IMT Insurance Company — Full Range of Protection for Your Home

Insurance is a sure-fire way of ensuring that your assets are protected from accidents or mishaps. Since these events are unpredictable, insurance companies often encourage customers to buy extensive policies based on the type of asset they want to protect.

Homeowners insurance is one such necessity offered by several insurance providers. Since your house is a valuable asset, getting home insurance helps you protect your investment. Often, people get insurance as a preventative measure. In some cases though, home insurance is a much-needed requirement.

Your house needs to have insurance if you want to get a mortgage. It offers protection to the physical structure of your home. Depending on your insurance company, it also provides compensation for your items, medical bills, and other damaged goods. If you want to protect your house from any potential damage, a trusted insurance company like IMT Insurance can be the right choice. Here’s how.

IMT Home Insurance Products

IMT Insurance is a Midwestern company, founded in Wadena, Iowa, in 1884. With over a century of experience, the company generates around $223.58 million in sales. IMT Insurance recognizes the need for their customers’ homes to be protected and has a wide range of options for houses, condos, mobile homes, rentals, and even landlord coverage. Let’s take a look at all of their different home insurance products.

Homeowners Insurance

Mishaps and calamities are unexpected occurrences. You cannot predict them or prevent their impact. As you do not know when a calamity will strike, it is best to have a protection plan ready to cover any damages that may occur. The IMT Homeowners program helps policyholders recover, rebuild, and repair their home if it gets damaged during a calamity.

Items Covered Under IMT’s Homeowners Insurance Policy

In addition to helping its customers recover their losses, IMT Insurance Company also offers different enhanced and optional coverages. These coverage options encompass essential aspects that a customer may have to deal with in the aftermath of damage. Some of these include:

• Additional Living Expenses. This coverage option offers compensation for living in a separate house if your house is damaged significantly and rendered uninhabitable.
• Dwelling, Garage, and Other Structures. It provides coverage for the damaged structures around the house, except for the actual house.
• Equipment Breakdown. The equipment breakdown coverage offers compensation for mechanical breakdowns, electrical breakdowns, and damage due to power surges to your personal property items.
• Legal Fees. It covers legal fees and court costs associated with covered liability losses. These legal fees are paid in addition to the listed policy limits.
• Medical Payment. This coverage covers the medical expenses of other people injured on your property premises. The coverage is given regardless of who was at fault during the incident.
• Personal Property. It offers complete protection to your personal property irrespective of your location.
• Replacement Cost. If you have your home and other structures insured along with this coverage option, the company will provide you with at least 80% of their replacement cost.
• Scheduled Personal Property. Under this optional type of coverage, you get broad protection for valuable items of personal property such as jewelry, artwork, and musical instruments.
• Underground Service Line. The optional coverage for the underground service lines covers loss or damage to underground piping or wiring that provides electrical power, natural gas, waste disposal, water, internet access, and telecommunications to your house.
• Water Backup and Sump Overflow. Optional coverage for water backup and sump overflow covers water damage caused by sewer, drain backup, or sump pump overflow.

These enhanced and optional coverages by IMT insurance also have a wide range of discounts available depending on the age of the home, financial stability, loyalty, multi-policy, and others.

IMT’s Gem Homeowners Policy

Other than the above coverage options, IMT Insurance also offers a Gem insurance policy to its customers. This policy provides low-cost coverage compared to other companies which charge an additional premium. However, customers should own a home that has a replacement cost of $175,000 or higher to be eligible for IMT’s Gem Homeowners Policy.

Here are a few features of this policy according to several IMT Insurance reviews:

• Account Deductible. Customers who have more than one personal policy with IMT Insurance company receive waived deductible benefits. If the loss involves multiple policies, the customer is to pay the highest deductible. The company waives the rest of the deductibles.
• Extended Replacement Cost. If a natural disaster occurs, the material costs and labor required to repair or replace your property increases very quickly. In such cases, the company pays up to 25% more than your policy limit to cover all expenses of replacement.
• Arson Reward. The company pays up to $1,000 for information that results in the perpetrators getting convicted. It is only applicable if arson has been committed on your property.
• Disappearing Deductible. The company waives your deductible if you experience a covered property loss over $20,000, other than that caused by wind or hail.
• Fire Department Service Charge. The company pays up to $1,500 if there is a need to call the fire department to your insured home to save or protect it.
• Personal Injury Coverage. This coverage offers protection if accidental libel, slander, wrongful entry, or invasion of privacy occur on your insured property.
• Special Coverage Limit. The company also increases coverage limits for money from $200 to $1,000, coverage for securities from $1,500 to $5,000, and coverage for business property on residence premises from $2,500 to $10,000.

