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by Bret Graham ~ "(888)BailMan"SM

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HOW BAIL BONDS WORK

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HOW BAIL BONDS WORK!
When a person is arrested and placed in the custody of a jail, the bail amount is set by either a court or by the jail personnel using a countywide bail schedule established by the Superior Court judges. Once a bail amount is set, either cash, a cashier's check or a bail bond may be posted at the jail or court. After bail is posted, the defendant is released from custody and will remain free while the court case proceeds. Bail is posted to insure that the defendant will appear in court each and every time he or she is ordered to appear.
 
A"bail bond" is an insurance bond and all bondsmen represent insurance companies. Before posting a bail bond, I must get approval from my insurance Underwriter. The Underwriter generally requires two things in order to approve a bail bond. They are called the "Premium" and the "Collateral". The Premium is the cost of the bond and is 10% of the bail amount that was set by the jail or court. Collateral is something of value used to financially guarantee the bond until the defendant is done in court. The person that pledges the Collateral is called the Indemnitor or co-signer. No matter what the outcome of the court case (acquittal, conviction, diversion, probation and/or fine), once the defendant is done with all court appearances, the court will exonerate (release) the bond. When the court "exonerates" the bond, the bail bond is done and I release the Collateral back to the Indemnitor. Any fine, probation, public service, etc. is strictly between the defendant and the court.
 
Types of Collateral

The best form of collateral is an individual's agreement to pay represented by his or her signature with approved credit. Additionally, collateral can be pledged by:

Payment Options

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