Your local boat insurance agent
Insuring boats on the Tippecanoe River lakes
Lake Shafer and Lake Freeman, the reservoirs on the Tippecanoe River around Monticello, are some of the most popular boating lakes in north-central Indiana.
Busy summer weekends, narrow channels, docks, lifts and plenty of towed watersports all add up to real risk. A boat policy built for lake life helps protect you if your boat is damaged, stolen or involved in an accident, and covers your liability if someone is hurt.
As an independent agency, we compare boat insurance from multiple companies, including Progressive, so you can choose the coverage and price that fit how you use the lake. Learn more on our main boat insurance page.
What we insure
Coverage for every kind of lake toy
🚤
Pontoons and tritoons
The classic lake boat for family days, sunset cruises and tying up with friends.
🎣
Fishing boats
Bass boats, jon boats and aluminum fishing boats, plus coverage for fishing equipment with some policies.
🏄
Ski and wake boats
Runabouts, ski boats and wake boats, including liability for skiers, wakeboarders and tubers you tow.
🌊
Personal watercraft
Jet skis, WaveRunners and other personal watercraft, covered on and off the water.
🚚
Boat trailers
Coverage for the trailer you use to haul your boat to and from the lake.
🏡
Lake homes and cottages
Second homes and lake rentals, plus an umbrella for extra liability protection.
Coverage options
Boat coverage built for lake life
Options vary by company, but these are some of the coverages available on the boat policies we offer.
1
Agreed value coverage
Some policies settle a covered total loss at a value agreed on up front, so you aren’t surprised by depreciation.
2
On-water towing and assistance
Help if you run out of fuel, need a jump start or have to be towed back to the dock.
3
Towed watersports liability
Liability for the skiers, wakeboarders and tubers you pull behind your boat.
4
Uninsured boater coverage
Protection if you’re hurt by another boater who doesn’t have enough insurance.
5
Engine and drive breakdown
Some policies cover mechanical breakdown of outboard lower units and inboard/outboard drives, even from wear and tear.
6
Personal effects and equipment
Coverage for gear on board, like fishing equipment, life jackets and electronics, with some policies.
Around the lakes
Serving Monticello and White County boaters
We help boat owners around Monticello, Lake Shafer, Lake Freeman, the Indiana Beach area and the rest of White and Carroll counties, along with Lafayette and Tippecanoe County boaters who trailer to the lakes on weekends.
Many of our lake clients also keep their home, auto and umbrella coverage with us, so everything is reviewed together and bundling discounts aren’t missed.
Getting started
Get a boat insurance quote in three easy steps
Reach out
Call or text 765-474-2300 or request a quote online.
Tell us about your boat
Year, make, length, motor, value and where you keep it, plus who will be driving it.
Compare and choose
We compare options from multiple companies and help you pick the coverage that fits.
Common questions
Monticello boat insurance questions, answered
Do I need boat insurance on Lake Shafer or Lake Freeman?
Indiana doesn’t require boat insurance for most boats, but marinas, storage facilities and lenders often do. Even when it isn’t required, liability coverage protects you if someone is hurt or property is damaged while you’re on the water.
Does my homeowners policy cover my boat?
Usually only in a very limited way. Many homeowners policies cap coverage for small boats and offer little or no liability for boats with larger motors. A separate boat policy is designed for the risks you face on the water.
Can you insure pontoons and jet skis?
Yes. We insure pontoons, fishing boats, ski and wake boats, runabouts and personal watercraft like jet skis and WaveRunners, along with the trailers you use to haul them.
Is my boat covered while it’s stored for the winter?
Boat policies can cover your boat year-round, including while it’s stored on a lift, at a marina or in winter storage. We’ll make sure your coverage fits how and where you keep it.
Can you insure our lake home too?
Yes. We can insure lake cottages and second homes, including homes you rent out, and add an umbrella policy for extra liability protection on the water and at the lake.
Do you have an office in Monticello?
Our office is in Lafayette, a short drive south of the lakes. Most of our boat clients handle everything by phone, text and email, and you’re always welcome to stop in.
Lafayette Insurance is an independent insurance agency located at 3111 Builder Dr., Suite 6, Lafayette, IN 47909.
Coverage, features, limits and availability vary by company, state and policy, and are subject to policy terms, conditions, limitations and exclusions.