Indiana — Vehicle Merchandising Watercraft Dealer Bond
Indiana's watercraft dealer checklist links the Vehicle Merchandising Certificate/Bond, State Form 53966. Use the Watercraft Dealer classification on the current form rather than assuming the general Dealer box or another merchandising category is the same request.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Indiana
- Bond type
- Aircraft / Vessel Dealer & Agent Bond
- Category
- Vehicles, titles & transportation
What this bond does
Provide the financial security in an Indiana watercraft dealer licensing file using the Secretary of State's accepted instrument and the applicant's actual classification.
- Who needs it
- A business applying to Indiana Auto Dealer Services as a watercraft dealer, including a file involving the qualifying watercraft trailers described in the State's checklist.
- Who it protects
- The published form covers specified State assessments after the required process and damages to an aggrieved person after judgment for a covered dealer-law violation. It is not an unconditional promise to refund every boat purchase.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Indiana Secretary of State: Watercraft dealer application (opens in a new tab)Checked October 26, 2026
- Indiana Secretary of State: Dealer Bond, State Form 53966 (opens in a new tab)Checked October 26, 2026
Have these ready
- Keep the Watercraft Dealer license file and current State Form 53966 available.
- Match the dealer's legal name and business address to the entity documents.
- Obtain the requested amount and effective/expiration dates for the form.
- Keep the insurance certificate and other license submissions separate from issued-bond filing.
Questions about this bond
Which classification should the form show?
The current Indiana form lists Watercraft Dealer separately from Dealer and other merchandising licenses. Match the classification to your Auto Dealer Services file before submitting the bond.
Does the bond automatically reimburse a dissatisfied buyer?
No. The published condition includes covered dealer-law violations and a judgment requirement for damages to an aggrieved person. Its conditions and aggregate limit control; it is not a general satisfaction guarantee.
Can I use it instead of the insurance certificate?
The Indiana checklist lists insurance and the merchandising bond separately. Purchase Now opens Propeller for this security; it does not provide every document or approval required for a dealer license.