Travelers is one of the most well-known and oldest insurers. The company offers flexible coverage options and high financial ratings in the majority of states.
MoneyGeek Compares Travelers homeowners insurance with other companies
MoneyGeek studied Travelers' website, gathered quotes, and spoke with consumer intelligence groups 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 have valuable items, Travelers' Valuable Items Plus coverage may be a good option for you. It covers items such as electronics, jewelry and silverware.
Additional Replacement Cost: This insurance reimburses for repairs or rebuilding after damage to your home.
Green Home Discount: Homes that have been certified as a green home by the Leadership Energy and Environmental Design (LEED) organization may save up to 5% off of their policy.
Unparallelled Customer Satisfaction: In addition to being a top-rated insurance carrier, Travelers is committed to providing customers with the highest level of customer service. The company's claim process is quick and accurate. This can make it easier for homeowners to file a claim.
Protective Devices - Smoke detectors and interior sprinkler systems, as well as home security systems, can lower your homeowners insurance rates. These devices are especially helpful if you reside in a gated neighborhood or an area with a high crime rate.
Loss-Free Discount: This discount applies to homeowners who have not filed a claim for a period of time. This will vary from state to state but usually requires that you haven't filed a claim for the last year.
Safe Home Bonus - You may be eligible for a discount if you install safety devices, such as fire alarms, smoke detectors and smart systems. These devices can help to prevent fires and burglaries.
Multiple Policy Packages: You will receive a discount when you purchase multiple policies at Travelers. These policies include auto, condo, boat, and other types.
Travelers mobile app: You can access your policy info and pay online with the Travelers app. This app also allows you to track your claim and file it.
Alice Stevens is the senior editor for insurance at BestCompany. She says that Travelers customers consistently express satisfaction with their experiences. The company also has made significant improvements in its customer service this year, Stevens adds.
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.