We are a surety only agency that thrives on creating an unbeatable client experience! Our industry leading bond volume allows us to create programs that can be tailored to each individual client, getting them their bond faster at the cheapest cost! Below are a few reasons our clients love to work with us:
Required when a check or other security instrument is lost. Financial institutions are responsible for any lost or stolen financial certificates. Bonds are classified as either open or fixed penalties. Open penalty bonds are for instruments where the market value fluctuates, such as stock certificates. Fixed penalty bonds are for instruments, such as certificates of deposit, that have a fixed value. This bond assures the financial institution that there is not a duplicate instrument that could cause them loss.
To get started with your Lost Security or Instrument Bond purchase call our team today.
The bond amount for a Lost Security or Instrument Bond will vary. The cost of the bond will vary based on the type of certificate you are obtaining. We have been in the surety bond industry for 25 years and strive to bring our clients nothing but the best. To see what we can do for you, give one of our helpful team members a call today.
A Lost Security or Instrument Bond is needed to receive payment or a replacement for a stock certificate, bond certificate, or cashier’s check that has been lost, stolen, misplaced, or damaged. If a replacement check is issued and then the original certificate is cashed, the financial institution is required to pay those funds as well. The bond prevents both instruments from being cashed, so it protects the bank or financial institution from any kind of financial loss if the original is found and transferred or sold by an unauthorized third party.