Florida Sumter Electric Cooperative, Inc. (SECO) Electric Utility Deposit Bond
Overview
Sumter Electric Cooperative, Inc. (SECO) serves members across Sumter, Citrus, Marion, and Lake counties in Florida — and if SECO has asked you to post a security deposit before starting or restoring your electric service, a surety bond is your alternative to tying up cash. Bond Titan makes it fast and simple to get a SECO Electric Utility Deposit Bond online, so you can get your power turned on without draining your bank account. This bond puts a licensed surety behind your account obligations, satisfying SECO's deposit requirement so service can begin.
Who Needs This Bond?
You've applied for electric service through SECO — or you're trying to restore an account — and SECO has told you a security deposit is required before they'll connect or reconnect power. Residential members, small business owners, and commercial accounts in SECO's service territory all face this deposit requirement when their credit history or account record triggers it. A surety bond lets you meet that requirement without handing over a lump sum of cash to the cooperative. If SECO gave you the deposit notice, this is the bond you need.
What is this Bond For?
SECO uses the deposit to protect itself against unpaid electric bills — if a member walks away from a balance, the cooperative can recover that loss from the deposit. This surety bond replaces the cash deposit with a guarantee from a licensed surety company: if you leave an unpaid balance, SECO can make a claim against the bond for the amount owed. You, as the bond principal, remain responsible for your bills — the bond simply gives SECO the financial assurance it requires to extend service without cash in hand.
When is it Required?
Before SECO will schedule your connection or reconnection, the deposit obligation must be satisfied — the bond must be in place first. You cannot wait until after service starts to submit the bond; SECO needs proof of the bond as a condition of activating the account. If you're restoring service after a shutoff, the same rule applies: the bond comes first, then the power comes on. Acting quickly matters — delays in getting the bond mean delays in getting your electricity.
Where Does it Apply?
This bond is specifically for members served by Sumter Electric Cooperative, Inc. (SECO), a member-owned electric cooperative operating in Florida. SECO's service territory covers portions of Sumter, Citrus, Marion, and Lake counties. This bond satisfies SECO's deposit requirement only — it does not apply to other Florida utilities or electric providers.
How to Buy Online
Click 'Buy This Bond Online' on this page and the secure surety portal will open in a new tab, where you can complete your application and purchase the bond quickly without waiting on an agent callback. Have your SECO account number or deposit notice handy so you can enter the correct bond amount. Once issued, your bond documents can be submitted directly to SECO to satisfy the deposit requirement and get your service started.
Why Bond Titan?
Bond Titan is powered by The Southern Agency, a trusted name in surety, and gives you direct online access to a nationwide catalog of bonds — including this specific SECO Electric Utility Deposit Bond. No phone tag, no waiting on a local agent, no wasted time. You can buy, download, and submit your bond the same day you need it.