Travelers insurance is one of oldest and well-known insurers. It is known for its flexible policy options as well as excellent financial ratings.
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, 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. Even if you have a high score from an elite company, it doesn't guarantee that the insurance will be covered or save you money. So make sure to check out their customer satisfaction ratings.
High-Value Protection: If you own valuable items, the Travelers' Valued Items Plus coverage could be right for you. It protects jewelry, silverware and electronic items.
Additional Replacement cost coverage: This coverage reimburses the repair or rebuilding expenses if you're dwelling coverage doesn’t cover all of the value of your house after a damage or destruction.
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.
Unparalleled Customer Satisfaction - Travelers, a leading insurance provider, is dedicated to providing the highest standard 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 - Smoke detectors and interior sprinkler systems, as well as home security systems, can lower your homeowners insurance rates. 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. 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 be eligible for a discount if you install safety devices, such as fire alarms, smoke detectors and smart systems. These devices are designed to help prevent burglaries and fires.
Multi-Policy Bundles: Travelers offers discounts for multiple policies, such as auto insurance, condo or boat insurance.
Mobile App: A Travelers app lets you access your policy information and make payments online. It helps you file your claim as well as track it.
Alice Stevens, senior insurance editor at BestCompany, says Travelers customers are consistently happy with their experience. Stevens says the company also has made improvements in customer service over the past year.
MoneyGeek gives a rating of 87 for the overall average rating of travelers homeowner insurance, which is excellent. Overall financial stability and affordability aren't quite as high as with other insurance providers.