A lost Instrument bond or Lost Securities Bond is sometimes requested by banks and other entities when stock certificates, checks, certificates of deposit, mortgages, life insurance policies, or other securities documents are lost or stolen and the owner requests duplicates. The lost instrument bond guarantees that the owner of the lost document will indemnify the bank or other entity for any loss it suffers because of the duplicate securities or other instrument it issued.
Fixed penalty lost instrument bonds – These are bonds which have a fixed amount. These are used in cases when the lost document has a fixed amount such as in the case of a cashier’s check.
Open penalty lost instrument bonds – These are bonds which have an open penalty. These are used in cases where the lost document has a value that can fluctuate depending on the health of the market such as in the case of stock certificates.
You may be required to get a Lost Instrument Bond if you lose any of the following examples:
Savings bank books
Real estate certificates
Municipal or corporate bonds
Life insurance policies
How to Get a Lost Instrument Bond FAST!
Applying for a Lost Instrument Bond is rather simple. Just apply through our easy online forms and submit your bond application. We will contact you soon after with a quote on your bond. You may be asked to submit additional documentation which may be required for your specific situation.
Call our Bonds department at (800) 921-1008, if you have any questions about the application process. We’re always willing to help.
Finally, if you would like to chat with a live customer service representative to walk you through the process of applying and getting approved for a Lost Instrument bond today, click the live chat button below or email our Bonds Manager at Bonds@BFBond.com