Keep Bailing

This week, we read about the effects of a downturned economy on bail bondsmen in Imperial Valley and in San Bernardino. There’s no doubt this tough economy has played some part in our bail bond industry. Like any other business, bail bond customers now have less money and their homes are worth less as collateral than a couple of years ago. The jails are becoming overcrowded and I hear clients say: “With the economy the way it is, we’re going to let him stay in jail.”

As bondsmen, we’ve already been fighting a singular economic battle for some time, because we can’t compete based on price — we’re regulated by the Department of Insurance and are rates are set with them. In addition, our customers may not be very particular:  They often just want to deal with whoever can help them the fastest.

It used to be that good, honest service was the benchmark of a successful bail bond business.  Call me old fashioned, but I still believe this to be true and I really get steamed when I find myself up against bondsmen who break the law to earn a buck – and who then use bad economic times as their excuse.  So I’d like to dispel the belief that their practices have anything to do with a lousy economy.  I want to Read more »

Bail Bonds Demystified

If your friend or family member is arrested, they could be stuck in jail for days, even weeks.  Posting bail is a fast, easy way to get them released until they must return to court.

You may already know that a bail bondsman is the person who goes to the jail to secure that release with a bond.  But do you actually know what a bail bond is and how it works?

A Bail Bond Is…

A bail bond is a paper document, much like a bank check, that is recognized by our courts.  People should not write checks unless they have provided enough money in their bank account to cover them.  A bail bondsman also makes a monetary promise that says: I guarantee the defendant will appear in court whenever a judge requires, on a specific date and time, or I will cover the entire amount of his bail.

Responsibilities When Co-Signing

But this promise is too risky for a bail bondsman to make alone, so they only post bonds after a defendant, friend or family member contacts the bondsman and agrees to become the bond’s co-signer, or “Indemnitor.”   By signing a bail bond contract, Indemnitors also guarantee to help find the defendant if court is missed or pay the full amount of the bail, if the individual cannot be found.

An Indemnitor has to be in a position to offer a bail bondsman something in return if the defendant misses court.  The bondsman considers the character of his co-signer up, making a calculated judgment call based on his experience.  He often asks potential Indemnitors if they have a job and for how long.  Do they have good credit? Are they homeowners? Etc. Etc.  The questions a bondsman asks help him determine whether or not they are the kind of stable, trustworthy people he is willing to write a bond for.  In addition, an Indemnitor’s involvement encourages the defendant to remain committed to his part of the bargain.  Let’s face it, who wants to stiff someone they care about, that helped get them out of jail?

Bondsman Responsibilities

The minute a defendant is released, the jail no longer has authority over him.  He is now considered to be the property Read more »

Scenario: you get a call from a friend, loved one, or worse yet, your child. “Hi, I’m in jail and I’d like to be bailed out.” What do you do? The most frequent first step is searching the Internet for an ethical or trustworthy bail bonds company. But what exactly qualifies “trustworthy” or “ethical“?

Here are four ways to know if the bail bonds companies you are filtering through might be considered unethical or untrustworthy.

1. Undercutting Bail Premiums AKA Illegal Discounts: You’ve narrowed your search for a bondsman online. So you start calling to interview to see which one fits best . The first one you call sounds okay, but when you get to the point of discussing premium (the fee for the bond), they start mentioning discounts that no other bondsman will give you. Suggestion? Tell them, “Thank you for your time, I will get back to you.” Why are you hanging up on this bail bonds company? One word: “discount.” In most states, Read more »

We hear it almost everyday: “What’s your rate?” or ”Can I get a bond at 5%?”

We know when someone calls and starts with those questions, we probably aren’t going to write the bond. How do we know? We know because the legal bail rates in California are clear. The people we deal with for bail are concerned with our professionalism and how quickly and efficiently we can get their situation settled. They aren’t looking to do business illegally.

So why do people who need bail call with such questions? One word: “Undercutting.” This is the term used for the practice of offering illegally low rates on bail. It’s a major problem Read more »

Bail Bonds Are Surety Bonds: A Type of Insurance

When people hear that you’re a bail bondsman, they are always curious about the business. Last month, I blogged about what exactly is a bail bond. Once people understand that a bail bond is an insurance product, the next most obvious question is, “How is the underwriting of a bail bond different than the underwriting for typical insurance?” Comparing to an insurance you may have shopped for is probably the best way to understand the differences.

Let’s say, for example, you need fire insurance for your home, Read more »