What is a Replevin Bond?
A Replevin Bond is required by the plaintiff in a court of law to secure property from the defendant. The bond requirement is initiated by replevin, a court action allowing the plaintiff to take back property held by the defendant prior to trial. The bond guarantees to the defendant that the property will remain in its current condition and will not be sold or otherwise disposed. This protects the defendant in the event that the court rules in his or her favor and the property has been damaged.
How Much Does a Replevin Bond Cost?
Replevin Bond prices vary based on the bond amount and the applicant. Most bonds are priced starting from 0.5-1% of the bond amount. Request a free, no-obligation quote and one of our bond specialists will look at your specific circumstances.
It is important to note that court bonds always require that collateral is posted in advance in the amount equal to 100% of the bond obligation. The collateral must be in the form of cash, or cash equivalent and is in addition to the premium charged for the bond.
We cannot complete your request without evidence of a cashier's check or a bank letter.
If you'd prefer to speak with one of our bond specialists, please call us at 1-800-608-9950. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.