The Main Types of Bonds Available at Our Panama City Bail Bond Center

Navigating the bail bond process can be tricky. Below we explain three main types of bonds available and how they work. If you or a loved one need assistance with posting bail in Panama City or the surrounding Florida area, give Steele Boys' Bail Bonds a call for quick and professional service.

Surety Bond

This is the most commonly used bond for getting a defendant out of jail. Surety bonds cannot be directly paid by the accused, they are often paid by a close friend or family member. Surety bonds typically cost 10 percent of the bail amount. If the defendant makes it to their court hearing, the bond amount will be returned. But if they fail to appear, that amount will be forfeited.

Insurance Company Bond

This bond is paid to the court by a bail bond company. In exchange, the defendant will pay a fee and must provide the bail bond company with collateral, such as real estate, vehicles, or other valuable items, which will be taken to cover the cost of the entire bail amount if they do not make it to their hearings.

Personal Recognizance Bond

Personal Recognizance bonds are often granted to first-time offenders of non-violent crimes, and defendants who have a high likelihood of appearing at their trial. No money or collateral is required for this type of bond. The defendant must sign an agreement promising to appear in court and not commit any crimes while awaiting their hearing.

Bail Bond Services in Panama City

If you or your loved one need help with posting bail after an arrest, be sure to get in touch with a reputable bail bond agent. For bail bonds in Panama City, Bay County, and throughout Florida, contact the experts at Steele Boys' Bail Bonds at (850) 403-0214. Steele Boys' Bail Bonds provides 24/7 bail bonds in Panama City. We offer bonds for everything from misdemeanors to felonies. Give us a call today with any questions about the bail-posting process!

Steele Boys' Bail Bonds Blog
Posted: March 2022

Written and Published By MORBiZ