Sometimes, we have a friend or relative who might get into trouble with the law. Sometimes, that someone is ourselves. Being in trouble with the law we might be arrested. Getting arrested can be a terrifying experience. This is especially true if this is our first time being arrested.
Being in trouble with the law and getting arrested might mean we need to post bail. Posting bail is an often-misunderstood process. However, this process can be simplified by a clear explanation of the different types of bail that can be requested by the judge. The judge can release a defendant on his or her own recognizance. When released on our own recognizance, we are essentially telling the judge we will be back for all our court appearances.
Sometimes, the court will require a bail be set. This bail could be as high as one million dollars. The amount of bail is usually set by the states. This is to say that for each crime committed in a state, that state has predefined bail set for these crimes. However, the judge might sway a little from the predefined bail amounts set by the state.
This swaying from the predefined setting of bail per crime could mean the judge is showing lenience, or maybe even that the defendant is a possible flight risk. In cases that the defendant is a possible flight risk, the judge might not allow bail at all. When the judge does not allow bail, the defendant is detained in custody until all court appearances have been completed.
There are many ways one can post bail for their friend or loved one. There are ways we can post bail for ourselves, as well. Posting bail for a friend or loved one could mean getting a surety bond. A surety bond is a bond that states the bond holder will see to it that the defendant attends all required court appearances. In the case where the defendant misses the court hearing and there is a surety bond posted, the bond holder can apprehend the defendant for the police.
A surety bond is posted by a bond holder. The person wanting to bail out his or her friend or loved one often gives a percentage of the bail to the bond holder. This is a surety. The bond holder will often ask for about ten percent of the bail. So, if the bail is set at one hundred thousand dollars, the person bailing out the defendant will need to come up with ten thousand dollars bail bond posting Minnesota.
Usually, the bond holder will not give the retainer back to the person who posted the bail. This retainer is how the bond holder will make a profit in posting the remaining bail for the defendant. There are some states that do not allow a bond company to make a profit on posting bond for someone. In these states a person will usually need to pay the court a percentage of the bail.
Acquiring a home is a dream that most individuals have, but only a few ends up achieving. A home is considered a man’s most expensive investment. When a wise person buys one, they should go a notch further and obtain the homeowners’ insurance. Not everyone can afford to rebuild their priciest investment after a disaster destroys it. However, with a homeowner’s insurance, things will be less tough for you after the calamity. Essentially, the homeowner’s insurance policy is the type of property insurance that covers for losses or damages on a person’s house and their possessions. It provides liability coverage against accidents that happen in the home or the entire property. What’s more, the insurance can as well protect you.
What a Standard Homeowner’s Insurance Covers
A standard homeowner’s policy helps the homeowner to cover damages caused by specific calamities as fire, hail, lightning, theft, vandalism, and windstorms. You might wonder why some hazards like earthquakes and floods are not covered in the standard policies. However, working closely with your company for homeowners insurance Silverdale WA is imperative as they will advise you on the available covers that protects one against these disasters.
This one helps protect your structure, the built-in appliances and the wall-to-wall carpet of the house. This means that the house and any connected structures like the cellar or the garage will be protected against the damage. When a covered loss destroys your home, the dwelling insurance will cover for the repairs and the cost for rebuilding the whole structure.
Other Structures Coverage
This covers for the structures that are not attached to your main house, e.g., the garage, sheds, or the guest house. This type of insurance covers the costs due to the damage.
Personal Property Coverage
This will help protect your home belongings. Belongings covered here are your fittings or electronics when they are damaged by a covered loss.
This one protects you from any costs connected with bodily harm sustained by your guests in your home. It also covers any expenses that may come up due to negligence such as loss of wage, pain and suffering, individual medical bills and more. At times, it may cover for the legal defense cost if a dispute arises.
Loss of Use Insurance
If a covered loss makes you move out of your property temporarily, the above coverage will protect you against your living expenses or any additional housing. In severe cases, homeowners may have to leave their houses to live in a temporary apartment or a hotel to pave the way for repairs or overall rebuilding of their homes to take place. At this time the loss of use coverage will get you covered.
Obtaining a homeowner’s insurance is not mandatory like the auto insurance. Therefore, you can decide to purchase or not obtain it. Nonetheless, your lender may demand that you acquire it plus a specific level of home insurance coverage. Ultimately, it is an essential way of protecting your investment. In case of a calamity, your wallet will be spared a significant chunk of money.