Surety Bond

What is a Surety Bond?

Generally, a “surety” consists of one party assuming the responsibility of the borrower’s debt if the borrower defaults. In the case of a bail bond, the “surety” is the bail bond agency and the borrower is the defendant who needs to get out of jail. There is also a third party involved in a surety bail bond: the court, also called the obligee, who receives the payment from the bail bond agency on behalf of the defendant.

How Does a Surety Bond Work?

A bail bond is a type of surety bond, but not all surety bonds involve bail. Surety bonds, if eligible, allow you to get out of jail without paying the full price of your bond because the bail bond agency takes on the responsibility of payment. Owens Bonding Co. does this for just a 10% fee. If not eligible, such as with a cash-only bond or if you are denied bail, bail bond agencies cannot assist with your surety bond. 

If you follow through on your obligations to the court and meet eligibility requirements, the bail bond agency does not lose its money. However, if you miss your court date, or “jump bail,” the agency will lose money unless you are apprehended, which is why bail bond agencies require your personal contact information and sometimes require collateral.

How Can Owens Bonding Help?

A surety bond in Kansas can range in costs from hundreds to several thousand dollars. If you need help affording bail, contact Owens Bonding Co. With bail bond agents across the state, serving 95 counties, we provide fast, local assistance. No matter what charges you face, our agents are here to help get you out of jail. Call us at 866-830-BOND (2663) or find an agent near you.