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Virginia Watercraft Dealer Bond

How much does a watercraft dealer bond cost in Virginia?

The Virginia Department of Game and Inland Fisheries requires watercraft dealers to post $5,000 surety bonds to legally do business in the state.

SuretyBonds.com offers Virginia watercraft dealer bonds for different costs depending on each applicant’s individual credit report. Bad credit? No problem! We can help you get the bond you need quickly, easily, accurately and for the lowest rate possible. Request a free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Watercraft Dealer Bond $5,000 Starts at $100 $200-400 $500+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Call 1 (800) 308-4358 or submit a bond request now. We can typically provide free, no-obligation bond quotes within 1 day of submitting your application.

Why do I need this bond?

Virginia watercraft dealer surety bonds ensure that principals (dealers) conduct business according to the provisions of Chapter 8, Title 29.1 of the Code of Virginia. Prohibited acts under this bond include:

  • willfully defrauding any retail buyer
  • employing fraudulent devices, methods or practices
  • using unfair methods of competition
  • knowingly advertising any statement that is untrue, misleading or deceptive
  • accepting forms of payment for watercraft sales without being a licensed watercraft dealer
  • not maintaining accurate records of all sales and transactions
  • and more

The bond protects any person who suffers loss or damage as a result of the dealer’s unethical and unlawful business practices.

Ready to get bonded? Request a free bond quote now!

What’s the fine print?

Watercraft dealer bonds in Virginia do not automatically expire with the dealer’s license. Instead, the bond continues indefinitely from year to year as a new and separate obligation for each license term.

The surety can cancel the bond at any time by giving written notice to the Director of the Department of Game and Inland Fisheries 30 days prior to the effective termination date.

How to become a watercraft dealer in Virginia

In addition to posting a $5,000 surety bond, applicants must do the following to become licensed in Virginia:

  • register on the Watercraft Dealer Licensing system
  • log in and complete the application(s)
  • mail or fax the required documents to the Department in Richmond, Virginia
  • receive electronic notification of application approval
  • pay for and print license

All individual salespeople at the dealership must also be licensed.

Complete licensing information can be accessed from the Important Links section of this page. Don’t let getting a surety bond slow down the licensing process. Our experts will get you the surety bond you need quickly and easily. Get started now!

Ready to get started?

Get a FREE Watercraft Dealer Bond Quote Today!

Commonwealth of Virginia Watercraft Dealer Bond form

Virginia Department of Game and Inland Fisheries Watercraft Dealer Licensing

Virginia Department of Game and Inland Fisheries Watercraft Dealer Licensing How to Obtain a License

Boat Show Checklist for Businesses and Individuals who Display or Sell Watercraft

29.1-810 Bond of dealer; right of action for fraudulent acts.

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