{"id":100,"date":"2019-04-29T13:54:22","date_gmt":"2019-04-29T13:54:22","guid":{"rendered":"http:\/\/www.patelbailbonds.com\/?page_id=100"},"modified":"2019-10-30T14:09:59","modified_gmt":"2019-10-30T14:09:59","slug":"bail-cost-and-fees","status":"publish","type":"page","link":"http:\/\/www.patelbailbonds.com\/bail-cost-and-fees\/","title":{"rendered":"Bail Cost and Fees"},"content":{"rendered":"[vc_row type=”full_width_content” full_screen_row_position=”middle” bg_color=”#992934″ scene_position=”center” text_color=”dark” text_align=”left” class=”inner-page-header” overlay_strength=”0.3″ shape_divider_position=”bottom” shape_type=””][vc_column column_padding=”padding-2-percent” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” width=”1\/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_custom_heading text=”BAIL COST AND FEES” font_container=”tag:h2|font_size:30|text_align:center|color:%23ffffff” use_theme_fonts=”yes”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” top_padding=”30″ id=”inner-page-content” overlay_strength=”0.3″ shape_divider_position=”bottom” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” width=”2\/3″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text]Most bail bond companies, including Patel Bail Bonds, are regulated by the California Department of Insurance. This government organization has set the standardized fee, or \u201cpremium,\u201d a bail bondsman can charge at 10%, meaning that if a defendant\u2019s bail is set at $5,000, the cost of a bail bond company\u2019s premium is required, by law, to be no more and no less than $500. The Department of Insurance makes certain exceptions in the case senior citizens, active members of the United States military, union members, and defendants that have secured legal representation\u2014for these individuals, a bail bondsmen may legally charge 8% of the total bail amount. Take Note: bail bond premiums are always non-refundable, and if the defendant fails to appear in court (called a \u201cforfeiture\u201d), the person who purchased the bail bond (indemnitor) must pay the bail bondsman the total amount of the bail.<\/p>\n

You should be mindful that bail bond companies who offer 5% bail bond fees or \u201ccheap bail bonds\u201d are violating California Law. Any company that offers you these rates or makes these claims is either acting illegally or will put you on a payment plan when you sign the contract. These \u201cprice cutting\u201d bail agents are saying and doing whatever they can to get your business. if you have any question please call our office. 1-800-598-2245<\/p>\n

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Bail Bondsmen are Licensed<\/h3>\n

A California bail bondsman is an individual that is licensed by the California Department of Insurance<\/a> and can legally assist those in need of a bail bond to have a defendant released from jail. Typically, the 10% premium is always paid up-front; however, some exceptions may apply to those that are credit-worthy.<\/p>\n

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HOW PATEL BAIL BONDS EVALUATES RISK<\/h3>\n

Because a bail bond company is essentially using their own money to pay for the total amount of your friend or loved one\u2019s bail, bail bondsmen must evaluate the risk before writing each bond. Risk is evaluated based on a number of different factors, including:<\/p>\n

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The Nature of the Offense
\nThe Criminal Background of the Defendant
\nThe Potential Jail Time Facing the Defendant
\nThe Relationship Between Indemnitor & Defendant
\nEmployment Status of Indemnitor
\nIndemnitor\u2019s Credit Rating & Financial Situation
\nIndemnitor\u2019s Residency Status (Homeowner vs Renter)
\nAssets & Collateral of Either Indemnitor or Defendant
\nBail Bond Payment Method<\/b><\/p>\n

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NEGOTIATING BAIL BOND PAYMENT<\/h3>\n

When applying for a bail bond, both the bail bond company and the indemnitor must agree on how the 10% premium will be paid. Applicants should always be honest about their financial position; even if you have limited funds, Armstrong Bail Bonds will work with you to develop a payment plan or leverage your assets (collateral) to get your friend or family member out of jail as quickly as possible. Types of collateral may include:<\/p>\n