Which are the conditions for bailing someone out of jail? This question is probably one of the most common questions we get as a Ventura, CA resident bail bonds company. It’s quite unlikely that someone you ‘re usually talking to really knows what a bail bond is or what the conditions one wants to bail out someone. Here we’ll provide all the information someone would need if they get that call from their friend in prison at 2 am. check that to know more.
Here we are going to set the stage so that the definition is clearest. The defendant, the one calling from prison, has contacted his good friend for this scenario and the good friend will be the signer, or compensator. Let’s first clarify some of the words here:
Defendant: in prison. Arrested. Arrested.
Indemnitor: There are two types of allowances. The first one; self-indenisation. This is when they finally require the defendant, the one in prison, to sign for their own bail. There, the bail bonds agency believes that the defendant is responsible enough to attend their court case and still has ample funds to financially back it up. Second; Signatory or Indemnitor. That is when the defendant touched base with a loved one or a relative and that person decided to sign the defendant’s liability. The indemnifying officer will be responsible for ensuring that the defendant meets all court hearings before the trial is over and is also responsible for the expense of bail bonds to pay up front and even whether there is a payment mechanism.
Premium Bail Bonds: This is the cost of doing business with the bail corporation, 10%. That is, the premium on a $10,000 bond is $1000.
Now the Indemnitor has their friend’s details in jail and their next move is to find a bail bondman. The easily browse the internet and finds few companies to call. It’s agreed to go out with company X after a couple of discussions. The compensator asks, “What do I need to bail my friend out?”
Money: Pay the Premium cost. Bail’s on $10,000. The average is $1000. In several ways this can be paid; cash, credit card, or, in some cases, financing.