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Apex Bail Bonds

Concerning about Apex Bail Bonds

Only in part is this true. This is where the significance and comprehension of the two types of bail bonding firms comes into play and has everything to do with collateral. Surety bail bondsman-The Surety bail bondsman makes up the world’s largest bail bondman. These are people who have no real collateral of their own from their companies to back up the bail bond they are writing.Learn more about us at Apex Bail Bonds

The bail bondsman partners with an insurance company that actually provides the collateral for the bail bond instead of using real property. Since an insurance company is involved, Surety bail bondsman is actually a type of insurance agent and must have a licence for property and casualty insurance as such. Because these types of bail bonds are actually a type of insurance, the “premium” or rate (10%) is set in stone and cannot be modified by the bondman. This is the rate that was submitted by the insurance company to the insurance commissioner and must therefore be adhered to. This is why the first question that should be asked when shopping around for a better price is “are you a Surety or Property bail bondsman?” Property bail bondsman- A property bail bonding company, on the other hand, has promised real estate as the collateral for the bonds they write and is therefore not obligated to follow any pricing at all. Profit versus risk is the only limiting factor in the price of a property bail bondman. And risk is just everything. In conclusion, because they have been confronted with an extremely large bond and take the time to research before, they buy, this information should be helpful to those who may come upon it. Find a reasonable bail bondman for the property and you could save a good amount of money for yourself