Frequently Asked Questions
What is a bail bond?
A bail is a figure given by the court to a defendant who is accused of a crime for the purpose of insuring he/she returns to court. A bond is an insurance document that guarantees the court that the defendant will appear each and every time he/she is so ordered by the court.
How may I obtain a bail bond?
A bail bond may be obtained for the release of the accused upon qualifying the indemnitor (co-signer) for the bond. The indemnitor enters into a contractual agreement and guarantee’s the defendant’s appearance in court. In addition, collateral in the form of real property, cash on hand, letter of credit, money market accounts, stocks, etc.., may be used to secure the bail bond.
Is collateral always needed?
NO. Our company’s discretionary underwriting of the bail bond is on an individual case by case basis. Signature Bail Bonds are available and are based solely on risk factors.
When is collateral returned?
The collateral is returned upon the exoneration of the bail bond. Once the bail bond is exonerated by the court, all parties are relieved of liability for that bond. Written documentation from the court clerk must follow prior to the release of any collateral. Upon receiving the “bail bond discharge certificate”, collateral will be IMMEDIATELY released.
How much does it cost for a bail bond?
The premium due upon posting bail is 10% of the total bail amount. This rate has been filed by our surety insurer and is state regulated by the Department of Banking & Insurance.
Is the premium refundable?
No. The bail bond premium is fully earned upon the defendant’s release or transportation to another jurisdiction.
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