What Collateral Can Be Used For Bail Bonds
Bail bonds typically require collateral to be pledged, which is basically like another insurance and surety. The defendant’s number one requirement for a bail bond is to show up for court dates. To further incentivize him or her to honor this agreement, the collateral for a bail bond is pledged and returned at the end of trial. However, if the defendant skipped court, the bail bond company takes possession of the collateral, and revokes the bail bond.
The most common forms of collateral fall under real estate, vehicles, electronics, and other valuables, all with a high value.
To learn more about collateral options and how much and/or what can be pledged, or to get paperwork started for a bail bond, please get in touch with one of our helpful bail agents at Salinas Bail Bond Store either online or by phone at 831-422-8800. Consultation is FREE. Ask about our no down payment bail bonds and discounts we offer. You can call us anytime, we are open 24/7 for your convenience.