No. Standard homeowners policies do not cover flood damage. A separate flood insurance policy is required.
At Tram’s Insurance Agency, we provide surety bonds that help protect your business, ensure compliance, and give peace of mind in both government and commercial contracts.
A surety bond is a legally binding contract that guarantees certain obligations will be fulfilled. It involves three parties:
Principal – the person or business required to obtain the bond
Obligee – the party requiring the bond (often a government agency or project owner)
Surety – the insurance company that ensures the principal can meet their obligations
In short, a surety bond guarantees that the principal will act according to the agreed terms of the bond.
Surety bonds play a critical role in construction, licensing, and business operations by:
Guaranteeing that projects are completed per contract terms and pricing
Ensuring suppliers, laborers, and subcontractors are paid—even if a contractor defaults
Helping prevent liens and smoothing financing transitions
Reducing risks of fund mismanagement on projects
Offering a trusted intermediary (the surety) to handle disputes
Supporting competitive bidding and lowering construction costs
We provide two primary categories of surety bonds:
Contract Bonds
Performance Bonds
Bid Bonds
Supply Bonds
Maintenance Bonds
Subdivision Bonds
Commercial Bonds
Ensure compliance with laws, licensing, and other regulatory requirements
Contractors bidding or working on government projects
Businesses or individuals licensed by a government entity
Any contract requiring performance assurance or financial protection
Even if not mandatory, surety bonds provide a valuable safeguard when contract performance is critical.
Switching to Tram’s Insurance Agency is simple. If your current insurer isn’t meeting your needs—whether due to service issues, rate increases, or poor claims experience—we can help.
⚠️ Important: Don’t cancel your existing bond until your new coverage is in place. Gaps in coverage could create serious financial problems.
✅ Contact Tram’s Insurance Agency today to explore multiple surety bond options and find the right fit for your needs.
Turning your worry into peace of mind.
Insurance options made simple.
No. Standard homeowners policies do not cover flood damage. A separate flood insurance policy is required.
If you live in a federally designated high-risk flood zone and have a mortgage, your lender will typically require flood insurance. Even if you’re not in a flood zone, coverage is still strongly recommended.
Costs vary based on your location, flood risk, and property value. Tram’s Insurance will help you find a plan that fits your budget while ensuring strong protection.