Humboldt Utilities deposit bonds.
From $100.
Humboldt Utilities in Humboldt, Tennessee requires a security deposit to open new service, $300 in total for a commercial account, and its guidelines let a commercial customer provide a Letter of Credit, Surety Bond, or Certificate of Deposit instead of cash. Pricing is 2% of the bond amount, $100 minimum.
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How much does a Humboldt Utilities 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 deliver to Humboldt Utilities. Here is the whole thing:
Apply online
Your business details, the deposit amount Humboldt Utilities set for your account, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000, and most applicants issue instantly. Above $15,000, a soft pull may add a short review.
Deliver to Humboldt Utilities
Submit the executed bond to Humboldt Utilities to satisfy the deposit requirement on your electric, gas, or water account. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Humboldt Utilities serves roughly 4,400 customers in and around Humboldt, Tennessee with electric, gas, water, and wastewater service. Its New Service Requirements set a standard new-service deposit of $150 for electric, $50 for water, and $100 for gas ($300 total) for residential and commercial accounts alike — and, for a commercial customer, the guidelines state: "in lieu of cash deposit, a commercial customer may choose to provide a Letter of Credit, Surety Bond, or a Certificate of Deposit (CD) made to the customer AND Humboldt Utilities."
The bond is a guarantee to Humboldt Utilities that your charges will be paid. If the account goes unpaid and is closed with a balance owed, the utility can recover against the bond up to the deposit amount, rather than against cash it would otherwise hold.
It is not insurance for you — if the surety pays Humboldt Utilities on a claim, you repay the surety. Enter the deposit figure Humboldt Utilities set for your account and your exact price appears at the application, from a $100 minimum, with 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
Deliver to Humboldt Utilities. Submit the executed bond to Humboldt Utilities to satisfy the deposit requirement on your electric, gas, or water account. 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, issued on the spot.
Submit the application with the deposit amount Humboldt Utilities set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Tennessee bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Humboldt Utilities deposit bond, issued today.
Pricing from $100. Enter the deposit Humboldt Utilities set and deliver it the same day.