What Is an Appeal Bond?
An Appeal Bond, also known as a Supersedeas Bond, is a type of surety bond required by the court when a party wishes to appeal a judgment. It ensures that if the appeal is unsuccessful, the original judgment will be paid, including any associated court costs and damages.
How Does an Appeal Bond Work?
An Appeal Bond involves three parties:
- Principal – The party appealing the court decision (the appellant).
- Obligee – The court requiring the bond to ensure financial responsibility.
- Surety – The provider that issues the bond and guarantees the appellant’s financial obligations.
If the appeal is unsuccessful, the bond ensures that the original judgment is paid in full.
Who Needs an Appeal Bond?
If you have received a court judgment against you and wish to appeal the decision, you may be required to obtain an Appeal Bond before the appeal process can move forward. The bond guarantees compliance with the court’s decision.
How Much Does an Appeal Bond Cost?
Bond costs vary depending on the case and the bond amount required by the court. Premiums are typically based on:
- The total judgment amount being appealed
- The financial strength of the appellant
- Collateral requirements (some bonds may require full or partial collateral)
Why Choose Platinum Insurance for Your Appeal Bond?
- Fast Approval – We expedite the bonding process so you can proceed with your appeal without delay.
- Competitive Rates – Our access to top-rated surety providers ensures the best pricing available.
- Expert Assistance – Our specialists guide you through the bond process to meet court requirements efficiently.
Get Your Appeal Bond Today
At Platinum Insurance, we simplify the process of securing an Appeal Bond so you can focus on your legal case. Request a free quote today to stay compliant with court requirements.