What is a Georgia Lost Instrument Bond?
Get your lost instrument replaced ASAP!
Having a lost, destroyed, or unreadable instrument replaced is not as difficult as you may think! We can help you get a new one through this surety bond!
A Lost Instrument Bond is a surety bond that will be required of you to have your important instrument replaced. Issuing authorities will require you to submit this type of bond. This surety bond will serve as a protection to the issuing authority in case another person files a claim on the instrument that’s been replaced.
This type of surety bond will also act as an assurance that if the principal found the lost instrument after it has been replaced, the principal will surrender the new one to the issuing authority or surety for proper disposal.
Instruments are legal documents that have financial value. Some examples of these so-called important instruments are as follows:
- Stock Certificate
- Real Estate Certificates
- Certificate of Deposit
- Treasury Bills
- Bond Futures
- Cashier’s Check
What is the bond amount?
The bond amount varies widely. The surety bond cost, however, will depend on the value of the instrument.
Instruments that have a value of $5,000 or less can have a surety bond cost of $100.
For instruments that have more than $5,000 in value, the surety bond cost that you need to pay will be $20 per one thousand.
If you want to determine what you need to pay right now, GET YOUR FREE QUOTE HERE!
How can I get a Lost Instrument Bond?
We’ve made the process easier for you! Just follow these simple steps:
APPLY: First, you need to send us an application for this surety bond. You can easily do that HERE!
SUBMIT YOUR DOCUMENTS: The second step is the underwriting stage. We will ask you to submit important information that will be checked by an expert underwriter. These will include the following:
- Your financial strength
- Your job/business performance history
- Your credit score
RECEIVE YOUR BOND: Once the underwriting process is done, we will immediately issue the bond and send it to you!
What is the process of replacing a lost instrument?
This will vary per issuing authority. Each has its own set of rules regarding instrument replacement. However, there are some common factors in this process such as the following:
- You must submit an affidavit stating all pertinent facts about the lost instrument
- You will have to submit a written statement about the circumstances of the lost instrument
- You will be asked to submit proof of identity
- You must submit a surety bond
Are you ready to get your lost instrument replaced? APPLY HERE today!