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Insurance Cover for Certificate of Deposit

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  • 23-09-2010 9:09pm
    #1
    kerryman10
    Registered Users Posts: 87 ✭✭


    Hi everyone,

    I wish to apply for an auctioneer/house agents licence but need to submit a certificate of deposit/guarantee bond to the amount of €12,700.

    Are there any insurance companies that will cover this bond?

    Thanks for your help.


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    #2
    eagle_i
    Closed Accounts Posts: 89 ✭✭eagle_i


    Kerryman, you should check with the Irish Auctioneering Society to see what is an acceptable bond product when applying for a licence. I'm sure there are specific bond/guarantee vechiles that meet the requirements when applying for an auctioneering licence. More than likely they will have a list of providers of such products. I wouldn't expect it is as simple as putting your 12odd grand on deposit with a bank or insurance company, where you can cash it in the day after you receive your licence?

    May be I am wrong and it is as simple as that??


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