Reyna Agency Solutions Inc.

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SURETY BONDS

"Reyna Agency Solutions Inc. (RAS) provides a wide range of services for individuals and businesses, from car insurance to fill requests . When we offer comprehensive solutions, we mean the convenience of solving various needs in one place. Our goal is to save you time and worry so you can focus on what is most important to you. At RAS our clients will always find a warm, professional treatment and in their own language"

WE PROVIDE BEST INSURANCE SERVICES

Surety Bonds Insurance

All you need to know about Surety Bonds

Surety bonds are an important risk mitigation tool, but it’s essential to know that insurance and surety bonds are two different types of tools. The terms “surety bond,” “surety bond insurance,” and “surety insurance” are often used interchangeably, causing some confusion for consumers. It’s important to note that surety bonds are not insurance.

With most insurance policies, risk is typically spread among a pool of similar clients and policyholders contribute premiums which help cover losses. Surety bonds, however, are three-way agreements where loss is not expected. Similar to paying interest on a bank loan, the premium is a fee for borrowing money, covering pre-qualification and underwriting costs, and not a means of covering losses.

There are over 50,000 bonds in the U.S. and bond requirements, amounts and regulations are typically set at the state level.

  • Contract Surety Bonds
  • Commercial Surety Bonds

WE HAVE FOLLOWING SOLUTIONS

INSURANCE COVERAGE

What’s covered

  • Loss or damage to your vehicle
  • Your liability
  • Uninsured driver cover
  • Legal costs
  • Motor injury protection
  • Individual no claim discount

What’s not covered

  • Electrical breakdown
  • Protected no claims discount
  • Foreign use
  • Resale value

FIND OUT WHAT MAKES US STAND OUT

See Why we're Progressive

  • Customers who can achieve their policy maintenance with a few clicks or a quick phone call at any hour are far more likely to stay with their provider.
  • Some insurers may place extra pressure on the producers, even in the positive form of bonuses (i.e., overhead) to boost sales.
  • Even if policies aren’t identical, as intangibles it’s sometimes difficult for customers to distinguish between them.
  • However, a stellar experience builds loyalty towards your brand.