. The City of Peoria conditions a demolition permit on a bond that backs the promise to fully clear the site of debris, cap or remove utility connections as required, and leave the lot in a safe, code-compliant condition once the structure comes down.
It is a three-party arrangement: you (the principal), the surety carrier, and the City of Peoria (the obligee), acting through its Building and Codes department. If the demolition is left incomplete or the site is not restored as required, the City can draw on the bond to complete the work — and if the surety pays, you repay the surety.
There is no single citywide penal sum — Building and Codes sets the amount based on the scope of the demolition when the permit is issued. Enter the figure on your permit; your premium is priced at 2% of that amount, $100 minimum, after a quick soft credit check that never affects your score.
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 bond runs to December 31 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, December 31, in the year your term ends.
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 the City. Your executed bond arrives by email, ready to attach to your demolition permit application at Building and Codes. 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.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Pull your demolition permit without the bond holdup.
Premiums from $100, soft pull only. Enter the amount your permit set and file with the City the same day.