diff --git a/libnm-core/nm-setting-bond.c b/libnm-core/nm-setting-bond.c
index b62964c721..165001b0cb 100644
--- a/libnm-core/nm-setting-bond.c
+++ b/libnm-core/nm-setting-bond.c
@@ -85,8 +85,8 @@ static const BondDefault defaults[] = {
 	{ NM_SETTING_BOND_OPTION_USE_CARRIER,      "1",          NM_BOND_OPTION_TYPE_INT, 0, 1 },
 	{ NM_SETTING_BOND_OPTION_AD_SELECT,        "stable",     NM_BOND_OPTION_TYPE_BOTH, 0, 2,
 	  { "stable", "bandwidth", "count", NULL } },
-	{ NM_SETTING_BOND_OPTION_XMIT_HASH_POLICY, "layer2",     NM_BOND_OPTION_TYPE_BOTH, 0, 2,
-	  { "layer2", "layer3+4", "layer2+3", NULL } },
+	{ NM_SETTING_BOND_OPTION_XMIT_HASH_POLICY, "layer2",     NM_BOND_OPTION_TYPE_BOTH, 0, 4,
+	  { "layer2", "layer3+4", "layer2+3", "encap2+3", "encap3+4", NULL } },
 	{ NM_SETTING_BOND_OPTION_RESEND_IGMP,      "1",          NM_BOND_OPTION_TYPE_INT, 0, 255 },
 	{ NM_SETTING_BOND_OPTION_LACP_RATE,        "slow",       NM_BOND_OPTION_TYPE_BOTH, 0, 1,
 	  { "slow", "fast", NULL } },