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Lost Instrument Bond
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Bonds Express offers Lost Instrument Bonds for persons and corporations to replace an instrument that is lost, stolen, or destroyed.
The purpose of the Lost
Instrument Bond is to ensure that the corporation, shareholders, and
transfer agents are protected against any claims that may arise as a
result of the instrument being replaced. This Lost Instrument Bond also
serves as a guarantee that if the lost instrument is found at a later
point in time, it will be returned to the Surety writing this Lost
Instrument Bond for proper disposal so future economic loss from this
instrument cannot occur.
To
obtain a Lost Instrument Bond, the instrument must be lost for a
minimum of 30 days; and the term of the Lost Instrument Bond is one
year.
There is no minimum Lost Instrument Bond
amount, nor is there a maximum Lost Instrument Bond amount. There is a
minimum charge of $100 for a Lost Instrument Bond and this charge is
applied for lost instrument replacement valued up to $5,000. For
instrument amounts valued over $5,000, the rate for the Lost Instrument
Bond through Bonds Express is is typically $20 per thousand dollars of the instrument's value (in some instances, this rate will be cheaper).
The Lost Instrument
Bond is based upon your personal credit and it is very important that
the financial section of the Lost Instrument Bond application is filled out completely. It is also required that you also send a statement
that details the circumstances surrounding your lost instrument and the
date of loss.
Please click on the application link below and fax it to us to get your Lost Instrument Bond quote within 24 hours!
