What is a Wisconsin Lost Instrument Bond?

Wisconsin Lost Instrument BondInstruments are legal documents that carry financial value. They can be cash, bonds, or shares.

Examples of these purported important instruments are as follows:

  • Stock Certificate
  • Real Estate Certificates
  • Certificate of Deposit
  • Treasury Bills
  • Bond Futures
  • Mortgage notes
  • Cashier’s Check
  • Passbook

Issuing authorities will require you to post Lost Instrument Bond before they will issue a replacement for your lost passbook or cashier’s check.

The purpose of this surety bond is to protect issuing authorities in case another person files a claim on the instrument that has been replaced.

This type of surety bond will also ensure that you will surrender the new instrument to the issuing authority or surety for proper disposal if the lost instrument has been found. By having this bond in place, the financial institution ensures that the bank does not suffer financial losses by paying the amount of the check more than once.


What are the bond conditions?

  • The bond is issued for a term of one year.
  • The Obligee may request for the bond to be effective for multiple years.
  • The bond does not renew past the initial term and cannot be canceled or released by the Surety because the lost instrument may turn up at any time, keeping the liability open if it is used again.

*Note: Replacing a lost instrument entails a different process because each issuing authority has its own rules regarding the replacement of a lost instrument. You may need to:

  • Submit an affidavit indicating all the information required concerning the lost instrument
  • Submit proof of identity
  • Submit written statements about the circumstances of the lost instrument
  • Submit a Lost Instrument Bond


What is the bond amount?

The bond amount varies, as required by the Obligee (issuing authority).

The bond premium (which is the bond cost) will depend on the value of the instrument, as well as your financial capacity and credit score. It is a percentage of the bond amount, which can typically range from 1%-5%.

For instruments that have a value of $5,000 or less, you may have a surety bond premium of $100.

For instruments that have more than $5,000 in value, the bond premium will be $20 per one thousand.



How can I obtain a Lost Instrument Bond?

Find a reputable surety bond company that is authorized to conduct surety business in the State of Wisconsin.

Then follow the simple steps below!

STEP 1: Apply for the bond

You need to submit a bond application to us. If you’re ready to apply now, you may do so HERE!

STEP 2: Underwriting

We will ask you for a couple of important information needed for the bond. This will include your financial history, business performance history, and your credit score. An underwriter will carefully evaluate all those.

STEP 3: Bond execution

Once the underwriter is done with the underwriting process, we will immediately issue the bond and send it to you!

Get replacements for your valuable lost instruments today! Contact us now!

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