20 Jan What is a Surety Bond?
When a person is arrested and jailed, their court date is not for another few week, months, maybe a year. Unless otherwise demanded by court, the arrestee has the option to hire a bail bond agent to assist them in posting bail so they can leave jail and live and work until they must reappear in court. This bond that the agent posts is called a surety bond.
Because surety bonds are backed by insurance companies, there must be enough cash or collateral to cover the entire bond amount should the defendant miss their court date. The fee for a surety bond is set by the insurance company, and it is often 10% of the total bond amount.
For more information or to get started on a case, call Glendale Bail Bond Store at 323-261-2611. Our professional agents are ready with the answers to all your questions. We want to help you solve your case as quickly as possible so you no longer have to stress and worry.