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What is the purpose of a Bail Bond?
The purpose of a Bail Bond is to guarantee to the court that
the person being released on the bail bond will make all of
their required court appearances.
What is the Premium?
In Maryland, the cost of the bail bond which is called the
Premium is generally 10% of the total bail amount.
For example, if bail is set at $10,000 the
premium would be $1,000. This is the amount charged by the
bail bond company to put up the bail bond for the full $10,000
so that your friend or family member can be released. You do
not get this money back. The premium is fully earned upon the
release of the accused.
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What is Collateral?
As Indemnitor, you are financially responsible for the bail
bond. As long as the person you bail out makes all of their
court appearances, you will not have to pay any money in
addition to the premium. If the person is simply late to court
or has a valid reason for not being there, we can usually get
them back into court without additional expense to you. If the
person skips bail and we are not able to return that person to
court, you will be required to pay the full amount of the
bail. If we are able to return them to court, you will be
required to reimburse us for actual expenses incurred.
Collateral is money, property, etc. that you deposit with the
bail bond company. The collateral is held until the bond is
exonerated and the premium has been paid in full.
In many situations, we will not require
collateral. Often times, people own homes but do not want to
sign on them. We take a quick application to determine if we
can do this for them.
Other factors may determine if
collateral will be required:
1. Accused person's past arrest history
2. Whether or not accused person is local
3. If Indemnitor is employed
4. How Indemnitor is related to the accused
5. How long Indemnitor and accused have they known each other
What is an Indemnitor or Cosigner?
An Indemnitor or Cosigner is a person who agrees to be
financially responsible for the full amount of the bail bond
in the event the defendant fails to make a court appearance
and cannot be returned to court. An Indemnitor is responsible
for paying any costs incurred as a result of the defendant
missing a court date. If there is more than one Indemnitor on
a bail bond, they are jointly and severally liable. This means
the money could be collected from one or both of them.
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Who regulates Bear-Able Bail Bonds?
The Department of Insurance is responsible for the
regulation of bail agents in Maryland.
What are Bear-Able Bail Bonds business
hours?
We are open 24 hours a day, 7 days a week including holidays.
We are always happy to take your call and assist you in any
way we can.
What areas does Bear-Able Bail Bonds
serve?
Bear-Able Bail Bonds is a 24-hour bail bond service provider
to Maryland and to individuals outside Maryland seeking to
help friends and family who are incarcerated in Maryland. We
primarily serve Anne Arundel County , Baltimore
County, Baltimore City, Howard County and Harford County. We
serve other areas of Maryland and other states on a limited
basis. Call for availability of bail bond service in your
area.
What is the largest bond Bear-Able
Bail Bonds can do?
We specialize in large Bail Bonds from $100,000 to
several million. We have the knowledge and expertise to put
these transactions together. Arranging complex transactions
with multiple properties and indemnitors is our specialty. You
can have up to a year or more to pay the premium as long as
you have sufficient equity in real property to secure the
collateral.
Can Bear-Able Bail Bonds post bail for
my family member who was arrested in another state?
We have bail bond agents in most states that allow bail bonds.
Call for availability in a particular area.
We do not have bail bond agents in the
following states; Kentucky, Illinois, Wisconsin, Oregon and
Massachussetts.
I'm in another state. Can Bear-Able
Bail Bonds post bail for my family member who was arrested in
South Carolina?
We usually are able to, but we will need more information from
you to determine if we can help you. Please call for a free
bail consultation.
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