Boat and watercraft insurance protects your vessel, your equipment, and your liability on the water. Anchor Insurance is anchored in the marine industry, and our agents understand the coverage needs of Indiana boat owners, from fishing boats and pontoons to ski boats, sailboats, and personal watercraft. We compare policies from multiple carriers to match your coverage to how and where you use your boat, whether that is Geist Reservoir, Morse Lake, Lake Monroe, or Lake Michigan.
Indiana law does not require boat insurance. However, many marinas require liability coverage before you can dock or store your boat, and lenders typically require physical damage coverage on financed or leased watercraft. Indiana does require motorized boats to be registered with the Bureau of Motor Vehicles, and certain operators must complete an approved boater education course. Completing a boating safety course may also qualify you for a discount with some carriers.
An agreed value policy pays a set amount determined when the policy is written if your boat is a total loss. An actual cash value policy pays the boat's current value after depreciation. Our agents explain the cost and claim differences so you can choose the right option for your vessel.
Boaters with significant assets often add umbrella insurance for liability protection above their boat policy. If you also own ATVs, golf carts, or snowmobiles, ask about our options. We compare coverage from carriers such as Progressive and Chubb.
Boat and watercraft quotes are prepared by our agents based on your vessel, its value, and how you use it. Contact Anchor Insurance to review your marine coverage with an agent at our Indianapolis office.
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