Having a loved one in jail can be an unfortunate experience. Thankfully, one of the fastest ways to get a person out of jail is to hire a bail bond agent. This can help you secure the freedom of your loved one by paying only 10%-15% of the initial bond amount. However, getting a bail bond for their release requires someone other than the accused person to co-sign the bond. This person is known as the Indemnitor.
The purpose of an Indemnitor
When the Indemnitor co-signs a bail bond, they are financially obligated and liable for paying the full bail amount if the defendant fails to appear in court. A bail agent may require the Indemnitor to pledge property (collateral), to ensure their promise that the defendant will appear in court. Forms of property like a house or car are common items that bail bondsmen accept as collateral.
The risks of being a Co-Signer
Choosing to co-sign a bail bond for an imprisoned inmate can help get him or her out of jail quickly, but doing so carries some potential risks for the co-signer. In the event the accused person misses their allotted court times, the bondsman is eligible to recover his or her losses incurred based on the terms of the bail agreement in which pledged collateral can be forfeited.
As long as the defendant agrees to the terms set by the bail agent and shows up for all their court dates, you shouldn’t have anything to worry about. Regardless of whether the defendant is found innocent or guilty, the bond is exonerated once the trial is over and the any pledged collateral is returned according to the terms agreed upon.
Find a Licensed, Professional Bail Bond Agent
In the unfortunate event you find you or a loved one in jail, give Sportsmans Bail Bonds a call for fast and reliable bail bonds. We are ready to serve you with over 20 years of trustworthy, confidential service in Utah bail bonds. Trustworthy, reliable, confidential. Our agents are available 24/7 to help you get back on track, even on holidays. When you work with Sportsmans, you get the best bail bond service in Utah. You can count on us.