Lance Surety Bond Associates, Inc.

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Appeal Bonds

Appeal Bonds guarantee that the legal and financial requirements mandated by the court are met if the case is decided for the other side. In the event that the appeal fails, and the higher court confirms the lower court's previous judgment, the appeal bond ensures that the principal (person requesting the appeal) carries out their fiduciary duties.

When are Appeal Bonds required? An appeal bond must be obtained by any party that wishes to appeal a lower court's judgment to a higher court.

Current Market for Appeal Bonds: Throughout the entire surety bond industry, this type of court bonds requires 100% collateral, and it is unlikely that this requirement will go away any time in the near future. This may be partly due to the fact that roughly one-fifth of all parties asking for an appeal win their case. Since appeal bonds require 100% collateral, specialty programs are not currently being offered.