Preneed Funeral Bond

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Losing a loved one is a devastating time for all concerned. There is a never ending list to complete prior to saying that final goodbye and laying a deceased relative to rest, including arranging a funeral. The last thing any relative needs is hassle regarding any of the funeral arrangements, many of which are requested by the deceased prior to death. Finding a reputable, professional and law-abiding funeral home can be a draining and daunting process for many families.

A preneed funeral bond can be defined as a bond, which is put in place in order to assist in protecting clients of funeral homes. It assists clients should the funeral home fail to meet agreements put in place with regards to funerals as well as burials. A preneed funeral bond is required by all funeral homes.

Prior to the purchasing of a preneed funeral bond, all funeral homes are required by law to submit an updated credit check on themselves. Once the application has been approved and several other screening processes have been completed, then the funeral home can purchase a preneed funeral bond from a credited agency. The bond ensures a funeral homes compliance with all legal requirements and regulations applicable to them.

The bond is in place to guarantee that a full compensation agreement is applicable should any specific funeral arrangements are not followed by a chosen funeral home. The preneed funeral bond also protects customers in the event that any finances are mishandled by the funeral home.