If you need to arrange a bail bond for yourself or a loved one who has been arrested, you’ll need to have property to use as collateral on the bond. This way, if the person being released on bail fails to fulfill their obligations, the bondsman can recover the full bail amount. Here are a few items that are acceptable as collateral.

What You Can Offer as Bail Bond Collateral

1. Real Estate

Your house and any land you own are likely the most valuable possessions you have, which makes them an effective option for large bail bond amounts. Just remember that if you forfeit the collateral, this will mean losing your home.

2. Electronics

Electronics are also an option. These can include valuable and easily resold televisions, sound equipment, computers, phones, tablets, gaming consoles, and cameras. Note that they will be appraised at less than their purchase price because they are used.

3. Vehicles

Cars, trucks, boats, campers, motorcycles, farm equipment, and any other type of vehicle can be used to secure bail. You must have the vehicle’s title for it to be accepted as collateral. You also must own the vehicle outright – you can’t still owe payments to a creditor. Bail bond agents will hold onto the title, not the vehicle itself, meaning you can still use your vehicle while court proceedings are underway. 

4. Art, Antiques & Jewelry

Anything you can easily pawn can also help you post bail. Collectibles, antique furniture, watches, gold coins, and musical instruments are each valuable enough to be considered. Even items like rare magazines and comic books can be used.

5. Bank Accounts

You may choose to use your savings accounts as collateral instead of paying the money directly as bail. Before you choose this option, you need to know that the assets will be frozen and will not be available for you to access until after the trial.

For those who need to arrange a bail bond in New Haven County, CT, DiAdamo-Tracey & Big Steve Bail Bonds is the bondsman of choice. Based in East Haven, their 60 years of experience lets them work quickly and discreetly to provide bail solutions tailored to your situation. They’re committed to helping every client with sage advice and fair rates. To schedule a meeting, call (203) 787-2245 or send a message online.