How long is a surety bond effective

Kelly Dayan asked this on October 25, 2016 in Surety Bonds

We have discovered defective (non-code) construction in a 25 year old building. Can we still make a claim against the surety bond?

Amber answered this on October 26, 2016

Hi Kelly,

This depends on the length of the surety's liability, which would be detailed in the surety bond. You would need to read the bond itself to determine how long the surety company's liability extends, though it is unlikely it extends for 25 years. Hope this is helpful to you!