FAQ’s 317-888-3500

What is a bail bond?

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.