Lost the certificate, not the value — a bond makes the reissue safe.
How a lost check, CD, or certificate gets replaced
When a valuable financial instrument — a cashier’s check, certificate of deposit, or stock or bond certificate — is lost, stolen, or destroyed, the issuer needs protection before replacing it. A lost instrument bond provides that protection, so you can get a replacement issued.
What a lost instrument bond guarantees
The bond protects the issuer (a bank, transfer agent, or corporation) when it issues a replacement for a lost instrument — guaranteeing the issuer against loss if the original later resurfaces and is presented for payment, so no one is paid twice. The amount is typically the face value of the instrument (sometimes higher for securities that could appreciate). Because the exposure can continue until the instrument is time-barred, securities bonds are often written “open penalty” and may require indemnity.
Frequently Asked Questions
When do I need a lost instrument bond?
When a bank, transfer agent, or corporation requires it before replacing a lost, stolen, or destroyed financial instrument such as a cashier’s check, CD, or stock certificate.
How much is the bond?
Usually the face value of the instrument, sometimes higher for securities that can appreciate. Some securities bonds are written with an open penalty and may require indemnity.
How do I get a lost instrument bond through Cory Washington & Co.?
Request a quote or contact our team. We confirm your exact requirement, market your bond across multiple surety companies that compete for it, and handle the filing. Cory Washington & Co. LLC is licensed in all 50 states.
All surety bond descriptions on this website are provided by Cory Washington & Co. LLC strictly for general informational purposes. They are not intended to be, and should not be relied upon as, legal, financial, or bonding advice. Surety bonds are not insurance. Bond requirements — including amounts, obligees, and bond forms — are set by government authorities and other obligees and change over time; the information presented is general in nature and does not guarantee the availability, terms, conditions, or amount of any bond. Actual bond terms are governed by the bond form issued by the surety and the requirements of the obligee, and any bond remains subject to underwriting approval. Nothing on this website creates or implies an agent-client relationship, binds a surety, or issues a bond. Cory Washington & Co. LLC expressly disclaims any liability for actions taken, or not taken, based on the content provided here. For advice regarding your particular situation, please confirm current requirements with the relevant authority and consult directly with a licensed professional at Cory Washington & Co. LLC.