What Is A Preneed Funeral Bond?
A preneed funeral bond is a form of insurance required of all funeral homes. The surety bond guarantees their compliance with all laws and regulations that apply to them. This protects customers from any mishandling of their money and ensures compensation in the event that the funeral home does not follow through on agreements for a funeral.
Before funeral homes purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.