If you reside in Connecticut and have a lost, stolen or destroyed valuable document or instrument, then you need a Lost Instrument Bond. A lost instrument bond protects the original issuer from a financial loss as a result of issuing a duplicate document or instrument.
There are two types of lost instrument bonds:
1.) Fixed Penalty Bonds For instruments or documents whose value never changes.
2.) Open Penalty Bonds For instruments or documents whose value can change over a period of time.
There are different types of lost instruments, with the most familiar being common and preferred stock certificates.
Other examples of lost instruments can be:
If you are unsure of what type of lost instrument bond you need, SuretyGroup.com can help. We will identify whether you need a fixed or open penalty bond and ensure that you get the bond you need.
The premium (cost of the bond that you pay) will vary depending on the amount of the bond coverage needed and whether it is an open penalty or a fixed penalty bond that is needed. SuretyGroup.com offers free, no obligation quotes.
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