Replevin Surety Bonds are required by a court of law for cases brought forward to determine ownership of property.
These court surety bonds allow a plaintiff to take possession of the property in question from the defendant before a scheduled court hearing. In the event that the court rules in favor of the defendant, the Replevin Surety Bond then guarantees the secure return of any property which has been taken into possession by the court and plaintiff, in addition to compensation for any resulting damages or losses. Claims may also be filed on these surety bonds if the plaintiff refuses to relinquish their property following a loss in court.