LOST INSTRUMENT BOND
American Surety Bonds Agency, LLC provides simplified and fast underwriting for all types of Lost Instrument Bonds.
What is a Lost Instrument Bond?
A Lost Instrument Bond is required by the issuer of the financial instrument if the financial instrument (cashier’s check, money order, stock certificate, promissory note, etc.) has been lost, stolen or damaged. It guarantees that the obligee will be kept whole if for some reason the original instrument is accidently redeemed by the obligee.
The amount of the bond is determined by the original issuer of the financial instrument. It is usually a percentage of the value of the financial instrument.
What are the underwriting guidelines?
Lost Instrument Bonds are underwritten on the following criteria:
- Type of Financial Instrument
- Bond Amount
- Bond Form
- Corporate and/or Personal Credit History
- Corporate and/or Personal Net Worth
- Obligee Obligation
How much does the bond cost?
American Surety Bonds Agency has a number of programs in place for Lost Instrument Bonds. Our 5 tiered programs start at less than 1% of the bond amount with competitive rates for all applicants.
Contact us today to find out which program you qualify for.
How do I apply for a Lost Instrument Bond?
To apply for a Lost Instrument Bond, simply click here to complete our application. Or, give us a call and we will be happy to get you started.
Apply today, Approved Today!
Who can I contact for more information?
MM, Senior Underwriter
Are there any other bonds I might need?