If you are going to do an estate sale, the estate sale company should be bonded and insured. In addition, you should continue insurance on the house.
Bonded deals with surety company will be responsible for covering any financial losses. For example: the bond may cover theft that occurs.
The insurance is protection for your house and if someone hurts themselves on the property. You can put signs up not responsible for accidents, but a good estate company will have insurance.
When an estate sales company advertises it is bonded and insured in means they have purchased Liability Insurance and a Surety Bond. Not all companies do this. It is not a requirement in every state and is often the choice of the individual company.
An estate liquidator faces numerous liabilities when walking into someone’s home with the intent to open it up to the public. This is one reason why people hire an estate sale company in the first place. A professional knows how to make sure everyone stays protected, bodily, legally and financially.
Hiring a contracted company to perform a professional service can be anything but easy. How do you know they are legitimate? How do you know they are going to provide the services they say they are? This decision can be hard and it makes it even harder when that industry is full of horror stories and illegitimate business owners.