Travelers home insurance has been around for many years and is one the most well known insurers. It has flexible policy options, and it is rated highly in many states. This makes it a good choice for homeowners that want to make sure their home is covered against the most common hazards.
MoneyGeek compares Travelers homeowners insurance with other companies
MoneyGeek, in order to evaluate Travelers as an insurance provider for homeowners, studied its website and collected quotes. It also consulted consumer intelligence organisations such as J.D. Power, the NAIC and AM Best.
Mark Fitzpatrick - Senior Content Manager at MoneyGeek - says "A+ Financial Security" is a sign that an insurer has the ability to meet its obligations. The best-rated company's score alone is not enough to ensure coverage and savings. You should also consider the customer satisfaction rating of your insurer.
High-Value coverage: If you are in possession of valuable items, then Travelers’ Valuable Item Plus may be the right option for you. This coverage protects items like jewelry, silverware, and electronics.
Additional Replacement Cost Coverage (ARC): This coverage reimburses you for the costs of repairs or rebuilding your home if your dwelling insurance doesn't cover its full value after a loss or damage.
Green Home Discount. Homes that have been certified by Leadership Energy and Environmental Design as a "green home" may receive a 5% discount on their policy.
Travelers provides customers with unsurpassed customer satisfaction. In addition to having the best-rated insurance company, they are committed to offering them the best level of service. In particular, the company's claims process is fast and accurate, which can make the process of filing a claim much easier for homeowners.
Protective Devices - Smoke detectors and interior sprinkler systems, as well as home security systems, can lower your homeowners insurance rates. They're especially useful if you live in a gated community or in an area where crime is more prevalent.
Loss-Free: This is a discount for homeowners that have not made a claim over a given period. It will vary by state but typically requires you to have been without a claim for at least a year before applying for this discount.
Safe Home Discount: If you have installed devices that protect your home, such as smoke alarms, fire detectors, and a smart system for your home. The devices prevent burglary and house fires.
Multiple Policy Bundles: You can get a discount for having several policies from Travelers, including auto insurance, condo insurance, boat and other types of policies.
Travelers' mobile app allows you online access to your policy and payment information. It helps you file your claim as well as track it.
Alice Stevens is the senior editor for insurance at BestCompany. She says that Travelers customers consistently express satisfaction with their experiences. Stevens also says that this company has made major improvements in terms of customer service.
MoneyGeek gives a rating of 87 for the overall average rating of travelers homeowner insurance, which is excellent. However, overall financial stability ratings and affordability scores don't compare to other insurance companies.