Indiana WIN Energy REMC utility deposit bonds.
From $100.
WIN Energy REMC, the member-owned rural electric cooperative serving southwestern Indiana out of Vincennes, may require a new or reconnecting member to post a security deposit before starting electric service — and accepts a surety bond as an alternative to tying up that amount in cash. Premiums cost 2% of the bond amount, $100 minimum.
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How much does an Indiana WIN Energy REMC utility 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 submit the bond in place of your cash deposit. Here is the whole thing:
Apply online
Your account details, the deposit amount WIN Energy REMC set, and the effective date — that is the application.
Issued
No credit check up to $15,000 in the application, and most applications approve instantly. Premium is priced at 2% of the bond amount, $100 minimum. Larger deposit amounts may get a brief review.
Submit to WIN Energy REMC
Send the executed bond to WIN Energy REMC to satisfy the deposit requirement on your account instead of a cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the WIN Energy REMC deposit bond actually covers
WIN Energy REMC is a member-owned rural electric membership corporation (REMC) headquartered in Vincennes, Indiana, serving member-consumers across several southwestern Indiana counties. Like most Indiana electric cooperatives, WIN Energy REMC’s rules for service let it require a security deposit from a new member, a reconnecting account, or an account with a history of late or unpaid bills, to protect the cooperative’s other members against unpaid usage.
A member who would rather not tie up cash for the length of an account can typically post a surety bond in the same amount instead of a cash deposit. The bond guarantees that if the account goes unpaid, WIN Energy REMC can recover against the bond up to the deposit amount — the same protection a cash deposit provides, without the member’s money sitting idle with the cooperative.
This deposit requirement comes from WIN Energy REMC’s own rules for electric service, not from a specific state statute we can cite by section — Indiana rural electric cooperatives set their own deposit and credit policies as member-owned utilities. Enter the amount stated on your service application or account notice; we price the bond from a $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
Submit to WIN Energy REMC. Send the executed bond to WIN Energy REMC to satisfy the deposit requirement on your account instead of a cash deposit. 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 your required deposit amount. No credit check up to $15,000.
Start the application →Common questions.
Other Indiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Keep your deposit cash. Post the bond instead.
From $100, 2% of the bond amount. Enter your required deposit and submit to WIN Energy REMC the same day.