What is a Lost Instrument Bond?
The instrument of lost instrument bonds do not refer to musical but rather financial instruments. When a financial certificate such as a cashier’s check is lost or stolen, the institution that issued the check is held responsible. Therefore, if a duplicate check is issued and the lost or stolen check is deposited, the issuer must pay those funds. The lost instrument bond is put in place to guarantee if the original lost instrument shows up in the future, the bonded party will not be able to cash it as well. By requiring this bond, the financial institution ensures the bank does not lose money and afflict an economic loss by paying the amount of the checks worth more than once.
Purchasing Your Lost Instrument Bond
1. Click the Buy Now button.
2. Fill out the easy bond form.
3. Confirm your order and select how you would like your bond documents delivered. Email or regular mail.
4. Pay for your bond.
5. If you chose to have your documents emailed, you will receive them within minutes.
It’s that simple and fast!
Pricing & Terms
Surety bond costs are a percentage of the full bond amount, which is usually determined by your personal credit. Providing industry experience, strong personal credit, and business/personal financials will help lower your bond rate. Reach out for a quote today.
Bond Purchase Process
1. Find Your Bond
2. Request Quote
3. Buy Online
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Frequently Asked Questions
There are hundreds of different bonds for all kinds of purposes—but regardless the industry or project—they all operate essentially the same way. A surety bond guarantees that you will operate professionally and if you break the rules, a claim can be made on your bond which you’re responsible to pay.
It’s a guarantee that you will complete the work and fulfill your contractual obligations. Think of it as insurance for the public, not your business.
The entity requiring the bond (the obligee) will determine whether a bond is required. Bond requirements vary greatly by your occupation and location. However, fidelity bonds are insurance and are usually optional to obtain.
Looking to Get Started or Have Questions?
The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!