What is a Louisiana Lost Instrument Bond?
Get replacements for your valuable lost instruments through this bond!
Have you lost an important instrument? Worry not! We’ve got you covered through this surety bond!
Issuing authorities will require you to submit this type of surety bond before they will issue a replacement for your valuable instrument.
The purpose of this surety bond is to protect them in case another person files a claim on the instrument that has been replaced.
This type of surety bond will also act as an assurance you will surrender the new instrument to the issuing authority or surety for proper disposal if you’ve found the instrument that went missing.
Instruments are legal documents that have financial value. Some examples of these so-called important instruments are as follows:
- Bond Futures
- Certificate of Deposit
- Stock Certificate
- Real Estate Certificates
- Treasury Bills
- Cashier’s Check
What is the Lost Instrument Bond amount?
The bond amount varies widely. The surety bond premium, however, will depend on the value of the instrument, as well as your credit score.
Instruments that have a value of $5,000 or less can have a surety bond premium of $100.
For instruments that have more than $5,000 in value, the surety bond premium that you need to pay will be $20 per one thousand.
How can I get a Lost Instrument Bond?
We have made the surety bond procedure easier for you! Just follow these simple steps:
STEP 1: You must first apply for this type of surety bond. If you are ready to do that now, you may APPLY HERE!
Once we have received your application, we will immediately start the bonding process. We will inform you about the important documents that you need to submit for the next step, which is the underwriting process.
STEP 2: An underwriter will take a thorough look at the following:
- Your credit score
- Your job performance history
- Your financial strength
STEP 3: After the underwriting process has been fulfilled, we will issue your surety bond and send it to you immediately!
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 will have to submit a written statement about the circumstances of the lost instrument
- You must submit a surety bond
- You must submit an affidavit stating all pertinent facts about the lost instrument
- You will be asked to submit proof of identity
Are you ready to get your lost instrument replaced? APPLY HERE today!