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Legend Insurance
Boat Insurance coverage designed by boaters, for boaters
Legend Features, Benefits and Coverage
We all know that stuff happens, but when that stuff messes with our weekend plans, we take it seriously. At Legend Insurance, we love being out on the water, just like you! That’s why we offer insurance coverage that, in the event that an accident occurs, makes sure you can still enjoy the maximum amount of time on the water.
Whether you need a tow back to the closest marina, fuel delivered to you out on the water, or an emergency repair, our policies make sure you can soak in as much of that summer sunshine as possible.
Heck, if you have a claim and your boat is stuck in the shop being repaired, we’ll even cover a boat rental to make sure you never have to miss out on a gorgeous summer weekend.
Here are a few more details about the benefits of protecting your boat with Legend Insurance…
Vermin Coverage
Have you ever seen what a family of raccoons can do to a boat? The cost of a raccoon feast on a typical boat interior is over $5,000! Wowza! Thankfully every single Legend Insurance policy includes coverage against these pesky vermin while home and cottage policies simply don’t cover this damage.
Theft Coverage with No Locks Required
In the event of theft, we don’t throw any fine print about locks at you or waste time blaming you because your boat wasn’t under 24-hour surveillance. We simply stand behind you and get you back on the water as quickly as possible. Unfortunately, we can’t say the same for most home or cottage policies. With Legend Insurance, you’ll spend less time padlock shopping and reading fine print and more time on your boat, reading your favorite book.
Agreed Value with Zero Depreciation
With our Agreed Value Coverage, if you experience a total loss of your boat, you are covered for the full value of your policy with zero depreciation until your boat is 15 years old.
Personal Effects
We cover any wearing apparel, sports equipment, and personal items brought on board your boat. This is secondary to your homeowners policy but the benefit is there if you need any additional coverage that your homeowners policy lets you down on.
Additional Expenses
Legend Insurance will pay the reasonable costs incurred up to $1500 if your vessel is disabled as a result of a claim. Some of these reasonable costs include important things like boat rental costs, rental car or reasonable accommodation expenses if you’re laid up, or any additional living expenses incurred while your vessel is being replaced or repaired.
Emergency Towing
If your vessel is disabled for any reason, there is coverage up to $5,000 for the cost of being towed to the nearest repair facility, having fuel delivered to you, or the cost of emergency labour performed at the site of disablement.
Claims Guarantee
Our team of claims specialists are boat insurance professionals and are 100% focused on boat insurance. We take great pride in knowing we help to get our clients back on the water 75% faster than a home and cottage claim. That works out to be about 10 more days enjoyed on the water per season.
Marine Assist
The Aviva Marine Assistance Program is automatically added to your platinum policy so you can benefit from: • Emergency boat towing referral services • Marine navigation and trip planning information services • Health and legal assistance services • Concierge boating services.
Liability
Our standard liability limit is $2,000,000. This limit is available for all watercraft types.
Flexible Payment Options
We offer a variety of flexible payment options. Whether you prefer paying by cheque, money order, online banking, Visa, MasterCard or want to set up a monthly or quarterly payment plan, we’re sure to have an option that works for you.
*Based on information available at the time of production. Subject to change. Our team of marine experts are always ready to help.
Frequently Asked Questions
Coverage for emergency on water services is included in each of our policies. If your boat become disabled on the lake for any reason, you will have coverage up to the limit listed on the policy for any of the following:
- An emergency tow back to the closest marina or repair facility
- Fuel to be delivered to you including the cost of the fuel being delivered
- The cost of emergency labour to be performed at the site of disablement
Please note that no deductible or claim surcharge will be applicable should we need to cover you for any of the above services.
Agreed Value and Actual Cash Value refer to the settlement basis applicable to your specific policy in the event of a partial or total loss.
Agreed Value means that in the event of a total loss no depreciation will be applied to the amount listed on your policy. In the event of any partial losses (repairs) the insurance company agrees to pay to repair your watercraft with brand new parts not exceeding the limit of your insurance.
Actual Cash Value means that depreciation is applied to all claims (partial or total), so the amount you receive will be reflective of current market value of the whole watercraft or the part that was damaged.
