There are a lot of questions about bail bonds in general.
However, the most common confusion is centered around the difference between a cash and a surety bond. A surety bond is the only time you will need a bondsman to get involved in the process.
To better explain this, a surety bond is an agreement made between one or more persons and a bond agent where the bond agent agrees to post the necessary bail so that a defendant can be released from jail.
This agreement is backed by an insurance company contract which is signed by the person or persons and the bond agent on behalf of the insurance company. The agreement is also backed by sufficient cash or collateral to cover the full amount of the bail if the defendant misses his or her court date. Only a person who has been licensed by the Department of Insurance may post a surety bond, which is where the bondsman comes in.
A surety bond will cost you a premium. You will not get any of the premiums back because it is nonrefundable. A premium, set by the bonding company, will cost about 10 percent of the total bond with a minimum of $75 by most companies; meaning if the surety bond is only set for $500 you will still pay the minimum of $75. The premium may vary from company to company.
On the other hand, a cash bond is the full amount of the bail required, paid in cash, to release a defendant from jail. The amount paid will be applied to fines and court costs.
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Bail Bonding by Sheats knows it is very difficult when a loved one is in jail.
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