In Arizona, a Lost Instrument Bond is needed if you own a valuable document that has been stolen, lost or destroyed. The bond protects the original issuer from any financial loss as a result of issuing a duplicate, which is then provided to the originating financial institution.
Fixed Penalty Bonds are for items whose value remains the same over time.
Open Penalty Bonds are for items whose market value fluctuates.
The most common types of lost instruments are common and preferred stock certificates, money orders and cashier's checks or checks.
Other examples of lost instruments are:
If you need a Surety Bond in Arizona as a requirement in replacing one of these important documents, SuretyGroup.com can help.
The premium/cost that you pay depends on the bond type (open or fixed penalty) and the value of the document. Fixed and open penalty bonds start as low as 1.5% for good credit. Contact SuretyGroup.com for a free, no-obligation quote.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, call us first. 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