If you are interested in buying any of IMT Insurance’s homeowners policies, you can go to the IMT Insurance company website to get a free quote according to your ZIP code.

Condo/Cooperative Unit Insurance

Several people who live in condos or co-op units also need insurance policies to insure their homes. The company has an IMT Gem II unit owners’ program for such people which provides more coverage compared to the basic homeowners policy.

This insurance policy also offers coverage options similar to homeowners insurance, like account deductible, disappearing deductible, personal injury, replacement cost for personal property, and unit owners’ special coverage.

Landlord’s Insurance

If you own multiple homes, you can also decide to become a landlord. In that case, your home insurance requirement will differ from a normal homeowner. IMT Insurance company offers landlords adequate protection and coverage through an IMT Dwelling policy.

Depending on your requirement, their landlord’s insurance can cover the rental dwelling or areas like attached structures with optional insurance. As a landlord, you also receive coverage for loss of rental income. In case your property is damaged due to any disastrous occurrence, the company pays the loss of rental income within your policy limits until the unit is repaired or rebuilt.

Additionally, you also receive liability and medical payments coverage if any person gets injured on the premises of your rental property. The IMT Dwelling policy covers both liability and medical payments which cover the damage cost for members of your household, or tenants, even if the injury is not necessarily your fault.

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IMT Home Insurance Cost

IMT Insurance offers home insurance at an affordable rate to make it accessible to everyone. Its homeowners insurance is set at a competitive market rate in Iowa, where the average price is around $1,421. The average rate of homeowners insurance made available by IMT Insurance company is around $683, making it one of the most cost-effective options for homeowners. It is cheaper than the state average by $738, making it a more affordable option for policy buyers.

IMT Home Insurance Discounts

People who have been consistent policyholders with IMT Insurance receive rewards in the form of multiple discounts. Here are some of those:

• Claims-free Discount. IMT Insurance also offers a discount to policyholders who have remained claim-free for a significant time, similar to other companies.
• Loyalty Discount. The company also rewards customers who have been home insurance policyholders for a long time with insurance discounts.
• Multi-Policy Discount. If you have multiple policies with the company and have chosen their home insurance products, you are eligible to get discounts.

However, like all the policies, these discounts may also be available in select states where IMT Insurance operates.

IMT Insurance Company Reviews

IMT Insurance has largely positive reviews due to its experience and history in the insurance industry. It is a preferred choice as it offers a wide variety of coverages for people with personal and business requirements. Many customers have found it convenient to work with the company through their independent insurance agents and their around-the-clock, friendly customer service.

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Wadena Insurance Customer Service

Other than the above range of coverages, IMT Insurance also has other enterprises that provide protection to a wider audience. Wadena Insurance is one such affiliate that operates under IMT Insurance in the central United States. This company offers car, home, farm, business, and umbrella insurance services. It is easy to get in touch with Wadena Insurance representatives by using any of the following options:

• Phone
• Website contact form
• 24/7 claims reporting
• Mail

The specialty of IMT Insurance and Wadena Insurance customer service is that they help you get in touch with a local, independent insurance agent. It ensures that you receive personalized care, your claims are professionally handled, and you receive your coverage on time.

One-stop Solution for Your Insurance Needs

In addition to home insurance, IMT insurance also offers personal auto insurance, motorcycle insurance, commercial auto insurance, personal umbrella insurance, business insurance, and many more products. You can ensure complete protection for your home by opting for IMT Insurance. Log in to the IMT Insurance company website for details regarding free insurance quotes and payments.

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