If you reside in New Jersey 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 instrument.
The two types of lost instrument bonds are:
1) A Fixed Penalty Bond is for instruments whose value never changes and stays the same throughout its lifetime.
2) An Open Penalty Bond is for instruments whose value changes over a period of time.
There are different types of lost instruments, with the most common being common & 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 ensure that you get the bond you need.
The premium (cost of the bond) will vary depending on the amount of the bond coverage needed and whether it is a fixed penalty or an open penalty bond that is needed. SuretyGroup.com offers free, no obligation quotes.
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