When Life Happens – Get a Lost Instrument Surety Bond
An ordinary piece of paper may not seem to be worth much. But when that paper is a stock certificate, cashier’s check or property deed, the value of that paper can be tremendous.
But life happens.
What if that valuable piece of paper accidentally got pitched during a move, was stolen from your car, or fell into the hands of a curious toddler?
Lost Instrument Bonds can save the day.
You will need a duplicate of the document. But the issuer of the original document won’t provide a duplicate just because you smile and ask nicely. If the original turned up and was cashed in, they would lose out financially. They want a guarantee that if the original surfaces, it will be returned for proper disposal. They also want a guarantee that you are the legal owner of that document.
That guarantee is a Lost Instrument Bond. You will need to produce this bond before the issuer will give you a new document.
There are two types of Lost Instrument Bonds: Fixed Penalty and Open Penalty.
Items that don’t change in value, such as certified checks and certificates of deposit.
Items that can fluctuate in market value, such as stock certificates and bonds.
The amount of the bond is set by the issuer of the original document, which is usually a percentage of the instrument’s value.
How Do I Get a Lost Instrument Bond?
Lost Instrument Bonds must be purchased from a Surety through a licensed agent, such as SuretyGroup.com.
SuretyGroup.com‘s Surety Bond Specialists can often give you same-day approval that makes the process quick and easy.
Have questions? SuretyGroup.com can help. Give us a call at 1‑844‑432‑6637 and our Surety Bond Specialists can walk you through the bonding process.
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