Bail bonding is one of the most overlooked legal areas in the United States. On a daily basis, lawyers, clerks, and even magistrates who work in the criminal justice system are unable to have even the clearest understanding of the bail bond process. Add to that the fact that most people who need the services of a bail bondsman (or at least think they do) are also befuddled by the stress of having a loved one incarcerated. Bail bondsmen, without a doubt, have a competitive advantage when it comes to negotiating the terms of their company, if there is any negotiating at all. Have a look at Connecticut Bail Bonds Group.
So, how can someone who has no idea what this mysterious occupation entails ensure that they aren’t overpaying? Let me start by emphasising that the aim of this article is to include only enough details about bail bonds so that the reader can get the best deal possible. I’m not going to go through every detail of the bail bonding process because knowing everything isn’t enough to get the best deal. In addition, we are discussing the use of massive bail bonds. A bail bondsman is not interested in a heated exchange for a $1,000 bail bond. Your bailee will most likely stay in jail until you pay the bill.
The difference between Surety and Property bail bondsmen is an issue that must be addressed in order to limit the negotiations to bail bonding firms that can truly assist you. We’ll get to that in a moment, but first, let’s take a look at what a typical bail bond entail. A bail bond usually costs 10% of the bond amount, so a bondsman would charge you $100 to post a $1,000 bail bond, for example. It’s common practise in this industry to tell clients that this price is non-negotiable since the percentage rate is set by law and cannot be adjusted. This is only partially true. This is where understanding the differences between the two types of bail bonding companies comes in handy, and it all comes down to collateral.