A lost securities surety bond is a bond that is needed by banks or other such financial instrument transfer agents for clients who have lost or misplaced their bond or stock certificates or even a pay check. The intuition/agent then agrees to pay that person the value of the lost material or provide a replacement. This replacement is however done in exchange for a surety bond. The surety bond holds promises to reimburse the agent involved in the event when the original instrument is again found or surfaces and is sold, traded or transferred in a way which causes the institution/agent any sort of financial loss. These are also called lost instrument surety bonds.
Why Should You Need a Bond?
Losing an instrument leads to stress and can be extremely daunting. You may end up losing life insurance policies, any corporate bonds, your certificates of stock ownership and other such important documents. A bond is the proof of your former ownership. This helps you retain legal records of your loss so that you can avoid running into situations where you are doubted by the government.
Who to Seek
If you are looking for procurement of a lost securities bond, the first thing you need to take a look at is a licensed agency to assist you. Availing services from a licensed insurance and bonding company are very crucial. Also, the company must be independent and have experts who actually know how to handle the whole process and solve risks that come in the way. The procedure must be free of any sorts of obstacles, hassles, and risks, preferably. They should have sound knowledge of to fulfill the needs on your end.
The Procedure
Lost securities surety bonds are processed with total ease by professionals. They guide you through every step of the process so that it is smooth. Nowadays, the process of application is completely web-generated, i.e. online application. You need to fill up a simple application which is directly sent to your browser. Followed by applying, you need to pay online via a valid credit card. Your lost securities bond is usually issued instantly. If not issued instantly, it would mean that the bond is undergoing further scrutiny that allows corrections, if required.
Conclusion
You need not worry if your instrument is damaged or misplaced. All you need is to contact a surety bond agency who would handle all your necessary complaints and solve your troubles by bringing you a lost securities bond. You can now lead a stress-free and relaxed life without running into undue issues.