Last reviewed October 18, 2026 by Sean McConnell, Team Leader, McConnell Group
Does homeowners insurance cover a floating home?
No. A standard homeowners policy does not cover a floating home. You need a floating property policy written for homes on the water. Houseboats need a policy that fits their type too. Arrange this early, because your lender will ask for an insurance binder before closing.
What does a floating home policy usually cover?
Policies differ, so read yours. Compare what each quote covers line by line, especially flood and sinking.
Is flood insurance available?
Not through the federal program. The National Flood Insurance Program (NFIP) excludes buildings entirely in, on or over water, which includes floating homes. Some private floating home policies include flood as part of sudden and accidental loss, so ask each insurer exactly how flood and sinking are handled.
Do you need a marine survey?
Often. Underwriters may ask for a marine survey on older floating homes, and houseboats get a marine survey as part of buying. For floating homes, lenders require a dive inspection of the float.
Who writes these policies?
A small group of carriers writes them, and local marine insurance brokers can shop other markets for you. Some surplus-lines policies do not cover sinking unless a named peril caused it, so read the exclusions closely.
What does it cost?
Premiums are quote-based. There is no reliable public figure, so I do not publish one. Get two insurance quotes during your inspection period. Ask each insurer how it handles flood and sinking, and have details on the float, the age of the home and the bilge pumps ready. That gives you quotes you can compare on equal terms.
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