What does it mean for a warehouse to be bonded?

Answer by  Dean (4035)

"Bonded" means "insured." A individual who is bonded, for example, is insured against any damage he/she may cause on the job, theft, etc. Similarly a warehouse that is bonded is insured against theft, fire or other matters that would cause damage or loss of the good stored in the warehouse.

Answer by  Kurt (4579)

To be bonded means that the party is self insured to cover any wrong doing on their part. You should also ask for more details on their insurance coverage.

Answer by  tamarawilhite (17883)

When a warehouse is bonded, both the warehouse building is insured in addition to a "bond" or insurance to cover losses of the warehouse's contents, usually in case the warehouse and its contents burn.