Bail is an amount of money in cash or surety bond to make sure that the convicted attends all the court hearings held in any future date. Bail gives the defendant the right to be released from jail until the case hearing proceedings are completed. Anyone can post his or her own bail. Although if the defendant is not able to bail himself or herself out due to financial reason, any other individual over the age of 18 can apply for the same.
Through the bail system, one can ensure that the person who got arrested appears in front of the court. Once the bail amount is paid the detainee is released. The amount charged depends on the severity of the crime. It can range up to a pretty staggering amount. If the bail amount is very high then it becomes impossible for the defendant to pay the full amount. In these circumstances they have to opt for an option called the bail bond.
A Bail Bond is a security bond which is also known as a surety bond issued by insurance companies, covering the risk involved in releasing a defendant in judicial custody until the conclusion of the trial. Insurance companies make use of bail bondsmen to get all the work done. Once the judgment is over the bail bond is released.
Collateral is something the bail bondsman asks for so that defendant appears in court when the hearing proceedings take place. Assets like real estate and cash are paid to acquire collateral. After the trial ends the agent returns the collateral to the defendant. There are companies who even offer services without taking collateral. One should always choose a bail bondsman who is experienced and accessible to suit individual unique needs.
The cost of the bond is fixed by the government and it cannot be negotiated as it is against the law. One should be very wary of bail bondsmen offering discounts over the proposed rates. Generally the cost is set at 10% in almost every state including California. Bail bond cost is not inclusive of any taxes or hidden charges. For a $20,000 bail the defendant only needs to pay the cost of $2,000 to the bail bondsman to get released.