Many states have opted to adopt caps on the maximum amount of an appeal or supersedeas bond, often due to the notion of justice and allowing more people the chance to appeal. This is especially pertinent with blockbuster judgments you hear about due to how often those are overturned or altered on appeal.
Huge damage awards, particularly ones including punitive damages, often are at least reduced and sometimes even completely reversed or overturned. Even the U.S. Supreme Court’s rulings have slid against punitive damages.
Appeal bond caps allow those who have large judgments entered against them at the trial level be able to appeal and have their judgments often altered or reversed entirely at the appeal level. If appeal bond amounts were not capped, they may have just been too expensive to purchase, which would hinder the right to appeal. Click here to learn more.
However, in order to appeal the trial court judgments, you need to obtain an appeal bond that guarantees that you will be able to pay that initial trial court judgment should your appeal fail.
Where can you easily purchase an appeal or supersedeas Bond?
Colonial Surety offers the direct and digital way to obtain an appeal or supersedeas bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are easy — get a quote online, fill out your information, satisfy underwriting requirements, and enter your payment method. Print or e-file your bond from your office. It’s that simple!