Boat Insurance – Indiana – Watercraft
Fishing, Jetski, or Pontoon insurance quotes from Lafayette Insurance
Boating on a small lake in central Indiana or one of the Great Lakes can both be full of pleasure. We help boat owners insure their boats, boat activities, and specialty watercraft. We can help you compare coverages side by side to determine the best and most affordable boat policy for you. Lafayette Insurance can help you tailor coverages to fit all of your boating needs.
Prefer to talk? Call or text 765-474-2300.
Boat Insurance in Lafayette, Indiana
From the Wabash River to Lake Freeman and Lake Shafer up the road near Monticello, and on to Lake Michigan, Greater Lafayette boaters have plenty of places to enjoy the water. Boat insurance protects your boat, motor and trailer, and it protects you if someone is hurt or property is damaged while you’re on the water. We insure fishing boats, pontoons, ski and wake boats, runabouts, sailboats, personal watercraft and more.
Boat insurance coverage options
- Physical damage – your boat, motor and permanently attached equipment against accidents, storms, fire, theft and vandalism
- Liability – if you injure someone or damage another boat, a dock or other property
- Uninsured boater – protects you if you’re hit by a boater with no insurance
- Medical payments – medical bills for you and your passengers
- Trailer coverage – physical damage to your boat trailer
- Personal effects and fishing equipment – gear, electronics and tackle
- On-water towing and assistance – help if you break down or run aground
- Fuel spill and wreck removal – costs to clean up or remove a sunken boat
Why not just use your homeowners policy?
Homeowners policies typically offer very limited coverage for boats, often only for small, low-horsepower boats and with low dollar limits. Liability for larger boats and personal watercraft is often excluded. A separate boat policy gives you the right protection, and it can often be bundled with your home or auto policy for a discount. Pair it with an umbrella policy for extra liability protection.
Boat insurance FAQs
Agreed value or actual cash value?
Agreed value pays a set amount you and the insurance company agree on if your boat is totaled. Actual cash value pays what the boat is worth at the time of the loss, after depreciation. Agreed value usually costs a little more but avoids surprises.
Can I get coverage for just the boating season?
Many companies price in lay-up periods for the months your boat is stored. Keeping coverage year-round protects your boat from theft, fire or storm damage while it’s in storage.
Do you insure jet skis and personal watercraft?
Yes. Personal watercraft can be insured on their own policy or along with your other boats. Have an RV or camper too? See our RV insurance page.
Call or text 765-474-2300 or click “Get a free quote” at the top of this page.
What sets our boat insurance companies apart
Companies we represent for boat insurance include Progressive, Nationwide, Foremost and Hagerty. Each one has its own strengths, and these are some of the options available through them:
- Agreed value: You’re never required to lower your boat’s value, and boats don’t age out of the coverage.
- Engine breakdown: Mechanical breakdown of outboard lower units and inboard/outboard drive units can be covered, even when the cause is wear and tear.
- On-water towing: Help is available if you’re stranded on the water and need fuel, a jump start or a tow.
- Towed watersports: Liability for skiers, wakeboarders and tubers being towed is included with some policies at no extra premium.
- Boats used for business: Boats used for charter fishing, guided tours or dock installation can get commercial coverage, including slip and shoreside liability.
Boating on Lake Shafer or Lake Freeman? See our Monticello boat insurance page.
Features, limits and availability vary by company and policy. Ask us which options fit you.
Our process
Compare Quotes from Lafayette Insurance
01. Provide Details
Tell us a little bit about what you are wanting to insure.
02. Discuss Coverages
We educate you on insurance coverages relevant to you.
03. Compare Quotes
We shop multiple companies to find the best rates and protection.
04. Pick Your Policy
Choose the insurance plan that works best for your individual needs.
Lafayette Insurance Reviews
What our Clients Say
★★★★★
Joe and his staff are top notch. I never worry if I have an issue involving insurance. They are there to help make the experience worry free and professional. It’s worth your time to give Lafayette Insurance a call.
Stacey Minier
★★★★★
Tremendous support from Joe Couch. He was readily-accessible, diligent, and a tremendous help through the process of switching policies. Would recommend to everyone.
Daniel Layman
★★★★★
Joe Sr. and Jr. are both professional and do the very best they can to get you the best deal possible. They have reached out to me to let me know of opportunities to decrease my rates before my terms were up so I could plan accordingly. They always answer when I text or call with a problem. Can’t say enough good things about this company or the people running it!
Jon Chapin
★★★★★
Very professional and responsive. After calling several agencies in the area, our quote was 15% lower than anywhere else!
Devon Moore
★★★★★
Joe Jr. looks out for you. Initially he had me with one insurance agency. 1 year in and upon finding a new deal, he contacted me, helped me save some money, and found a more reliant insurance company for my family’s vehicles. He is personable and offers good advice without trying to overexert influence. I have not had to deal with a wreck yet and working through a claim, but I will update this post if it happens.
Isaac Schumacher
★★★★★
They are very nice and will find the best deal for you. They also follow up with you in the future to better you in better insurance for less.
Jasen Shaver