Indiana property management receiver bonds.
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When an Indiana court puts property into a receivership, the receiver must give an undertaking under IC 32-30-5-3 to faithfully discharge the duties of receiver and obey the court’s orders. The appointing court fixes the amount and approves the sureties. The bond is underwritten; a surety specialist returns a quote.
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How much does an Indiana property management receiver bond cost?
It is underwritten. The carrier’s base rate is 1% of the bond amount; the underwriter sets your premium from the amount, your credit and any collateral.
Built so the receivership can proceed.
A receiver cannot enter on duty until the undertaking the court ordered is executed and approved, so this file moves on the court’s clock. Here is the whole process:
Send us the order of appointment
Apply online with the plaintiff, defendant, cause number, and the name of the court, plus a description of the property going into the receivership. Attach the order fixing the amount and the scope of the receivership so we can size to it.
A surety specialist underwrites it
A specialist reviews the receivership, the property under management, the receiver’s background, and indemnity. Larger estates may call for financials or collateral — we raise that before quoting rather than after.
Execute & file for approval
Once you bind, we issue the executed undertaking with the power of attorney attached, ready to be filed with and approved by the appointing court so the receiver can take possession and manage the property.
How a receiver bond works, and what to have ready.
Why the court asks for it
A court has appointed you as receiver, or as a master or referee, to take charge of property or a business while a case is decided. The court requires a bond before you take control.
Who it protects
The parties to the case and the court. If you fail to carry out the court's orders faithfully, they can recover the loss from the bond, up to the bond amount.
If there is a claim
The surety pays a valid claim and you repay the surety.
Have these ready
- The order appointing you, with the bond amount
- The court, case number and the parties' names
- A description and estimated value of the property or business you will control
- A short summary of your experience as a receiver or fiduciary
- Your attorney's name and contact details
What it is and who needs it.
What this receivership bond secures
An Indiana court can place property under a receiver when the property, fund, or rents and profits in controversy are in danger of being lost, and in the other circumstances listed in IC 32-30-5-1. The receiver then takes custody of the described property and manages it neutrally while the case proceeds.
The receiver’s undertaking guarantees that the receiver will faithfully discharge the duties of the office and obey the court’s orders — collecting, preserving, accounting for, and distributing the property as directed. If the receiver mismanages or misappropriates it, the parties recover against the bond and the surety looks to the receiver to repay it.
Because the surety stands behind the whole estate, the bond is underwritten on the receiver’s background and finances rather than flat-rated, and a large receivership can require financials or collateral. We size and quote once we see the order.
You need this bond if you’re
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
Term and renewal are set in the underwriter's quote.
Keep the bond in force for as long as the obligation behind it runs.
How to file it
Execute & file for approval. Once you bind, we issue the executed undertaking with the power of attorney attached, ready to be filed with and approved by the appointing court so the receiver can take possession and manage the property.
What sets the price
This bond is underwritten. The carrier's base rate for this bond is 1% of the bond amount; the underwriter sets your final premium from the amount, your credit and any collateral.
One application, reviewed by a surety specialist.
These are the actual underwriting fields — the case, the court, the property under management, the receiver, and the financial picture behind it. Submit once and a specialist reviews everything together, then returns a quote, typically within one business day. Free until your bond is issued.
Start the application →Common questions.
Other Indiana bonds.
Requirements checked on the carrier’s application, . Page updated .
Appointed to manage property in an Indiana receivership?
Send us the order of appointment and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.