Lost Instrument Bonds
Executive Bond Services represents excellent surety markets that underwrite Lost Instrument bonds. There are two primary types of lost instrument bonds: Fixed Penalty bonds and Open Penalty bonds. Fixed Penalty bonds are used for instruments that have a fixed, non-fluctuating value. Good examples are: lost certified checks, and lost cooperative stock certificates (whose value is frequently based upon the sale price of the cooperative unit). These bonds have a lower rate than Open Penalty bonds and are somewhat easier to underwrite.