Types Of Bail Bonds

Have you been detained or have anyone around you been arrested? You’d want to know how to avoid going to prison. Well, what you need is a bail bond that would keep you out of prison. They last for a year, and are reset at the conclusion of each year unless the guarantee is exonerated. In help you understand the forms of bail bonds better, here are just a couple. Have a look at Connecticut Bail Bonds Group of Hartford CT for more info on this.

There are six forms, they are; -standard bonds This is a kind of insurance loan, which can only be issued by registered insurance agents. The regular form is given when a member of the family or a relative makes contact with the bail agent before freeing the convict. It can be purchased by paying a small bonus plus any associated fees.

Federal Bonds This form can be issued 24 hours a day, 7 days a week. We are special than normal. This type is usually of a higher risk and price than a standard one due to the nature of federal crimes, therefore most agencies ask for a higher deposit.

-Immigration bonds Other types are also specific to the crime committed. One of these is citizenship guarantees, which are for individuals accused of crimes concerning immigrants. They involve a lot of difficulty, and are therefore expensive and hard to get.

-Cash Bonds This type is for individuals who can afford to pay their bail in cash. These are the easiest type to obtain, as they accompany the issuing bond agency with little risk. They also tie up the money used for bail up to a court appearance though. That may impede the ability of the defendant to retain counsel.

-Surety Bonds Some forms include guarantees and stipulations, such as preconditions for driving school or recovery. The bail amount includes insurance, in relation to the precondition.

-Property Bonds This type involves the use of property as collateral; however, it is very complicated and depends entirely on the value of the property relative to the amount required for bail.