5 Important Things To Know About Surety Bonds for Bail
Did you hear about Billy Bingham?
Jailed in a North Carolina prison, Billy was one of the many inmates who caught COVID-19. It was about half-past midnight, when Billy took his last breath, making him the 9th prisoner to die of COVID-19 in North Carolina.
If you have a friend or loved one in jail, you need to act fast. The sooner you can bail them out, the less likely their chances will be of catching COVID-19, or some other type of illness.
How can surety bonds help get your friend out of jail?
Read on to learn 5 important facts about bail bonds services, so you can take action.
1. Surety Bonds Aren’t Insurance
One of the biggest bail bond mistakes people make is believing that surety bonds are the same thing as insurance. Insurance is all about protecting the insured in a 2 party agreement.
Whereas bail bonds in Raleigh are a type of 3 party agreement. The 3 parties involved are the agency requiring the bond, the agency issuing the bond, and the individual getting the bond.
2. Ways to Pay
Did you know that over half the country wouldn’t be able to cover a $1,000 emergency? Thankfully, surety bonds in Raleigh are affordable, even if you’re not strapped with cash.
Here at Absolute Bail Bonds, we strive to make things as easy as possible by providing 4 different ways to pay for bail bonds. You can pay with cash, secured bail bonds, unsecured bail bonds, or own recognize (OR).
3. Refunding Bail Money
Good news! If you pay the bail entirely to the courts and as long as the defendant appears in court for all their court dates, you can receive a full refund for the bail money. Typically, the bail refund goes directly to the defendant minus any court fees . However, the 15% premium paid to the bondsman for a surety bond is non-refundable.
4. Consequences for Skipping Bail
One of the most common questions we hear is, “What happens if the defendant skips bail?”. Keep in mind that bail is a type of conditional release from jail.
If a defendant fails to uphold their end of the deal, it could mean the court keeps the bail money. Additionally, there will be legal consequences for violating a bond.
5. Details Matter
Last but not least, make sure you have all of the correct information when you’re completing a bail application. If you put the wrong address for the defendant, the bond could be revoked. Take your time filling out the application, so that everything is accurate and easy to read.
Take Advantage of Surety Bonds
Now you know 5 important facts about surety bonds. After reading this article, do you think securing a bond is something you’re ready to pursue? If yes, let us help make things as easy as possible.
Fill out the contact us form today. One of our trusted team members will contact you right away to help walk you through the process. Not sure if you’re ready to apply just yet? Reach out to us anyways so we can answer your questions.