Bail bonding is undoubtedly the occupation with the most confusion in our judicial framework. Lawyers, clerks, even criminal justice magistrates who are exposed on a daily basis to bail bonds can often provide the most basic explanation of the process. It is exacerbated by the reality that certain people who are in a situation to require a bail bondman (or at least assume they do) may sometimes find themselves in a troubled condition due to the burden of seeing a loved one in prison. Needless to mention, bail bondsman seems to have more than a favorable advantage when it comes to discussing terms and conditions of their operation, once some bargaining is completed.Checkout bail bond payment plans Greensboro for more info.
And how can an person with no understanding of what this enigmatic occupation actually means make sure they don’t pay more than is reasonable?
Let me start by stating explicitly that this article is intended to clarify just enough regarding bail bonding itself to give the reader ample information to get the best deal. I will not plan to explain the whole bail bonding cycle since, in fact, the specifics need not be known to get the best deal. Furthermore we are debating LARGE bail bonds. No bail bondman would be involved in getting into tense talks for a bail bond of $1,000. Either you pay the bill, or your bailee would still only stay in prison.
There is one compulsory subject that has to be addressed in order to restrict the deals to bail bonding firms that are genuinely willing to support you, and that’s the difference between bail bondsman regarding protection and properties. This is going to be secured early, first let’s look at the standard bail bond.
The generally accepted price for a bail bond is 10 percent of the bond amount, so a bondman will charge you $100 to post a bail bond of $1,000, for example. Telling clients that this price is completely non-negotiable is common practice in this industry because the percentage rate is set by law and can not be changed. Just partly, this is real. It is when the value and comprehension of the two forms of bail bonds undertakings falls into play and it’s all about collateral.
Surety bail bondsman – Surety bail bondsman make up the world’s biggest bail bondman. There are entities that are businesses who have no tangible assets of their own to shore up the bail bond they compose. Rather of buying real assets the bail bondsman deals with an investment firm who directly supplies the bail bond protection. Since an insurance firm is concerned Surety bail bondsman is just a form of insurance provider and as such must obtain an insurance policy for property and casualty. As such forms of bail bonds are just a form of “premium” or fee protection (the 10 per cent) IS fixed in place and can not be adjusted by the bondman. It is the amount to which the insurance provider has filed with the insurance regulator and will thus be adhered.
That is why the first thing that can be answered while looking around for a decent deal is “are you a Surety or Land bail bondman?.”
Land bail bondsman-A land bail bonding firm, on the other side, has guaranteed real estate as the security for the bonds they finance and are thus not obliged to obey any pricing. Profit vs risk is the only limiting factor on price with a property bail bondman. And, danger is that.