Salem Street Opening Bond
What it is & who requires it
Any applicant or contractor performing street-opening or excavation work within the Town of Salem public right-of-way must post a financial guarantee before the permit issues. Salem accepts a permit bond or an irrevocable letter of credit (co-equal), at a minimum set by the Engineering Division.
Obligee: Town of Salem (Municipal Services Department — Engineering Division). Citation: Town of Salem NH Street Excavation Permit Regulations (issued 26 Feb 2018), Permit Requirements §2.a.
Bond amount
Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
How to get it
This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
Request a bond quote
Tell us about the bond and the project. A licensed producer follows up — these bonds are individually underwritten, so they are not issued instantly.
Term & renewal
Term: Per the street-opening / gas-service excavation permit; held through restoration.
Renewal: Per-permit.
Filing
Filed with the Town of Salem (Municipal Services Department, Engineering Division) before your street-opening or excavation permit issues. Salem accepts a permit bond or an irrevocable letter of credit written on a New Hampshire bank, so the bond is listed and the exact amount is confirmed when you apply. Required under the Town of Salem Street Excavation Permit Regulations, Permit Requirements §2.a.
Source
This bond requirement is corroborated by multiple public sources; Town of Salem (Municipal Services Department — Engineering Division) sets the exact amount, which we confirm when you start your bond.
Related New Hampshire bonds
Frequently asked questions
- Who requires the Salem Street Opening Bond?
- It’s required by Town of Salem (Municipal Services Department — Engineering Division) (Town of Salem NH Street Excavation Permit Regulations (issued 26 Feb 2018), Permit Requirements §2.a). Any applicant or contractor performing street-opening or excavation work within the Town of Salem public right-of-way must post a financial guarantee before the permit issues. Salem accepts a permit bond or an irrevocable letter of credit (co-equal), at a minimum set by the Engineering Division.
- How much is the Salem Street Opening Bond?
- Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
- How do I get the Salem Street Opening Bond?
- This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
- What is the term?
- Per the street-opening / gas-service excavation permit; held through restoration. Renewal: Per-permit.
- Is this bond insurance for me?
- No. It protects the obligee and the public — not you. If a valid claim is paid, you repay the surety.
- How is this requirement verified?
- This bond requirement is corroborated by multiple public sources. The obligee sets the exact amount, which we confirm automatically when you start your bond in the portal or with a producer.
