An appeal bond, also called a supersedeas bond, is posted by the losing side of a lawsuit so it can appeal and delay paying the judgment.
- Who needs it
- The losing side that wants to appeal
- Typical bond amount
- 1 to 1.5 times the judgment
- What you pay
- A small percent, plus collateral on large bonds
- Term
- Until the appeal is decided
- A claim protects
- The party that won the case
What is an Appeal Bond?
An appeal bond protects the side that won the case. When you appeal, you ask to wait before paying. The bond promises that if you lose the appeal, the winner still gets paid, plus interest.
This lets you appeal without the winner worrying that the money will disappear while the appeal drags on.
Who needs an Appeal Bond?
Anyone who lost a money judgment and wants to appeal may need one. Courts often require it before they pause the payment.
The amount is usually the judgment, plus extra for interest and costs, so these bonds can be large.
How does an Appeal Bond work?
Here is how it works:
- You lose a case and decide to appeal.
- The court sets the appeal bond amount, often 1 to 1.5 times the judgment.
- You buy the bond from Junno Surety, sometimes with collateral.
- The court pauses the payment while the appeal is heard.
- If you lose the appeal, the bond makes sure the winner is paid.
If the bond pays, you repay the bond company. If you win the appeal, the bond is released.
How much does an Appeal Bond cost?
The premium is usually a small percent of the bond amount. Because the amounts are large, many appeal bonds also need collateral, like cash or a letter of credit.
Junno Surety prices at the industry rate minus 5% and will explain any collateral up front, with no surprises.
What happens if someone files a claim?
A claim happens if you lose the appeal and do not pay the judgment. The bond then pays the winner up to the bond amount, and the bond company collects from you or your collateral.
How to get your Appeal Bond from Junno Surety
Junno Surety can move quickly when an appeal deadline is near. Send us the judgment amount and your timeline, and we will walk you through the bond and any collateral fast.
We are a licensed surety bond agency and can often issue your appeal bond the same day. Start your free quote → or call (762) 499-0237.
Things to know about an Appeal Bond
Appeal bonds are different from most bonds because of their size. The amount is usually the judgment plus extra for interest and costs, so it can be large. Because of that, many appeal bonds need collateral, like cash or a letter of credit, on top of the premium. That is normal, and we will explain exactly what is needed before you commit, with no surprises. Timing matters too. Appeal deadlines are strict, so the sooner you call, the better. If you win the appeal, the bond is released and your collateral comes back. If you lose, the bond makes sure the other side gets paid. Either way, the bond lets your appeal move forward.
Frequently asked questions
Why do I need an appeal bond?
It lets you appeal and delay paying the judgment. It protects the winner by promising they get paid if you lose the appeal.
How big is the bond?
Usually 1 to 1.5 times the judgment, to cover interest and costs. That is why these bonds are often large.
Do I need collateral?
Often yes. Because the amounts are large, many appeal bonds need cash or other collateral. We will explain it clearly up front.
Why is a supersedeas bond another name for it?
Supersedeas is the legal word for pausing a judgment while you appeal. An appeal bond and a supersedeas bond are the same thing.
Do I get my collateral back?
Yes, if you win the appeal or settle and the bond is released. The bond company returns your collateral once its risk is over.