The bond amount and premium are different
The court sets the bond amount. The professional surety premium is the charge for the bail bond service. Mile High Bail Bonds uses a 15% premium for bonds under $3,000 and a 10% premium for bonds of $3,000 or more, subject to applicable requirements and the signed agreement. Ask for the payment obligations before signing.
Collateral is separate from the premium
Collateral is property or value used to secure obligations under an agreement. It is not the same thing as the premium. If collateral is requested, ask what is being accepted, how it will be documented, and what must happen before it can be returned.
Keep the paperwork
- A receipt after payment is made
- Copies of the signed agreement
- Written payment obligations
- Written collateral terms when collateral applies
- An explanation of the co-signer's duties
Common questions
Is the bail bond premium refundable?
The premium is the charge for the bail bond service, not a deposit with the court. Review the signed agreement for the terms that apply to the bond before paying.
Is collateral the same as the premium?
No. The premium is the charge for the bond service. Collateral is property or value pledged to secure defined obligations under the agreement.
Check current information at the source
Jail, court, and bond procedures can change. Use these links to confirm current details.
Colorado Judicial Branch: Types of Bonds