Knoxville Utilities Board - Utility Deposit — required surety bond in Tennessee. Apply online in minutes.
The Knoxville Utilities Board (KUB) Utility Deposit Bond is a financial guarantee that ensures customers pay their utility bills on time. Instead of tying up cash for a utility deposit, customers can purchase this bond to satisfy the utility company's security requirements. It guarantees that the Knoxville Utilities Board will be compensated if the customer defaults on their utility payments.
Businesses and sometimes residential customers opening a new account or expanding services with the Knoxville Utilities Board typically need this bond. It is generally utilized by accounts that must provide a security deposit before utility services are activated. Customers who want to preserve their working capital instead of paying a large cash deposit often choose this option.
The Knoxville Utilities Board requires this bond to protect themselves against financial losses from unpaid electric, gas, water, or wastewater bills. By mandating a deposit or a bond, the utility ensures they have a guaranteed method to recover funds if a customer defaults on their account. Exact requirements vary, so applicants should verify their specific deposit obligations directly with the issuing agency.
To get started, click Apply Now to complete our secure online application in about five minutes. Once your application is reviewed, you will receive a quote and can purchase your bond securely. Your finalized bond will then be delivered directly to your email for submission.
Premiums are based on the required bond amount and the applicant's credit history. Because prices vary, we recommend applying online to get an exact figure for your specific situation.
Yes, many applicants with less-than-perfect credit can still be approved. We work with a variety of carriers to find bonding options for multiple credit profiles.
Bond term requirements vary depending on your payment history and the utility's specific policies. You should verify with the Knoxville Utilities Board to find out when your deposit requirement might be waived.
You can contact Noah Insurance Agency at 814-718-0060. We are licensed nationwide and can assist you throughout the entire surety bond process.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
Noah Insurance Agency · Licensed Nationwide