How long is a bail bond good for, and can the amount be reduced?
Length of the contract: The bail bond runs for the length of the case that is being bonded. However, the agreement may provide for the payment of premium at inception, and upon “renewal” on an annual basis. Once paid, premium for a bail bond is not refundable. Reduction of Responsibility: Although not usually the case, a court may reduce the amount of bail required. If a bail reduction occurs, the bail agreement should be amended to reflect the reduced exposure of the bail agent and surety insurer. A bail reduction does not result in a refund of premium paid, although it may result in a partial return of collateral. If a bail reduction occurs, it should result in a reduced renewal premium. Under any circumstances, where a bail reduction has occurred, the bail agent and insurer cannot recover more than the amount to which they are actually exposed, plus necessary related expenses.
