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The document is an application form for a Lost Instrument Bond from Travelers Insurance Company of Canada. It includes an affidavit for reporting lost share certificates or bonds, detailing the circumstances of the loss, and requires personal information from the deponent. The document outlines the indemnity agreement, responsibilities of the deponent, and privacy consent regarding personal information collection. It emphasizes that no bonds will be issued until all required documentation is submitted.

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How much does a $5000 surety bond cost?

For applicants with good credit, surety bonds usually cost between 1% and 5% of their value. Therefore, for a surety bond of $5,000, an applicant with a strong credit history can expect to pay between $50 and $250.

How does a lost instrument bond work?

Financial institutions often require lost instrument bonds before issuing a duplicate of a misplaced financial certificate. A lost instrument bond guarantees that if the original lost instrument shows up in the future the bonded party will not be able to cash it.

How much does a $200 000 bond cost?

The standard fee is 10% of the total bail amount. So, for a $200,000 bail, you would typically pay $20,000 to a bail bondsman. This fee is non-refundable, even if the charges are dropped or the defendant is found not guilty. However, its important to consider additional costs that might arise.

How much does a $20,000 surety bond cost?

Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Average Credit (600-675) $15,000 Surety Bond $150 - $450 $450 - $750 $20,000 Surety Bond $200 - $600 $600 - $1,000 $25,000 Surety Bond $250 - $750 $750 - $1,2509 more rows

What is an example of a lost instrument bond?

To give you an example, if youre trying to replace a $10,000 cashiers check, then you designate on the lost instrument bond form that you need a bond for $10,000. If a claim was ever filed against the bond (because someone cashed the original check), then the surety company would pay out exactly $10,000.

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How do I replace a lost bond?

The lost instrument bond guarantees the owner of the lost document will indemnify the bank or other entity for any loss it suffers because of the duplicate securities or other issued instruments.

How much does a lost instrument bond cost?

A fairly typical cost guideline is $20 for every $1,000 of value of the lost instrument. If a promissory note for $50,000 was lost, you would probably have to pay in the neighborhood of $1,000 to the surety company to purchase a bond covering the amount of the certificate.

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