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In much the same way as an insurance company earns money. A bail bond is basically an insurance contract paid for by an arrested person to get out of jail before trial. The person pays a premium for the bond based on the amount of the bond. If the person shows up for trial, the bondsman keeps the premium. But, if the person skips town the bondsman will have to forfeit the entire amount of the bond to the state of federal government. It works like life insurance only instead of the insurer/bondsman paying the face amount of the policy on the death of the insured, the bondsman pays it on the faiure of the person to show for trial.
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoWhen someone is released on a financially secured bail bond obtained from a bail bondsman, they pay the bail agent a premium for that bond. That premium is typically somewhere between 10%-15% of the total bond. A bail bond is simply an insurance policy taken out by the indemnitor on behalf of the defendant that promises that the defendant will show up in court until his case is completed. If the defendant fails to appear at one of the court appointments, than that bond goes into forfeiture status and the bail agent, who is now liable for the full amount of the bond, will go out and get the defendant and return them to the court.
Wiki User
∙ 9y agoIn order for them to post a bond, they collect generally 10 percent of the total bail amount. Once the trial is done they get released from the bond, but they keep whatever the person put down.
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How much money does a bail bondsman earn in a year?
90000
Do you get money back from bail bondsman?
No. When posting bail (bond) you pay a bondsman an amount negotiated usually 10% of the total bail amount. Example $50,000 bail, you pay the bondsman $5,000 then put up co-lateral worth $50,000 and the bondsman is the one to pay the State/Court the balance. If the person on bail forfeits (skips out) on the bail then the collateral becomes property of the bondsman. The original $5,000 is how the bondsman earns his living.
What all do you have to do to become a bail bondsman?
In order to become a bail bondsman you need to receive your bail bondsman license and take certain exams and need to be approved by the insurance department to be a recognized bail bondsman.
What will i be charged with for hitting a bail bondsman vehical?
my bail go revoked and I hit the bail bondsman's car in the process
Can a bail bondsman apprehend from ny to fl?
Yes, a bail bondsman can travel to other states to apprehend fugitives. The courts, in fact, expect a bail bondsman to do exactly that when necessary.
How do you bail yourself out of jail?
Contact a family member, friend, or bail bondsman who can front enough money to effect your release.
How can you get a bail bondsman to work with you if you don't have all the money needed?
You can get a bail bondsman to work with you if you don't have all the money needed by offering up collateral. Collateral such as a home or car can be used to make up the difference of the bond in most cases.
How to become a bail bondsman in Indiana if your not a resident of the state?
Only residents of Indiana can be legally licensed as a bail bondsman.
How old must you be to become a bails bondsman?
Bail bondsman are regulated by each state. In most states the minimum age to become a licensed bail bondsman is 18.
Free bail bondsman?
There are none. Bail bondsman make their living by putting their own money at risk based only on the fact that you will actually show up in court. They then charge you a percentage of the bail money and that is how they make their living. If no one paid them there wouldn't be any profit in them doing the service. There ain't no free lunch!
If a prisoner appears in court is some of the bond money returned?
That's a private business deal between you and your bail bondsman. If the judge releases you, without bond, you will owe only the amount the bail bondsman charged for his services.
Is bail money returned when the accused gets dismissed?
it depends if you paid in full bail, or a percentage of the bail. If you go to court and your'e case is dismissed all your bond money will be returned if you paid in full. if you paid through a bondsman he will keep the percentage of the bail. Depending on what your bail is set at depends on what percentage the bondsman keeps. example you bond is $3000 you paid the jail that 3000. you would get that all back. but if you used a bondsman he would keep 300 of that 3000 which equals 10% Hope that helps
