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Originally Posted by Bond Guy I am looking for information on a very large appeal bond. A local county government lost a civil rights case and is appealing. The damages are $8,500,000-- The county has insurance for $6,000,000 and is obligated for the additional $2,500,000. What are the bond rates for something like this. They have the collateral to back up this limits. |
That's good about the collateral as it will undoubtedly be required for any kind of
appeal bond. As far as premium is concerned, I suggest you call our office to speak with the bond specialist who handles the
court bonds. He will be much better suited to give you an idea about the premium.