Wednesday, September 28, 2022

Getting an appeal bond w/o collateral

Can a client get an appeal bond without collateral? Sometimes yes. CSBA explains in Qualifying for an Appeal Bond Without Collateral -- While collateral is a critical element in many cases, one-third of the bonds we issue are on an unsecured basis without any collateral.

When clients and attorneys call around to various insurance agents in search of an appeal bond, they are often told that 100% collateral is required. While this is often the case, there are some important exceptions that are important to be aware of.