Turnpike Toll Bond Claims Guide

Many Eastern States use toll roads as a way to appropriately collect funds for the cost of building, operating, or maintaining toll roads; this also helps prevent the raising of taxes so the roadways are paid for by the people using them. Frequent users of toll roads and facilities, like those registering for commercial accounts with EZ-Pass in Pennsylvania, may be required to file a Turnpike Toll Bond to guarantee payment of tolls.

As the insurance company issuing the bond, Jet Insurance Company protects you against false bond claim allegations while also providing the State peace of mind that the State will receive the amount due for toll payments.

How to Avoid Bond Claims

A Turnpike Toll Bond is conditioned on the toll user paying their monthly invoices for the use of toll roads. Each state has its own number of days allotted before a toll is considered unpaid, typically ranging from 15 to 30 days, but please pay attention to your state’s specifications to avoid late or missing toll payments. If the payment is missed due to some kind of error, it’s possible to pay the invoice and prevent a bond claim.

Claims Process

If the State doesn’t receive timely toll payments, the State can take action to recover the due fees from the Turnpike Toll Bond. Bond claims are typically able to be proven by the presentation of unpaid invoices. Once Jet receives notice of the bond claim, our team will go over all available information to make sure the claim is valid and if there is any way to remedy the defaulted invoices. This is part of our promise to you to prevent payouts based on false allegations. If there is a way to alleviate the issue, great! The claim will end there.

But, if a bond claim is found to be valid, it will be paid out from the Turnpike Toll Bond. In this case, Jet will fulfill its obligation to the State that it will receive the amount due from toll payments; but this leaves the bond short of the required limit. The toll user is still responsible for paying for the toll payments—except this time, the payment is to restore the bond to its full limit, and may even include additional legal fees or costs.