317-531-5447! 8% Surety Bail Bonds! Bail Bonds! Surety Bonds vs. Cash Bonds!
Smith American Bail Bonds
8902 Otis Avenue Suite 123A
Indianapolis, IN, 46216
55 S. State Avenue Suite #355
Indianapolis, IN, 46201
Surety Bonds vs. Cash Bonds
Today as of Fall 2022 Smith American Bail Bonds is considered the best bail bonding agency in central Indiana and the state of Indiana. Smith American Bail Bonds also has over 200 five-star Google customer reviews combining both locations. Smith American Bail Bonds understands how hard and upsetting it can be to have a loved one incarcerated. This bail bonding agency has the top bail bondsmen in the entire state of Indiana. As of today, most bail bonding agencies provide 10 percent surety bail on the bail bond premium. Smith American Bail Bonds provides 8 percent surety bail bonds on the bail bond premium. This bail bonding agency understands the stress that comes on individuals when they must pay 10 percent cash bonds or surety bonds due to financial struggles that come upon families. Due to the financial struggle families deal with Smith American Bail Bonds will always provide 8 percent surety bail because it's more affordable for families who need to post bail for their loved one when dealing with a financial crisis.
Smith American Bail Bonds 8% Surety Bonds Rates:
1.) $1,000,000.00 Surety – pay $80,000.00 dollars.
2.) $500,000.00 Surety – pay $40,000.00 dollars.
3.) $250,000.00 Surety – pay $20,000.00 dollars.
4.) $200,000.00 Surety – pay $16,000.00 dollars.
5.) $150,000.00 Surety – pay $12,000.00 dollars.
6.) $100,000.00 Surety – pay $8,000.00 dollars.
7.) $80,000.00 Surety – pay $6,400.00 dollars.
8.) $75,000.00 Surety – pay $6,000.00 dollars.
9.) $60,000.00 Surety – pay $4,800.00 dollars.
10.) $50,000.00 Surety – pay $4,000.00 dollars.
11.) $40,000.00 Surety – pay $3,200.00 dollars.
12.) $30,000.00 Surety – pay $2,400.00 dollars.
13.) $25,000.00 Surety – pay $2,000.00 dollars.
14.) $20,000.00 Surety – pay $1,600.00 dollars.
15.) $15,000.00 Surety – pay $1,200.00 dollars.
16.) $10,000.00 Surety – pay $800.00 dollars.
17.) $7,500.00 Surety – pay $600.00 dollars.
18.) $5,000.00 Surety – pay $400.00 dollars.
19.) $2,500.00 Surety – pay $200.00 dollars.
20.) $1,000.00 Surety – pay $80.00 dollars.
What Is a Surety Bond & How does it work?
A surety bond is not a typical insurance policy. A surety bond means you have to go through a licensed bail bondsman to pay a premium on a surety bond that the judge has set on the defendant. The Surety bond requires any individual who is 18 or older to post the bond on the individual who is incarcerated. In some cases, if the bond is set very high and the defendant seems to be a flight risk the bondsman may request collateral to assure the defendant will show up for court and not violate the bail bond conditions that that been set by the court.
Surety Bail Collateral
When conducting a surety bond, collateral is routinely utilized to protect the surety bond company from potential loss. The surety bond Company provides a guarantee that the principal will perform the obligation for the Obligee.
What is a Cash Bond?
A cash bond requires the full bail amount to be paid to the court. The court will hold onto the full cash bail amount until your criminal case is concluded. At that point, the bail is returned to you. Cash bonds cannot go through a bail bondsman. Who can post a cash bond? You, your family, or your friends can post a cash bond.