There has always been a mix-up in the definition of an immigration bond with that of a bail bond. A bail bond is what ensures that a defendant appears in court on all the set dates as they await the outcome of their case. An immigration bond may seem similar in the sense that the person shall be obliged to appear for all their court dates, but in this case, they have been found to be in a country unlawfully, and are awaiting the outcome of their immigration case, that could result in a residency, deportation, or any other decision. A bail bond is controlled by the state in which a case is held. An immigration bond falls under the docket of the federal government. Bail bonds are known to have the same premium rate, which is ten percent of the bond value. Immigration bonds do not have such a uniform reference percentage or figure.
The intricacies of the immigration bonds are the preserve of the federal government, but the amounts charged are determined by the state where it is sought. The government determines which and how some insurance companies shall offer these immigration bonds. If the insurance company wishes to transact immigration bonds in various states, then it must file for a premium rate in all those states in question. When those rates are approved by the state, it cannot charge any other figure.
You will, therefore, find different insurance companies charging different premium rates for their offered immigration bonds. When you are looking for such a bond, you need to know of these differences If not, you will most likely end up paying way higher for something you would have gotten for cheap elsewhere. There are also companies that may ask you to pay once, and others that will ask you to keep paying annually. There are also other forms of payment imposed by different companies. Some companies impose fixed rates for a set number of years, after which you may extend their services. If your case ends earlier, you are still expected to pay for those remaining years. You therefore need to watch what you sing up for if you are to avoid such disadvantaged positions.
You need to be clear on certain things when it comes time to use such services. You should ask for the final figure for the bond. Ask especially if there are any renewal fees. They also, need to produce proof of their authority to dispense this service.
When you find yourself in a desperate situation, you may end up signing documents without reading them first. You will be left carrying its burden well into the future. You, therefore, need to be careful with the kind of company you approach for such services.