Homeowners with Fire, Hurricane and Flood-damaged homes offered new and inexpensive way to protect rebuilding funds thru ContractorsGuaranteeBond.com

WOODLAND HILLS, Calif. - Nov. 19, 2018 - PRLog -- Homeowners within our country now face a new plague of hurricanes, flooding and fire disasters that have left a multi-billion dollar wake of destruction and a massive necessity for home rebuilding and remodeling in motion. Emotionally fragile and economically vulnerable homeowners may likely face a marketplace ridden with greater levels of con-artists and/or contractor predator fraud. Coming to this rescue is a newly released home improvement protection surety bond called a ContractorsGuaranteeBond.com  that has been uniquely developed by J.R. Olsen Bonds  for an exclusive representation by the Egloff Insurance Agency.

The Contractors Guarantee Bond (CGB) simply guarantees the money the homeowner advances to the contractor, in accordance with their written agreement on a given project.

Homeowners can now insist that Contractors provide the new CGB bond in order to properly ensure their peace of mind and that home improvement monies are fully protected throughout the entire home rebuilding or improvement process.

How It Works Video:
https://youtu.be/NUBkp_FFdj0



The goal of the new Contractors Guarantee Bond is to serve and empower homeowners and be a one-stop in Trusted Home Improvement Protection.   Stating the importance of this new bond product, Gary Egloff, Co-Founder of CGB points out a few key home improvement rip-offs and fraud findings:

According to a recent, April 23, 2018 report from the Better Business Bureau "Scams abound, especially following a major storm, flood, or other weather events when many homeowners are trying to repair their houses. But contractor scams can happen any time, so be wary of high-pressure sales tactics, upfront fees, and fly-by-night businesses. Con artists will take homeowners' money and deliver slipshod work… or no work at all."

Adding to this, Egloff sites "Though the number of remodeling pros has declined, there are still less experienced—and less scrupulous—ones out there, according to a recent survey of 300 general contractors from around the country conducted by the Consumer Reports National Research Center. Among the shady industry practices, general contractors reported are contractors using unskilled laborers to carry out their work, and winning jobs with lowball bids and then jacking up the cost later with "unforeseen problems," according to a March 28, 2017, Consumer Report article.

"This new Contractors Guarantee Bond (CBG), uniquely offered through J.R. Olsen Bonds and exclusively marketed through the Egloff Insurance Agency, finally fills a huge gap in the nationwide bond marketplace says, Hope Olsen, President of J.R. Olsen Bonds.

"The simple and profound difference between the new CGB product and a normal Surety Bond is this," says Phil Roderick, Co-Founder of CGB, "The new Contractors Guarantee Bond is far less expensive and it provides the insured (the homeowner) with far more flexibility in regards to collecting on a claim and/or selecting a new contractor to complete the job. In-other-words, if a contractor runs off with the homeowner's money, at any point during the construction process, they will get those funds back and can now choose a new contractor to work with so they can continue to manage and stay in control of their home rebuilding or improvement dream project."

The official launch of the Contractors Guarantee Bond product will also be accompanied by the maiden voyage of the company's 45ft Prevost promotional tour bus. The bus will stop at major home improvement centers to educate the public about the new CGB product.   While there, the bus will also serve as a resource center to support veterans in the local community through SupportVeteransNow.org, a newly forming non-profit organization that will offer holistic PTSD therapies and job placement services to those who have bravely served our country.

The Egloff Insurance Agency, which was founded in 1956, is a full-service agency based in Woodland Hills, CA. The Agency's 60 years plus track record in serving Law Firms and marketplace innovation have lead to the development of the new Contractors Guarantee Bond.

"Our offices are based in Woodland Hills, CA and we've seen first hand the extreme devastation of fire damage to properties around our area, Malibu, Westlake Village and beyond.   We care deeply about the personal safety, emotional and financial well-being of our fellow citizens who many, have lost it all. Our hearts go out to each family within our community and those across the U.S. who have experienced any loss from Fires, Hurricanes, and Flooding.  We know how long and hard homeowners have worked for their homes and to make these dreams come true. Our new Contractors Guarantee Bond is specifically designed to create an easy, inexpensive and financially safe way for homeowners to stay confident, secure, protected, and in control while in the process of rebuilding or remodeling their dream homes. Our Contractors Guarantee Bond product is the homeowner's safety shield that will fully protect them when they're the most emotionally and financially vulnerable.  We are here to help, serve and support the people of our country rebuild their dreams and this is what our Contractors Guarantee Bond is all about." says Steve Robertson, Co-Founder of the CGB product.