Speedway right-of-way bonds.
From $100.
The Town of Speedway requires a right-of-way bond before it lets you cut, bore, or open a town street or sidewalk. It guarantees you restore the right-of-way to town standards. Speedway sets the amount on your permit; the premium is 1% of the bond amount, $100 minimum — enter your figure below for the exact price.
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How much does a Speedway right-of-way bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard right-of-way bond — enter your amount, pay, and file with the town. Here is the whole thing:
Apply online
Your business details, the bond amount the town set, and the effective date — that is the application.
Issued on the spot
No credit check up to $100,000.
File with the Town of Speedway
Submit the executed bond with your right-of-way or street-opening permit at the Town of Speedway. Wet-ink originals mailed on request.
What it is and who needs it.
What the right-of-way bond actually covers
When you open the public right-of-way in the Town of Speedway — cutting pavement, boring under a street, or trenching a sidewalk — the town requires a right-of-way bond as a condition of the permit. The bond guarantees you backfill, repave, and restore the right-of-way to town standards when the work is done.
It's a three-party arrangement: you (the principal), the surety carrier, and the Town of Speedway (the obligee). If you leave the street or sidewalk unrestored and the town has to fix it, the town can recover its costs against the bond — and if the surety pays, you repay the surety.
The amount is set by the town from the size and location of your work, so it varies job to job — and the premium varies with it. Enter the figure on your permit; the premium is 1% of that amount, $100 minimum. No credit check up to $100,000.
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 the Town of Speedway. Submit the executed bond with your right-of-way or street-opening permit at the Town of Speedway. Wet-ink originals mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $100,000. 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, issued on the spot.
Submit the application with the bond amount the town set — the executed bond is generated instantly, ready to file with your right-of-way permit.
Start the application →Common questions.
Other Indiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Speedway right-of-way bond, issued today.
Premiums from $100. Enter the town amount and file your permit the same day.