A Lost Instrument Surety Bond is required in Colorado for any lost, stolen or destroyed valuable document or instrument that you may own.
The surety bond protects the original issuer from any financial loss as a result of issuing a duplicate. Most often the original issuer will require a bond prior to re-issuance of the document or instrument in order to protect themselves from any loss.
Colorado requires a lost instrument bond for lost promissory notes. The surety bond amount will be the amount of the promissory note x 1/2 equasl the total bond amount. For example if the promissory note was for $50,000 the surety bond amount will need to be 1/2 times more ($25,000) =$75,000.
If a Surety Bond is a requirement in order to replace your missing important document or instrument, contact SuretyGroup.com and we can help.
The cost is called a premium that you pay for your surety bond. The cost depends on the type of bond needed (open or fixed penalty) and the value of the document. Let our Surety Bond Specialists 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.