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A replevin bond is required by the civil court of the plaintiff in order to gain possession of property they believe the defendant is holding illegally. As the plaintiff, custody of the property will be granted during the case and you would need to obtain a replevin bond as a guarantee that in the event you lose the case, the other party is guaranteed protection. If the case ends with the judge ruling in favor of the defendant, they can seek restitution for any harm that has been done during the duration of the temporary seizure of the property by the plaintiff.
After obtaining a replevin bond, it will stay in effect until a decision has been made and it is released by the court. The surety company will charge an annual renewal premium as long as the bond is outstanding and hasn’t been released by the court. So, it’s best to get it released as soon as possible in order to avoid additional bond premium costs.