Platinum Bonds shield logo

Platinum Bonds Insurance Agency

Research before you apply.
ChatLoginPay Now

Highway MTG Bond, Right of Way

This bond is required for anyone who needs to use, access, or work on state-owned highway right of way property in Connecticut. Right of way refers to the land alongside highways that the state owns and controls. You need this bond to guarantee that you'll follow all the rules set by the Connecticut Department of Tran…

Bond amountVaries by license type or project
State or jurisdictionConnecticut
ObligeeState of Connecticut, Department of Transportation

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

This bond is required for anyone who needs to use, access, or work on state-owned highway right of way property in Connecticut. Right of way refers to the land alongside highways that the state owns and controls. You need this bond to guarantee that you'll follow all the rules set by the Connecticut Department of Tran…

Who usually needs it

Contractors, permittees, and businesses performing construction, excavation, driveway installation, or maintenance work on, near, or adjacent to Connecticut state highway rights-of-way need this bond when applying for a CTDOT Encroachment Permit. This includes general contractors, excavation contractors, utility contractors, and sidewalk/driveway installers…

Pricing & timing

What to expect.

Generic pricing

Permit bonds are required for specific activities, construction projects, or business operations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger permit bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Many common permit bonds qualify for instant approval with no underwriting required. Requirements vary by jurisdiction and permit type.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

Google icon5.0★★★★★Google reviews

“Finally a company that understands what customer service is supposed to be.”

★★★★★

“My bond application was processed and received very quickly.”

★★★★★

“I highly recommend you do business with these folks.”

★★★★★
BBB A+ Accredited Business seal for Platinum Bonds Insurance Agency

BBB A+ Accredited

Open the Platinum Bonds Insurance Agency BBB profile.

23 years

Offering service to clients and agents alike.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

Start the appTalk with Ava