San Diego City Demolition Bond - $10,000
The City of San Diego requires businesses in the area to apply for a $10,000 bond in order to demolish or remove any infrastructure and activate their business licenses. This is necessary to ensure the compensation of the public should accredited businesses cause any licensing infractions, like damages to public property, in the course of the project.
What is a Demolition/Removal Permit?
Projects that involve the complete removal or demolition of any structure in the City of San Diego require a demolition/removal permit for its legal regulation. The city reviews the application to check if they meet health, safety, and welfare standards to avoid personal injury or property damage.
What is the San Diego Demolition Bond?
Before the conduct of any complete structure demolition/removal work that may affect a public property, the City of San Diego requires involved permittees to secure a demolition permit. A demolition bond is required to secure the permit. The bond guarantees that contractors or permittees will adhere to the City’s codes, deliver expected outcomes to quality, and strictly follow engineering standards.
Take note that the permit is not needed for partial demolitions, but is required for a Building Permit following Chapter 12, Article 9, Division 2 of the San Diego Municipal Code. No work shall ensue without securing the proper permits prior to the project. Authorized permits will expire within 120 working days if not completed. The city will approve one 60-day extension should a delay occur for reasons out of the permittee’s control.
For more information, please visit the Office of San Diego City or read further on their Demolition/Removal Permit Procedure.
How does it work?
The San Diego City Demolition Bond must be issued by a surety bond provider accredited by the California Department of Insurance. The parties in the agreement are the Principal (well contractor or applicant), Obligee (City of San Diego), and Surety/Bond Company (surety bond provider or insurance).
The Surety Company will guarantee the compensation (performance bond) of the Obligee should the Principal fail to deliver agreed-upon services or violate any licensing provisions. The Surety Company will receive and assess the validity of all public claims where claims may only amount to the total penal sum arranged in the bond form. The Principal shall reimburse all expenses covered by the Surety Company.
The Bond Company is secured through an indemnity agreement as the permit applicant or licensed business will ensure the full reimbursement of the claims, including legal fees and premiums. This agreement shall be made before the execution of the bond.
How much does it cost?
Typically, the bond for San Diego Demolition Permit will cost around $100.
How can I apply for this bond?
Here at Surety Bond Authority, we are dedicated to helping you get your bond the fast and easy way.
Here is a step-by-step guide to help you get started.
To secure your demolition permit bond, be sure to transact with a reputable surety company early. If you are ready to get yours processed today, you can APPLY HERE. Rest assured our expert surety bond agent will guide you from the time of your application until the issuance of your bond.
In the assessment phase, our underwriter will need the following information:
- Nature of your profession or business
- Credit score
- Financial strength
For the speedy processing of your application, ensure you have gathered and provided accurate information upon submission.
Once the assessment is done, we will promptly issue your bond and send it your way. Call us and get your bond issued to you in no time!