Unless it's one of the old school thumb-screw mount heaters, they all say fully submersible and are designed as such.
I personally find they last longer with the dial-end kept out of the water and every heater I've had fail was kept fully submerged and had water in it.
I personally find they last longer with the dial-end kept out of the water and every heater I've had fail was kept fully submerged and had water in it.