BoatWiki

BoatWiki.com

The Free Boating Encyclopedia

DefinitionsGuidelinesResources
FormsDatabasesBlogsProfiles

Participate TranslateAbout
LinkTermsPrivacyContact

— WikiTags —

Boat Title - Definitions
Boat Registration - Definitions
State Boating Requirements - Resources
Surety Bond - Definitions



Advertisement

BoatScope

The nation's premier boat history report with a full compliment of title search resources. Includes eight maritime databases all rolled into one convenient interface. A must-have service for any prospective buyer, marine lender, or maritime professional.

Visit Now

Advertisement

Owner Background Search

Criminal Records
Assets - Properties
Personal Details


Know your seller!

Sponsored by

BeenVerified

Bonded Boat Title

WikiTagsWikiShare


BoatWiki - Definitions

BoatWiki needs your help in maintaining our vital community resource.
Please WikiShare any comments, suggestions, or corrections regarding this subject.

Definition


Aug 15, 2023 - A bonded boat title can be defined as one that is supported or guaranteed by a surety bond. This offers protection for lenders, insurers and subsequent owners resulting from any title defects, undisclosed liens and other encumbrances.

Context


Bonded boat titling is offered in some, but not all, state jurisdictions (see WikiTags). It is typically provided in response to title applicants that are unable to meet the usual titling requirements. In such cases, an applicant must otherwise provide convincing evidence of ownership. The U.S. Coast Guard does not offer such an accommodation for documented vessels.

Conclusion


Those involved in boat purchase transactions with a bonded title should become familiar with the conditions and coverage of the respective surety bond. Any concerns in this regard should be addressed with a qualified attorney.


Credits and References

Aug 15, 2023 - Page revised.




Advertisement

Advertisement



Float Your BoatWiki

Learn about the role you can play
in supporting the internet's most reliable
source of free boating information.

WikiAlerts

Stay informed about urgent matters of
boater fraud and the latest changes in
 boat registration or safety regulations.

Advertisement

Advertisement



BoatWiki.com

A Division of Maritime Partners, LLC
State of Washington  USA
© Copyright 1998 - 2024 All rights reserved.

boatwiki boatwiki