(844) 589-9732

Alaska Replevin Bond

September 3, 2020

An Alaska replevin bond issued pursuant to Rule 64 of the state's statutes. The surety bond is a requirement as a condition of a Plaintiff taking possession of a property, pre-judgment. Up to a $100,000 requirement, our agency offers this bond without a credit check inquiry. Please call: 844-589-9732.

Alaska Replevin Bond | AmeriPro Surety Bonds

844-589-9732

 

 

 

Surety Bond; Definition and Purpose

 

 

 

A replevin action takes place when a Plaintiff, in a civil litigation proceeding, wishes to obtain the disputed property of a Defendant(s) before a judgment takes place.

The court allows this arrangement; however, as a condition of doing so, requires the Plaintiff to obtain a surety bond on behalf of the Defendant.

The purpose of the surety bond requirement is this: The surety bond serves as a financial guarantee that if the Defendant is subsequently determined by the court to have wrongly had their property removed, the surety bond serves as monetary compensation for the loss or harm caused by the issuance of the replevin action.

Alaska Rule 64(c) mandates the “security” requirement of those who wish to obtain a replevin action. The amount of the surety bond required is determined by the presiding court.

 

 

 

Qualifying and the Premium

 

 

 

Our agency automatically approves your for the Alaska replevin bond for any amount up to $100,000 without a credit check inquiry. What this means is that there is no credit underwriting criteria involved.

Amounts greater than $100,000 will have your completed application reviewed by a surety bond underwriter. This review will also include a credit check inquiry, and good credit will be required for approval.

Regardless of the amount of your AK replevin surety bond requirement, our agency will need the following from you:

  • A copy of the court order (from you or from legal counsel) mandating the replevin surety bond. This order is important because, besides demonstrating the surety bond requirement, it provides our agency with practically all of the information to be included on your surety bond. Providing us with this order is the first thing that we’ll need;
  • A completed surety bond application. To facilitate ease and timely completion of the application, we can send to you via DocuSign. The scan and email method, of course, is always still available, too;
  • Upon approval of your replevin bond, payment of the first annual premium.

Once your premium is received our agency issues your surety bond. Included with your bond will be a Power of Attorney form.

We will sign your bond as Surety; upon receipt by mail, you’ll sign your bond as Principal (or for legal counsel, your client will sign). You will then file your surety bond and POA form with the respective court.

 

 

 

Annual Renewal of Your Replevin Surety Bond Premium

 

 

 

Your premium for the Alaska replevin surety bond renews annually on the anniversary of your bond’s issuance. This is so for as long as the presiding court requires surety.

Options exist to prepay your premium (known as a premium prepayment). This saves you money over annual renewals. However no refunds, prorated or in full, are offered should your case resolve before the end of your premium payment term.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. Our agency provides replevin surety bonds nationwide.

We also provide license and permit, other Court, probate, and fiduciary surety bonds in Alaska and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you...

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