If you own a valuable document such as a stock certificate that has been lost, stolen or destroyed, more than likely then you will need a Lost Instrument Bond. The bond protects the original issuer from any financial loss that can be a result of issuing a duplicate.
A Fixed Penalty Bond is for an instrument or document that keeps the same value as when acquired, such as certified check.
An Open Penalty Bond is for an instrument or document that can change in value, such as a common stock certificate.
Examples of what is considered a lost instrument:
The premium or “cost” for a lost instrument bond is dependent on the amount of the bond needed and if you need a fixed or open penalty bond. SuretyGroup.com provides you with a quote at no cost. Just ask, we are here to help.
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