Boatowner Insurance Policies Offered by The IMT Group

Boat Insurance with The IMT Group

Boat More Worry Less!

You probably have insurance on your home and auto, but do you have the proper insurance coverage on your boat? New boatowner insurance policies written by The IMT Group are automatically placed into our Wadena Boatowner program. This program provides you with the proper protection so you can truly enjoy a nice relaxing day on your boat!

Our Wadena Boatowners policy will allow you to insure almost any type of recreational boat including the following types:

  • Ski Boat
  • Pontoon
  • Sailboat
  • Cabin Cruiser
  • Catamaran
  • Personal Watercraft
  • Bass Boat
  • Canoe
  • Houseboat

Enhanced and Optional Coverages

Miscellaneous Property – covers up to $1,500 of boating property, fishing equipment, and certain other types of personal property. A wide variety of boating equipment is covered such as life jackets, ski ropes, and water skis. All covered losses are settled on a replacement cost basis, which means there will be nothing subtracted for depreciation.

Emergency Services – provides up to $50 for towing and labor arising out of the disablement of a covered boat.

Total Loss Replacement – an optional coverage for boats up to 5 model years old. If your boat is totaled due to a covered loss, we will replace it with a current model year boat of the same make, model and covered equipment without subtracting for depreciation.

Medical Payments – pays for medical expenses if you or any of your passengers are injured while riding in the boat, water skiing, or riding on an inflatable behind your boat.

Uninsured/Underinsured Boaters – protects you and your passengers from injuries sustained as the result of an uninsured or underinsured boat.

This is a summary of coverage. Review the actual policy for details on all coverages, terms, limits, conditions and exclusions.

In addition to our competitive rates, there are many discounts available. Following is a list of discounts offered within the Wadena Boatowners policy.

Financial Stability – individuals with a favorable credit history will receive a discount.

Boater Safety Course Completion – boats primarily operated by a driver who has successfully completed an approved boater safety course will receive a discount. Approved boater safety courses include those from the U.S. Coast Guard Auxiliary, U.S. Power Squadron, The Red Cross, or an accredited state course.

Multi-Boat – insuring more than one boat on your policy will save you money.

Diesel Fuel Discount – boats operated by diesel fuel receive a discount.

The following factors are not considered to be policy discounts, but they modify the rating tier of your policy, resulting in a better rate:

Years of Boating Experience – as your years of boating experience increases, you will receive a better rate.

Supporting Personal Auto Policy – customers who also maintain an IMT Insurance or Wadena Insurance Personal Auto policy will receive a better rate.

Homeowners Discount – customers who also maintain an IMT Homeowners policy will receive a better rate.

Supporting Personal Umbrella Policy – customers who also maintain an IMT Personal Umbrella policy will receive a better rate.

We would encourage you to find out more about the Wadena Boatowners program and obtain a free quote by contacting a local Wadena Insurance agent today!