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A Lost Instrument Bond is required in Alabama if you own a valuable document that has been lost, stolen or destroyed. The bond protects the original issuer from any financial loss as a result of issuing a duplicate and is sent to the financial that the certificate originated from.
Types of bonds:
Open Penalty Bonds are for items whose market value fluctuates.
Fixed Penalty Bonds are for items whose value remains the same over time.
The most common types of lost instruments are common and preferred stock certificates and municipal and corporate bonds.
Other examples of lost instruments are:
If you live in Alabama and need a Surety Bond to replace one of your important documents, SuretyGroup.com can help.
The premium (cost) that you pay will depend on whether you need a Fixed Penalty or and Open Penalty bond, and the value of the instrument. Our Surety Bond Specialists can provide you with a free, no-obligation quote.
Check out our FAQ page. Should you need or choose to buy a surety bond, SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application.