Selecting a bail agent (bail bondsman) is a very important decision. There are many choices and bail bondsmen out there, we believe that Woods Bail
Bonds bondsman are the best suited to help you, your friend or loved one get out of jail as quickly as possible. Bail bond information varies from state
to state, i.e. Michigan bail laws are different than Indiana bail laws, but understanding the basic rules regarding posting a bail bond will help you make a
more informed decision when time is of the essence. Don't panic when someone you know winds up on the wrong side of a cell door – call the most
reliable bonding service in Indianapolis, Woods Bail Bonds! For free consultation about your legal jail and bail rights or to arrange fast bond service for
an incarcerated individual, call Woods Bail Bonds at any time of day or night. We're always here to help!
What is a bail bond?
The bail bonding process involves a contractual undertaking guaranteed by a bail agent and the individual posting bail. The bail agent guarantees to
the court that the defendant will appear in court each and every time the judge requires them to.
For this service, the defendant is charged a percentage of the bail amount. Before being released the defendant or a relative or friend of the
defendant, typically contacts a bail agent to arrange for the posting of bail. Prior to the posting of a bail bond, the defendant or a co-signer must
guarantee that they will pay the full amount of bail if the defendant does not appear in court.
A family member or a close friend of the defendant can post bail and cosign (taking financial responsibility). Collateral is not always required for a
person to be bailed from jail. Often a person can be bailed from jail on the signature of a friend or family member. Cosigners need to be working and
either own or rent a home in the same area for some time.
If the defendant "skips bond", the cosigner is immediately responsible for the full amount of the bail if the judge "forfeits" the bond. If the defendant is
located and arrested by the bail agent the cosigner is responsible for all expenses the bail agent incurs while looking for the defendant.
A bail bond (surety bond) is a financial guarantee to the court that the defendant will appear in each and every court appearance as the court directs.
Failure of the defendant to comply with the conditions of the court could result in warrants issued and bail bonds forfeited.
Where can a bail bond be posted?
A bail bond can be posted at most courts and jails. Most jails accept bail bonds 24 hours a day, 7 days a week, 365 of the year.
How much does a bail bond cost?
Most bail bond premiums are ten percent of the full bail amount. For example, if the full bail amount is $10,000.00, the premium (fee) for the bail bond is
$1,000.00. These fees are established by the surety companies and regulated by the Department of Insurance.
Is the bail bond premium refundable?
No. Once the bail bond is posted and accepted by a court or jail, liability is taken on the bail bond. At that point the bail bond premium is fully earned
and is not refundable.
How long is a bail bond good for?
A bail bond is good for three years. If the case goes beyond the three years, the premium must be paid again in order to keep the bail bond current.
Who is liable for the bail bond?
The indemnitor (co-signer) is financially liable for the bail bond. The indemnitor’s liability is limited to the full face value of the bail bond.
What do I need to bail someone out of jail?
There are few things a co-signer needs to bail someone out of jail:
1. Valid ID
2. Pay Check Stubs
3. Proof of Age 18 or Older
4. Current Bill (utility,etc.)
Bonds bondsman are the best suited to help you, your friend or loved one get out of jail as quickly as possible. Bail bond information varies from state
to state, i.e. Michigan bail laws are different than Indiana bail laws, but understanding the basic rules regarding posting a bail bond will help you make a
more informed decision when time is of the essence. Don't panic when someone you know winds up on the wrong side of a cell door – call the most
reliable bonding service in Indianapolis, Woods Bail Bonds! For free consultation about your legal jail and bail rights or to arrange fast bond service for
an incarcerated individual, call Woods Bail Bonds at any time of day or night. We're always here to help!
What is a bail bond?
The bail bonding process involves a contractual undertaking guaranteed by a bail agent and the individual posting bail. The bail agent guarantees to
the court that the defendant will appear in court each and every time the judge requires them to.
For this service, the defendant is charged a percentage of the bail amount. Before being released the defendant or a relative or friend of the
defendant, typically contacts a bail agent to arrange for the posting of bail. Prior to the posting of a bail bond, the defendant or a co-signer must
guarantee that they will pay the full amount of bail if the defendant does not appear in court.
A family member or a close friend of the defendant can post bail and cosign (taking financial responsibility). Collateral is not always required for a
person to be bailed from jail. Often a person can be bailed from jail on the signature of a friend or family member. Cosigners need to be working and
either own or rent a home in the same area for some time.
If the defendant "skips bond", the cosigner is immediately responsible for the full amount of the bail if the judge "forfeits" the bond. If the defendant is
located and arrested by the bail agent the cosigner is responsible for all expenses the bail agent incurs while looking for the defendant.
A bail bond (surety bond) is a financial guarantee to the court that the defendant will appear in each and every court appearance as the court directs.
Failure of the defendant to comply with the conditions of the court could result in warrants issued and bail bonds forfeited.
Where can a bail bond be posted?
A bail bond can be posted at most courts and jails. Most jails accept bail bonds 24 hours a day, 7 days a week, 365 of the year.
How much does a bail bond cost?
Most bail bond premiums are ten percent of the full bail amount. For example, if the full bail amount is $10,000.00, the premium (fee) for the bail bond is
$1,000.00. These fees are established by the surety companies and regulated by the Department of Insurance.
Is the bail bond premium refundable?
No. Once the bail bond is posted and accepted by a court or jail, liability is taken on the bail bond. At that point the bail bond premium is fully earned
and is not refundable.
How long is a bail bond good for?
A bail bond is good for three years. If the case goes beyond the three years, the premium must be paid again in order to keep the bail bond current.
Who is liable for the bail bond?
The indemnitor (co-signer) is financially liable for the bail bond. The indemnitor’s liability is limited to the full face value of the bail bond.
What do I need to bail someone out of jail?
There are few things a co-signer needs to bail someone out of jail:
1. Valid ID
2. Pay Check Stubs
3. Proof of Age 18 or Older
4. Current Bill (utility,etc.)
| Woods Bail Bonds CALL 866-670-0711 or 317-876-9600 38 North Delaware Street Indianapolis, IN 46204 woodsbailbonds@yahoo.com |
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