Sequachee Valley electric deposit bonds.
From $100.
Instead of tying up cash, Sequachee Valley Electric Cooperative lets a member post a surety bond to secure a new or reinstated electric-service account in place of a cash security deposit. The cooperative sets the deposit amount at enrollment — premiums cost 2% of the bond amount, $100 minimum, and no credit check up to $15,000.
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How much does a Sequachee Valley electric 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 underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver it to the cooperative. Here is the whole thing:
Apply online
Your details, the deposit amount the cooperative required, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000, so most bonds generate the moment you pay. No credit check up to $15,000.
Deliver to Sequachee Valley EC
Submit the executed bond to the cooperative in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
When a member opens or reinstates electric service with Sequachee Valley Electric Cooperative — a member-owned, TVA-distributing rural electric cooperative serving the Sequatchie Valley — the cooperative can ask for a security deposit against unpaid bills. Rather than leaving cash on deposit for as long as the account is open, a member can post a utility deposit surety bond for the same amount instead.
It is a three-party arrangement: you (the principal), the surety carrier, and Sequachee Valley Electric Cooperative (the obligee). If the account goes unpaid, the cooperative can recover the unpaid balance against the bond, up to the deposit amount it set.
It is not insurance for you — if the surety pays a claim, you repay the surety. Sequachee Valley EC is organized under Tennessee's Rural Electric and Community Services Cooperative Act (Tenn. Code Ann. Title 65, Chapter 25), but the deposit requirement itself is the cooperative's own membership-services policy, not a numbered statute — we issue the amount the cooperative sets, from $100, 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
Deliver to Sequachee Valley EC. Submit the executed bond to the cooperative in place of your 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, issued on the spot.
Submit the application with the deposit amount the cooperative 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 .
Bond your deposit, keep your cash.
From $100. Enter the cooperative’s deposit amount and deliver the same day. Free until issued.