Navigating Bail Bonds and Insurance Solutions
Learn how TRC Insurance Agency can provide the right insurance coverage for unexpected legal challenges.
JUDICIAL BONDS
In the Philippines, a bail bond surety is a financial guarantee provided by a bail bondsman or a surety company on behalf of a person who has been accused of a crime. When someone is arrested, they may be allowed to be released from jail temporarily by posting bail, which is a sum of money set by the court. However, not everyone can afford to pay the full bail amount.
This is where TRC Insurance Agency comes in as a bail bond surety provider. Instead of paying the entire bail, the accused person or their family can approach TRC Insurance Agency for help. TRC seeks surety company to acts as a guarantor or surety, promising to pay the bail amount if the accused doesn't show up in court.
Here's how it works with TRC Insurance Agency:
Contact TRC: The accused person or their family reaches out to TRC Insurance Agency for assistance with the bail bond.
Assessment and Agreement: TRC assesses the situation and agrees to provide a bail bond. Instead of paying the full bail amount, the accused or their family will typically pay a fee or a percentage of the total bail to TRC.
Bail Posting: TRC Insurance Agency posts the bail on behalf of the accused, allowing them to be released from jail.
Court Appearances: The accused person must attend all court hearings as required. If they do, the bail remains intact.
TRC Insurance Agency acts as a helpful intermediary, ensuring that individuals have an option to meet bail requirements even if they can't afford the full amount. It provides a service that allows people to address legal matters while outside of jail, with TRC acting as a reliable partner in this process.
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