An all-risk policy means that if a peril is not listed as an exclusion in your policy wordings then the peril will be covered. All-risk policies typically cover incidents that are sudden and accidental.
The watercraft value indicated on your policy includes the machinery, equipment and electronics used to operate and maintain the watercraft. It doesn’t include additional equipment you may have on board like downriggers, fishing tackle, trailers, etc. These additional items can be covered under separate sections of the policy.
Yes, there is no exclusion for hurricanes, tornadoes or windstorms. However, companies control their exposure to these types of claims by excluding areas that are prone to this type of weather. It is important to know the navigation limits of your policy as it will not respond to any claims that occur outside of this area. Extensions can be granted to cover the boat outside of the normal navigation area upon written request by you. Certain conditions apply.
Reviewing the policy with one of our team members is the first step to getting the best value. They can identify any optional coverage on your policy that can be removed, which may result in a lower premium. Another option is to choose the deductible amount that is right for you. In many cases, increasing a deductible can result in a lower premium.
This depends mainly on the age of your boat. Although our Gold policy does require a survey for any boat 20 years of age or older, our Platinum policy provides a little bit more flexibility. Generally speaking, on our Platinum policy, photos can be provided in lieu of a survey on any watercraft that is 20 years of age or older, under 30’ in length, AND under $30,000 in value.
If the boat does not meet these requirements, then a full out of water marine survey would be required. A list of accredited marine surveyors can be found by clicking the link below.
The first step to setting up an insurance policy with Legend Insurance is to get quick and easy no-obligation quote. This can be done online with our Quick Online Quote tool, or by calling our office toll-free at 1.844.330.0974. Once you’re comfortable with the quote and coverage offered, it’s time to set up your policy.
For your convenience, Legend Insurance provides 2 super-easy options. You can either set up a policy by calling our office, or sending us a completed, signed application. With either option, one of our knowledgeable team members will help you with anything you need along the way. Our goal is to make the process as easy for you as possible.
Boat Insurance isn’t required by law, but there are a number of reasons why it’s something you probably want to do and here are a few reasons why:
- To provide coverage if a liability claim arises. This includes injuries to people or their property caused by your boat.
- To cover damage to your boat caused by any of the covered perils. It is important to protect your financial interest.
- To satisfy requirements for your finance company or marina
Under our policies, in order for anyone to operate your boat, they have to meet the following requirements:
- Be of legal age to operate the boat’s specific horsepower
- Have a valid boaters licence
- Have permission from you, the owner
Report a claim,
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Call us toll-free! 1.844.330.0974
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We bought our boat in Barrie last year. As it happens we already arranged insurance coverage with a carrier we used for our cars. However, Legend sent a letter and quote. I kept the quote for renewal purposes so I could compare for next year’s coverage.
The process of getting Legend insurance insurance was pretty seamless. I called to compare coverages and was pleased to find out that the coverage price was still lower than what we had the year before and with additional items covered.
All my questions were answered and various insurance items explained.
Needless to say we took out the Legend insurance.Thanks for your assistance. We are happy that we can enjoy our boat knowing we’re appropriately insured.
Janice F.
Everything is going well with the boat so far! As far as Legend Insurance goes the product was cheaper and offered more coverage than our usual insurance provider could offer, and the service has been very prompt and friendly. Hopefully i’ll never find out if the claims service is as good.
Alan Hyde
I just wanted to share a quick note and let you know that you guys did a really good job. I’m glad I decided to work with you. It’s great how easy the process was. I never had any problems at all.
Hamed (Ed) Aleali
When I gave them a call they explained everything in detail on what I was buying and gave me some time to think about my decision. After I gave them a call and told them that I will take their insurance package, they were friendly and easy to talk to. Thanks for the suggestion on your insurance broker
Michael Pangowish
I dealt with Jordyn and I must say she was wonderful. She took the time, walked me through the insurance step by step explaining various details as she went along. She was very thorough and knowledgeable on the insurance. I was very pleased with the service provided by the Legends Insurance.
Otto Penner
The coverage provided by Legend Insurance was not only the best, but came in over $100 cheaper compared to my multi-product insurance provider for my home and vehicles!
