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What it takes to secure a $1 million bond

Lori Vallow booking photo
Lori Vallow-Daybell

IDAHO FALLS, Idaho (KIFI/KIDK) - After reaching out to a handful of bondsman in and around our area, we've learned that obtaining a surety bond for $1 million, isn't an easy task.

The owner of A-Affordable Bail bonds, Rebecca Evans, tells us Lori Vallow Daybell faces a big hurdle.

"If coming up with a million dollar bond isn't hard enough, the real challenge is that you need to collateralize it and you have to do that for the full amount of the million dollar bond," Evans said.

In this case, Daybell needs to pay a non-refundable premium of $100,000 to the bail bond company to secure her release. One million dollars in assets would also likely have to be secured from Daybell and her co-signers. That's so if she does flee, the bond company can get the $1 million that would be due to the court from the co-signers.

"It takes a lot of coordination and paperwork, property, good credit, people willing to sign, that aligns up all the resources and the collateral needed to make something like this happen," Evans said.

Even with the first two requirements, the bond agents insurance company has to assess the risk of issuing a $1 million bond.

To bail someone out, a bond company uses a power of attorney that allows the individual bond agent to indebt a surety insurance company.

"So ultimately, the state the insurance company is liable, but if they don't pay they come back against the bail agent," Evans said.

The bondsman can also put additional requirements on Daybell like a second monitor, house arrest, or daily check ins.

If Daybell does post bond, Evans says she would be released in less than an hour.

A-Affordable Bail Bonds is not the company working with Daybell's attorneys.

You can view all our previous stories HERE.

Idaho / Idaho Falls / Local News / News / Rexburg / Top Stories
Jilliana Colin

Jilliana Colina

Jilliana is a reporter for Local News 8 and KIDK Eyewitness News 3.

Comments

3 Comments

  1. Seriously? This skank has a pretty bad track record as far as ‘flight to avoid’ is concerned.
    Whether a car lot or a bail bond agency, a business that does not look into its clients’ responsibility level is not real likely to STAY in business that long.
    Also, I believe the whole ‘collateral’ thing is primarily used more as a….menace(?) to assure the bonded will make their court appearance (aka; peer pressure). I am guessing, were other people’s property secured as collateral and then forfeited because that person fled, various lawyers would set off on a feeding frenzy which would scare the **** out of a medium-sized school of hammerheads! Ending, eventually, with a non-attorney parties/their surviving family members splitting up the ten percent or so left after ‘legal fees and expenses.
    And, remember; that ‘contract’ that is supposedly IRON CLAD was written BY one of the hamme….er, lawyers. 😉

  2. Or- reveal the whereabouts of YOUR children! Given the circumstances,though, likely by doing so would negate any potential freedom for poor little Lori Vallow. No sympathy from me.

    1. Actually, IMO, of course, dear little, pious, narcissistic, Lori is between that rock and that hard place. Unless she can find a DRUNK Bail-bond company, she can’t get OUT of jail/sans the collecting $200 without explaining “where the kids are….”and that is likely to only bring more serious charges and a still-higher ‘bail’, should she actually be stupid enough to TELL that. She and her ‘significant other’ simply kept AT crimes until she–at least–got caught. Cry me a ******* RIVER, *****! 🙁

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