How does collateral work, and is it necessary?

A. Collateral is either real or personal property that can be used to offset the liability associated with a bail bond. It can also be used to secure any balance of the premium. Collateral is not always necessary, however, the larger the bail bond the more likely collateral will be needed. All collateral is returned to the depositor upon completion of the court process and the premium being paid in full. ... more