A Bail Bond is an insurance policy that guarantees a persons appearance in court.
This insurance policy is an agreement between the bail bond agency and the court guaranteeing the courtappearances.
This insurance policy is guaranteed by a cosigner, that guarantees the bail agency that the accused person will make all of their court dates.
The cost of a bail bond is regulated by the state. The cost of a bail bond is a percentage of the bail bond amount.
This premium has nothing to do with the merits of the case. The premium is fully earned upon the release of the defendant from custody, the fact that the defendant may have been improperly arrested, the bail reduced and the case dismissed shall not obligate return of any portion of said premium.
The bail bond is underwritten by the bail agency with the sole purpose of guaranteeing the appearance of an accused defendant in court. If the person fails to appear in court and is notreturned to court in the statutory time, which varies from state to state, the full bond amount must be paid to the court.
