Is the premium refundable? Do I get my money back?
The amount of money that is charged for the bail bond premium, usually 10%, is not refundable. The premium will not be returned even if a person was falsely arrested, no charges were filed or if the person gets rearrested right after they are released from jail. The premium is fully earned once the person is released from custody.
What is the purpose of a Bail Bond?
The sole purpose of a Bail Bond is to guarantee to the court that the person being released on the bail bond will make each and every one of their required court appearances.
What is the Premium?
In Southern California, the cost of the bail bond which is called the Premium is generally 10% of the total bail amount.
For example, if bail is set at $10,000 the premium would be $1,000. This is the amount charged by the bail bond company to put up the bail bond for the full $10,000 so that your friend or family member can be released. You do not get this money back. The premium is fully earned upon the release of the accused.
What is Collateral?
As Indemnitor, you are financially responsible for the bail bond. As long as the person you bail out makes all of their court appearances, you will not have to pay any money in addition to the premium. If the person is simply late to court or has a valid reason for not being there, we can usually get them back into court without additional expense to you. If the person skips bail and we are not able to return that person to court, you will be required to pay the full amount of the bail. If we are able to return them to court, you will be required to reimburse us for actual expenses incurred. Collateral is money, property, etc. 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 many situations, we will not require collateral. Often times, people own homes but do not want to sign on them. We take a quick application to determine if we can do this for them.
Other factors may determine if collateral will be required:
1. Accused person’s past arrest history
2. Whether or not accused person is local
3. If Indemnitor is employed
4. How Indemnitor is related to the accused
5. How long Indemnitor and accused have they known each other
What is an Indemnitor or Cosigner?
An Indemnitor or Cosigner is a person who agrees to be financially responsible for the full amount of the bail bond in the event the defendant fails to make a court appearance and cannot be returned to court. An Indemnitor is responsible for paying any bail bond costs incurred as a result of the defendant missing a court date. If there is more than one Indemnitor on a bail bond, they are jointly and severally liable. This means the money could be collected from one or both of them.
Who regulates the Bail Bonds Industry in California?
The Department of Insurance is responsible for the regulation of bail agents in California.
What are Huntington Beach Bail Bonds business hours?
We are open 24 hours a day, 7 days a week including holidays. We are always happy to take your call and assist you in any way we can.
What areas does Huntington Beach Bail Bonds serve?
Huntington Beach Bail Bonds is a 24-hour Southern California bail bond provider and to individuals outside California seeking to help friends and family who are incarcerated in California. We primarily serve Orange County and Los Angeles County. We serve other areas of California and other states on a limited basis through our network of affiliated bail bond agents. Call for availability of bail bond service in your area.
What is the largest bond Huntington Beach Bail Bonds can do?
We specialize in large Bail Bonds from $100,000 to several million. We have the knowledge and expertise to put these transactions together. Arranging complex transactions with multiple properties and indemnitors is our specialty. You can have up to a year or more to pay the premium as long as you have sufficient equity in real property to secure the collateral.
Can Huntington Beach Bail Bonds post bail for my family member who was arrested in another state?
We have bail bond agents in most states that allow bail bonds. Call for availability in a particular area.
We do not have bail bond agents in the following states; Kentucky, Illinois, Wisconsin, Oregon and Massachussetts. Commercial Bail Bonding is illegal in those four states.
I’m in another state. Can Huntington Beach Bail Bonds post bail for my family member who was arrested in California?
We usually are able to, but we will need more information from you to determine if we can help you. Please call for a free bail consultation.