The Borough of Cresskill requires a $5,000 bond to open or cut into a borough street under a street opening permit. Ours is $275 flat — the minimum premium, since 3% of $5,000 lands there — and the application is five minutes, with no credit check on this bond.
















Municipal street opening bonds are the simplest thing in surety. Here's the entire process:
Business details and an effective date. That's the application — no financials, no credit check section.
Fixed-amount municipal bonds like this are among the bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond arrives by email, ready to file with the Borough of Cresskill alongside your street opening permit. Wet-ink original mailed on request.
$5,000 bond × 3% = $150, below our $275 minimum, so the price is $275 per term. Fixed amount, fixed price, multi-year if you want it.
A street opening bond is a restoration guarantee to the Borough of Cresskill. When you cut into a borough street, the borough wants a financial backstop that you'll patch and restore the pavement properly rather than leaving a failing trench for the borough to fix.
It's a three-party arrangement: you (the principal), the surety carrier, and the Borough of Cresskill (the obligee). If the street isn't restored to borough standards, or the patch fails, the borough can recover against the bond to make the repair.
It is not insurance for you — if the surety pays a claim, you repay the surety. Contractors who restore the street properly treat the bond as a permit formality, not a risk.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$275 flat, five-minute application, bond often issued in the same sitting. Free until issued.