Who needs a yacht broker bond?
Any person or entity that buys, sells offers for sale, displays for sale or deals in yachts within the jurisdiction requiring the bond. The surety bond offers security that dealer is faithfully representing the vehicle as is sold and that the dealer being licensed will operate according to applicable laws in the state of Florida and to be in compliance with Chapter 326 of the Florida Statutes.
What is the yacht broker bond?
The Yacht Broker Bond protects the party requesting the surety bond, the Obligee, against any financial losses as a result of poor financial choices, damages, unethical decisions, or a failure to adhere to state and local laws on the part of you, the Principal. By obtaining your bond, you are telling the Obligee that you can be trusted and that you stand by your business decisions.
The Florida yacht broker bond is also known as: yacht broker bond, yacht dealer bond, yacht boat bond, boat dealer bond, and vessel dealer bond.
What else do I need besides the yacht broker bond?
The Florida Department of Highway Safety and Motor Vehicles may also require the following:
Yacht brokers must submit a copy of a garage liability insurance certificate which shall include, at a minimum, $25,000 combined single-limit liability coverage including bodily injury and property damage protection and $10,000 personal injury protection.
Copy of lease for location or proof of ownership.
Copy of pre-licensing dealer training course completion certificate.
Requirements are always subject to change, so it's always best to consult the Department of Highway Safety and Motor Vehicles for the most up-to-date information.
I have everything I need. What now?
Dealers will submit the original signed bond form to the following address:
State of Florida
Department of Highway Safety and Motor Vehicles
2900 Apalachee Parkway
Room A312, Mailstop #765
Tallahassee, FL 32399-0500
The Department of Highway Safety & Motor Vehicles may be reached by phone at (850) 617-3003
Get bonded within one business day!
Only Ashton Agency can provide you with:
Many companies offer the yacht broker bond, but by contacting the Ashton Agency, you can be sure you'll be getting the best price available, not to mention our stellar customer service and insider knowledge of the industry. We've been helping dealers get bonded for more than 45 years. Let us put that experience to work for you today!
Call us now at (800) 451-4854 for a free quote and we will contact you within 24 hours. We can assist you over the phone to ensure you receive your bond quickly and easily!
Don't have time to speak on the phone? Please fill out our easy online application and fax to (407) 678-2468. We can get you started right away!