Louisiana Lost Instrument | Lost Instrument Surety Bond

Also known as: lost instrument bond

Type of Bond

A lost instrument bond is a type of insurance or surety bond that protects against the loss or destruction of important financial documents, such as negotiable instruments or securities. When a valuable document, such as a check, promissory note, or stock certificate, is lost or destroyed, the owner or holder may need to obtain a lost instrument bond to establish proof of ownership and facilitate the replacement process. The purpose of a lost instrument bond is to provide compensation to a legitimate claimant if the lost document resurfaces or is found to be in the possession of someone else. The bond serves as a guarantee that the rightful owner will be reimbursed for any financial loss resulting from the issuance of a duplicate instrument or any misuse of the original document by an unauthorized party. To obtain a lost instrument bond, the owner or holder of the lost document typically needs to work with a bonding company or an insurance provider. The bond issuer assesses the risk and sets the bond amount based on factors such as the value of the lost instrument and the likelihood of a claim being made. The bondholder pays a premium to the issuer, usually based on a percentage of the bond amount, for the coverage provided. If a claim is made on the lost instrument bond, the issuer investigates the validity of the claim and, if approved, compensates the claimant up to the bond amount. The bondholder may then be required to reimburse the issuer for the payout made on their behalf. Overall, a lost instrument bond helps protect individuals and businesses from the financial consequences of losing valuable financial documents and provides a mechanism for replacing them and addressing any potential fraudulent activities that may arise as a result.


Program

The price you'll pay for your Lost Instrument Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of Lost Instrument Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a Lost Instrument Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Lost Instrument Bond Application process.

Obligee Information

An obligee is the entity that is requiring you to have the Lost Instrument bond.

Obligee: American Gateway Bank