Authorities can grant bail for several reasons. If a person commits any bailable offense, they can apply for bail through a reputed bond dealer. A bailable crime is generally when a person violates abetment, including imprisonment of three years and a fine.
Price for a Bail Bond
The usual putative bail bond price is around ten percent of the total bond amount. For instance, for a bail bond of a thousand dollars, the bondsman will charge you a hundred dollars. The percentage is not negotiable as the authorities set it. However, the exact price depends upon taking into consideration the collateral amount too. Hire a reputed bail bondsman available at multiple locations to get the best results, such as to aid you in the receiving bail.
Surety Bail Bondsman
These bail bond agents are the most common bulk of bail bondsmen throughout the world. These are companies that do not have any real guarantee of their own. In other words, they do not back the bail bond they write with their valuables but use that of the customers. Instead of real property or other sureties, they aid an insurance company to provide with the collateral. Since there is an involvement of insurance companies in such cases, the surety bail bondsman act as an agent.
Property Bail Bondsman
Unlike surety bail bondsman, the property bondsman possesses a real estate as collateral for the bonds they write. Since they pledge the real estate property for collateral, they do not oblige the client to follow a specific price range or factor. Pricing is not a limiting factor in cases where the property acts as a significant bail release element. Therefore, the only limiting factor about the price with a property bail bondsman is comparing the profit and risk. These agents will evaluate the risk factor primarily. The higher the risk, the higher is the price.
You have to remember that one of the crucial risk factors is the cosigner. A cosigner is a person who agrees to the rules of the court in regards to the bail bonds. This person is civilly liable for the bail’s whole amount if the defendant fails to appear in the court for the subsequent hearings. The correct cosigner can aid your prices at a range of four to eight percent. The key is that the bigger the bail bond, the better cosigner you should select to receive a lower price.
A bail bond is a sort of loan for the total bond’s face amount. Property bail bondsman deals with such risky loans, due to which they always look for a cosigner who is stable in his or her operations. Hire a reputed and experienced bail bond agent in the industry to get assured results. It would be best if you did not forgot to pay your end to the bondman and avoid any activity of absconding or evading the bondsman as they possess the ability to track you down legally.