Also, when I called on Friday to confirm my insurance coverage before a road trip, they answered the phone after the first ring in person and the service was courteous and friendly.
Nick Siren
They were awesome! Ashley was fantastic. Within 3 hours, my boat was insured and ready to go. Not complicated, clearly told what was covered and what wasn’t covered and how the process worked. Boat was insured for the day we picked it up without any issues. Reasonable rates! Friendly, fast, efficient service 🙂
Debbie Simonds
I was very impressed dealing with [Legend Insurance]. Ashley sent me a comprehensive package that was both informative and extremely price competitive.
Brent Battistelli
I had Jordyn over at [Legend Insurance] she was great to deal with and my own insurance company could not even touch what they offered to cover my boat (F17).
Would definitely use them again for future boat insurance.
Jason Smith
Being a first time boat owner, I had no idea what boat insurance coverage was required or what was even needed. I did inquire to a few automobile insurance dealers and was told they did not offer insurance for boats. The few that did provided only theft and very basic coverage for an expensive premium. Being provided an option by the Legend boat dealer eliminated the stress of having to search for it on my own. I reached out to Aviva for a quote, and had the pleasure of dealing with Ashley. I didn’t just get a quote saying “here this is what it will cost”, I got a reply I felt was personal and directed to me specifically as a potential new client. Still not knowing much about boats at this stage I reviewed the quote. By the time I was done looking over the quote, I had an excellent understanding of what was covered and even a few things I never would have thought of needing coverage for. The best part…….the price! I found the premium I was getting was more than fair for all of the included coverage. I didn’t have to think about it further, I signed up immediately. All it took was a quick 7 min phone call. Ashley had the policy to me in what I think was record time. The whole ordeal was better and way quicker than dealing with my automotive insurance dealer i’ve been with for years. I can tell Ashley and the Aviva group that she works for know the product and are happy to be selling it. At this point I was good to go, I was insured! But wait, the good experience didn’t end there. I paid my premium in full via online banking. All I get is a reference number from my online bank. I reached out to Ashley by email for confirmation the payment was received, she quickly confirmed it was. I think this after service was a nice touch. They didn’t just toss me aside after selling me a policy, they care for their policy holders.
All that being said, I recommend [Legend Insurance] to anyone looking for boat insurance. The Legend dealer provided the [Legend Insurance] recommendation during the purchase paperwork without me having to ask about insurance suggestions.
Christoper Barker
They were great to deal with. Information got to me really quickly. I have not had insurance on a boat before so I couldn’t tell you if the cost was good or not. Coverage is good. Like all insurance, when you make a claim is when you see what they are really made of. Luckily I hope I don’t have to.
Blair Ramsay
Ryan from Legend Insurance was a pleasure to deal with. The information was clear and easy to understand. The coverage and service was quick and easy to set up. So far we are very happy with the service.
Trystan Gagne
We are very happy with the boat insurance. The pricing was more than competitive and the service was excellent even when we kept changing things or adding items. The fact that you were willing to wait for payment solutions was greatly appreciated.
We would recommend this insurance to anyone.
Carolyn & Jim Maurice
Legend Insurance was awesome! I shopped around all over the place for the best price and even the insurance company I use for my house, farm, toys, etc. couldn’t beat Legend Insurance’s price, they were by far the cheapest, even with my other bundles. I got a quote immediately after finalizing my boat purchase and even though I made a lot of changes to the boat before picking it up, Legend Insurance kept up with it all and made sure the boat was insured the day I picked it up. My representative was super friendly and helpful with absolutely stellar service
Gerry Glass
About Us
Boat insurance coverage designed by boaters, for boaters
For over 30 years, Legend has been helping boaters onto the water to create incredible memories that will last a lifetime. Anybody who has ever boated will attest, there’s really nothing like a day out on the water! So we know that when accidents happen that prevent you from enjoying your boat, all you can think about is getting back out there as quickly as possible. So we’ve developed the ultimate boat insurance that is not only affordable, but packs in all of the coverage and benefits that we, thanks to our experience, know boaters need.
