Washington Vessel or Yacht Dealer Bonds

A Vessel Dealer Bond is a type of surety bond required in Washington for dealers of boats, yachts and other types of watercraft. The surety bond accompanies the license which is required for each location for all dealers selling over 15 powered watercraft per year measuring 16 feet in length or greater and used on navigable waters. The required bond limit, or coverage amount is $5,000 and the bond ensures compliance with Washington state laws, along with licensing rules and regulations.