Bail bonds are a wonderful commodity and service to have on your side in a time of need. Many people may think they have a general understanding of what a bail bond does; but many are also unaware that bail bonds come in several forms. Continue reading to learn about the common types of bail bonds in the industry and their various purposes.

Surety Bonds

Most people are unaware that the term “surety bond” is just the formal name for a bail bond. These are the general types of bail bonds to get a release from incarceration. They are purchased through a bail bondsman or bail bond agency for a percentage of the original bail amount. For example, if a person is arrested for Battery, and their bail is set at $5,000, they would have to pay a bail agency 10-15% of the $5,000 to get out of jail and await their next trial date.

Property Bonds

For those who are arrested under more serious charges other than simple misdemeanors, may be subjected to use a property bond to gain a release from jail. If they do not get bailed from jail, they will have to wait in jail until their next scheduled court date and this could be months later. A property bond is used in cases where people cannot afford to pay the bail amount to get released because they are so high. In these cases, arrestees have the choice to place their properties up in place of cash. Things such as cars, houses, boats, motorcycles, and land can be used legally in place of cash to get bailed out of jail. If the arrested does not show up for all their scheduled court hearings and fails to complete their obligations to the court, they sacrifice the property they put up for bail. Property bonds are a very serious form of bail bonds.

Release on Your Own Recognizance Bonds

This type of bond is more of a verbal bond and does not require payment of any kind. These types of releases from jail are for first time offenders with very minor charges, like j-walking or unpaid parking tickets. In these cases, the jail will release a person without a bail bond on a promise that they will show up for all their court dates and complete the legal process they are obligated to in order to avoid future legal issues.

Indianapolis Bail Bonds

For more information about bail bonds in Indianapolis, Indiana, call 317-876-9600 today. Woods Bail Bonds provides fast and friendly bail services for Hoosiers all over the state. From arrest warrants to jail pickup services, our courteous bail agents are here to help. James Woods and his team of agents offer the most professional and expedited bail bond services around. Call 317-876-9600 and talk to a bail bond agent about help getting out of jail in Indianapolis, IN.