Travelers home insurance has been around for many years and is one the most well known insurers. Travelers offers flexible policies and has excellent financial ratings across most states. It's an ideal choice for homeowners looking to protect their home against common perils.
MoneyGeek Compares Travelers homeowners insurance with Other Companies
To evaluate Travelers as a homeowners insurance provider, MoneyGeek analyzed its website, collected quotes and consulted consumer intelligence organizations such as J.D. Power, NAIC & 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 Policy: If you possess valuable items then the Travelers’ Valued Item Plus policy may be for you. It provides protection for items such as jewelry, silverware and electronics.
Additional Replacement Coverage: This policy reimburses repair and rebuilding costs in the event that your dwelling coverage does not cover your entire home's value.
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.
Unparalleled Customer Satisfaction - Travelers, a leading insurance provider, is dedicated to providing the highest standard of customer service. In particular, Travelers' claims process is fast, accurate and can make the filing of a claim for homeowners much easier.
Protective devices: A smoke detector, an interior sprinkler and a home security system can all reduce your insurance premiums. They're especially useful if you live in a gated community or in an area where crime is more prevalent.
This discount is for homeowners who haven't filed a claim within a specified period. It will depend on the state, but in general you have to be without a claim at least one year before you can apply for this discount.
Safe Home Bonus: If you install protective devices like smoke detectors, alarms for fires and smart home systems, then you can get a discount on home insurance. These devices are designed to help prevent burglaries and fires.
Multiple Policy Bundles : You may be eligible for a discount if you have multiple Travelers policies. This includes auto insurance and condo insurance.
Mobile App: A Travelers app lets you access your policy information and make payments online. It also helps you file and track your claim.
Alice Stevens is the senior editor for insurance at BestCompany. She says that Travelers customers consistently express satisfaction with their experiences. Stevens says that the company has also made significant improvements to its customer service in this past year.
MoneyGeek's overall rating for traveler homeowner insurance is 87, which is excellent. Although the financial stability and affordable scores aren't nearly as high, they are still higher than other insurance companies.