If you reside in Iowa and have a stolen, destroyed or lost 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.) Open Penalty Bonds are for instruments or documents whose value can change over a period of time.
There are different types of lost instruments, with the most common being preferred and common stock certificates.
Other types of lost instruments can be:
If you are unsure of what type of lost instrument surety bond you need, SuretyGroup.com can help. Since each situation is different, we can determine whether you need an open or fixed penalty bond and ensure that you get the bond you need.
The premium that you pay will vary and is dependent on the amount of the bond 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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