What is an acceptable form of collateral?
The only acceptable forms of collateral are titles to vehicles owned by either the defendant or their indemnitor, or a deed to a piece of property owned by the defendant or their indemnitor. If the vehicle in question is still financed by a bank or other institution, we cannot use it. In order to use the vehicle title in question, it must be provided by the defendant or one of their indemnitors, not just a random person. If they wish to use their title to get you out, they must also sign for you as well. If the property is still financed by a bank or other institution, we must verify the amount of equity you have built up in your property before we can accurately determine if it is acceptable or not. If neither of these two options is available to you we can also accept full cash collateral in addition to our premium. The full cash collateral would be returned just as any other form of collateral would be, minus our premium.
