There has always been a mix-up in the definition of an immigration bond with that of a bail bond. A bail bond is what ensures that a defendant appears in court on all the set dates as they await the outcome of their case. An immigration bond, on the other hand, is what ensures a person present in a country unlawfully makes it so court for their immigration case, before it is decided whether they will be deported, given residency, or any other outcome. The state in which the case is heard determines the bail bond. Immigration bonds are governed by the federal government. Bail bonds are known to have the same premium rate, which is ten percent of the bond value. Immigration bonds do not have such a uniform reference percentage or figure.
As much as the federal government will be in charge of the immigration bond, the state in which the bond is sought shall determine the amount imposed on it. The government determines which and how some insurance companies shall offer these immigration bonds. If the insurance company wishes to transact immigration bonds in various states, then it must file for a premium rate in all those states in question. As soon as the state approves of its filed rates, this shall be the rate they will impose on all clients within its borders.
There are different companies out there charging different rates in the same state. If you are in search of such a bond, you need to be aware of this information. If not, you will most likely end up paying way higher for something you would have gotten for cheap elsewhere. There are also companies that may ask you to pay once, and others that will ask you to keep paying annually. There are also other forms of payment imposed by different companies. There are some with a fixed number of years’ worth of rates you have to pay. Should your case end earlier, you will be left making payments for a service you no longer need. You therefore need to be careful with where you agree to settle, as there is a chance you may have bought an expensive for nothing plan that you do not need.
You, therefore, need to find out from the company you approach certain things. You need to know the amount they shall charge for this service. You need to know if there are renewal fees. You also need to know if they have been officially appointed to offer these bonds.
Desperate moments are how most people end up with the wrong services. Since you are unaware of its terms and conditions, you will end up suffering their consequences later. You need to be careful with what you agree to get into.