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How to Get a Lost Instrument Surety Bond in South Dakota

Close up of a stock certificate, a common Lost Instrument

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Lost Instrument Bonds in South Dakota are commonly required by issuers of securities or their agents to indemnify them from any financial loss as a result of issuing duplicate securities.

What this means is if the original lost instrument is found, it can not be cashed since a duplicate, in the form of a bond was made. If the original lost instrument and the duplicate lost instrument are cashed, the purchaser of the bond (the principal) must repay the duplicate cashed amount.

What is Your Lost Instrument?

The most common types of lost instruments are, unclaimed property, common stock certificates and preferred stock certificates, municipal and corporate bonds.

Other examples of lost instruments are:

  • Life insurance policy
  • Membership certificate
  • Warehouse receipt
  • Check or money order
  • Certificate of deposit
  • Interest coupon
  • Mortgage
  • Bankbook
  • Other financial instruments and securities

  • If you live in South Dakota and need a Surety Bond as a requirement in replacing one of these important documents, call SuretyGroup.com.

    Two Surety Bond Types:

    Lost instrument surety bonds have two common bond types. The open penalty bond is for lost instruments that have a changing value. An example of a open penalty lost instrument would be a stock certificate whose value changes with the stock market. The fixed penalty bond is for lost instruments whose value will always be the same. An example of a fixed penaly lost instrument would be cashiers check. The value of the cashiers check has an unchangeable amount and will stay the same in value. If you are unsure as to which type of surety bond you need for your lost instrument, our bond specialists will help you by determining the bond you need.

    How Much Will This Bond Cost?

    The premium/cost that you pay can depend on many factors including bond type and the value of the document. Fixed and open penalty bonds start as low as 1.5% with good credit. Our Surety Bond Specialists can provide you with a no-obligation quote.

    Related Links:

    South Dakota Unclaimed Property

    More Surety Bond Questions?

    Check out our FAQ page. Should you need or choose to buy a surety bond, buy from us. 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