Travelers Home Insurance is among the oldest and best-known insurance companies in the world. 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 to Other Companies
MoneyGeek evaluated Travelers' homeowners insurance by analyzing its website, collecting quotes, and consulting consumer intelligence organizations like J.D. Power, NAIC & AM Best.
Mark Fitzpatrick is senior content manager for MoneyGeek. He says that A+ financial stability means they are able to meet their 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 Protection: If you own valuable items, the Travelers' Valued Items Plus coverage could be right for you. It covers items such as electronics, jewelry and silverware.
Additional Replacement Cost Coverage: This coverage reimburses for repair or rebuilding costs if your dwelling coverage doesn't cover the full value of your home after damage or destruction occurs.
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. Particularly, the claims process at Travelers is fast and accurate. It can make filing a homeowner claim 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 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 Bonus You may qualify for a discount in your insurance premium if you've installed safety devices such as smoke and fire alarms or a smart-home system. The devices prevent burglary and house fires.
Multi-Policy Bundles: Travelers offers discounts for multiple policies, such as auto insurance, condo or boat insurance.
Travelers App allows you to access policy information online and make payments. This app also allows you to track your claim and file it.
Alice Stevens - Senior Editor for Insurance at BestCompany - says: "Travelers Customers are Consistently Satisfied with Their Experience." The company also has made significant improvements in its customer service this year, Stevens adds.
MoneyGeek rates travelers homeowner's insurance at 87 out of 100, which is excellent. Although the financial stability and affordable scores aren't nearly as high, they are still higher than other insurance companies.