What is a Department of Veterans Affairs (“VA”) fiduciary bond? A VA fiduciary bond serves to protect a beneficiary if a fiduciary commits fraud or misuses the beneficiary’s VA funds. A VA beneficiary is a veteran, or his/her survivor, who has been awarded VA benefits, but who is unable to manage his/her financial affairs. A VA fiduciary is an individual or entity that has been appointed by the Veterans Administration to receive VA funds on behalf of the beneficiary. In many circumstances, the VA will require the fiduciary to obtain a VA fiduciary bond. Who needs this bond? If you are a VA fiduciary managing funds for a VA beneficiary, the Veterans Administration may require you to guard the beneficiary’s funds by purchasing and maintaining a surety bond. For more information on the VA’s requirements click here. What is the process to obtain the VA fiduciary bond? Colonial offers the direct and digital way to obtain a VA fiduciary bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are simple — get a quote online, fill out your information, answer our underwriting questions, and enter your payment method. Print your bond from your home or office. It’s that simple! What does a VA fiduciary bond cost? A VA fiduciary bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the VA. Does it matter where I get my bond? It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to serve in your appointment as VA fiduciary when you deal direct with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best, that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.