Large Appeal bond for 2.5 million

[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.

[Surety Queen]

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.