Although the product has been available for a long time, in the last years it became popular within real state operations on bond insurance to guarantee lease payments and to substitute the deposit fund, mainly because of its speed and simplicity in managing eventual claims and needs of indemnization as a consequence of non-fulfillment. Therefore, it has become a valuable tool to support lease obligations, both commercial and/or private.
- Information about the obligation to be guaranteed
A brief summary will be required from the participant attorney on the judicial situation of the obligation to be guaranteed, together with a copy of the decision that attaches the lien, if any.
- Information about the contracting party
If it is the first time the party operates with us, we will ask for a copy of the last financial statements; if it is a society or an individual, they will be asked to provide a summary of the amounts invoiced in the last 12 months and information about their assets.
- Additional Information
So as to evaluate the risk under the process of being guaranteed, in some cases, some additional information may be requested on the obligation to be guaranteed or on the contrating party / taker of the insurance.