What is Collateral?
As an indemnitor of the collateral, you are financially responsible for the bail bond. As long as the person you bail out attends all court appearances, you will not have to pay any money beyond the premium. If the person is simply late to court or has a valid reason for not being there, typically we are able to get them back into court without any additional expenses. However, if the bailed-out person skips bail and we are not able to return that person to court, you are required to pay the full amount of the bail. Upon the return of them to court, you are required to reimburse us for all expenses incurred.
Valid forms of collateral include money or property that you deposit with the bail bond company. The collateral is held until the bond is exonerated and the premium has been paid in full. In the majority of situations, we do not require collateral. Factors that may determine if collateral will be required include:
Accused Person's Past Arrest History
Whether or Not Accused Person Is Local
If Indemnitor Is Employed
Accused Person's Past Bond History