Travelers Home Insurance is among the oldest and best-known insurance companies in the world. It is known for its flexible policy options as well as excellent financial ratings.
MoneyGeek Compares Travelers homeowners insurance with Other Companies
MoneyGeek reviewed Travelers’ website, collected quotes, and consulted organizations that provide consumer intelligence, such as J.D. Power, NAIC or AM Best.
Mark Fitzpatrick is senior content manager for MoneyGeek. He says that A+ financial stability means they are able to meet their obligations. If you want to be sure that your insurance policy will cover all of your needs, and save money, don't just look at the company's rating. Also consider their customer satisfaction scores.
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 Cost: This insurance reimburses for repairs or rebuilding after damage to your home.
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.
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. 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: A smoke detector, an interior sprinkler and a home security system can all reduce your insurance premiums. It's especially important if you live within a gated-community or an area where crimes are more common.
This discount is for homeowners who haven't filed a claim within a specified period. The state will determine the amount of time you need to wait before applying for a 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 can help to prevent fires and burglaries.
Multiple Policy Bundles. You can receive a discount by having multiple policies with Travelers. These include auto insurance policies, condo policies, boat policies and more.
Travelers Mobile app allows you to view your policy details and make online payments. You can also track and file your claim.
Alice Stevens - Senior Editor for Insurance at BestCompany - says: "Travelers Customers are Consistently Satisfied with Their Experience." Stevens says that the company has also made significant improvements to its customer service in this past year.
The overall average rating for travelers homeowner insurance is 87 from MoneyGeek, which is excellent. However, the overall financial stability and affordability scores aren't as high as other insurance companies.