Illinois Lost Instrument | Lost Instrument Surety Bond
Also known as: lost instrument bond
Type of Bond
An Illinois Lost Instrument Bond is a type of surety bond required when an individual or entity loses an important financial instrument, such as a stock certificate, cashier's check, or promissory note. This bond ensures that the issuer of the original instrument is protected from financial loss in case the lost instrument is later found and cashed or claimed by another party. The purpose of the bond is to indemnify the issuer against potential financial loss due to the issuance of a replacement instrument. It serves as a financial guarantee that the individual or entity requesting the replacement will compensate the issuer if the lost instrument is later found and results in a financial loss for the issuer. If a claim arises due to the discovery and unauthorized use of the lost instrument, the surety bond can be used to cover the issuer's losses. In summary, the Illinois Lost Instrument Bond provides financial protection to the issuer of financial instruments in the event of loss or misplacement, ensuring that a replacement can be safely issued without causing undue financial risk to the issuer.
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: First Mid West Bank
Street: 100 N Gilbert Street
State: Illinois
Zip: 61832
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!