Travelers is one of the most well-known and oldest insurers. It has flexible policy options, and it is rated highly in many states. This makes it a good choice for homeowners that want to make sure their home is covered against the most common hazards.
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 says A+ Financial stability: "A strong rating from a respected organisation like AM Best shows that they will be able to fulfill their obligations. That's something every homeowner should consider," explains Fitzpatrick. Having a good score from a top-tier company isn't enough to guarantee coverage or savings, so it's important to also look at the insurer's customer satisfaction ratings.
High-Value Insurance: If your valuables are expensive, you may want to consider Travelers' Important Items Plus. 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: Homeowners whose homes have been certified as "green" by the Leadership Energy and Environmental Design group (LEED), may be able to save 5% of their insurance premium.
Travelers' commitment to customer satisfaction is unmatched. Particularly, the claims process at Travelers is fast and accurate. It can make filing a homeowner claim easier.
Protective Devices Smoke detectors can help reduce homeowners insurance costs. Interior sprinkler systems and home security devices are also helpful. It's especially important if you live within a gated-community or an area where crimes are more common.
Loss Free Discount: This offer is only available to homeowners with no claims in the past. This discount varies by state, but you must have not filed a claim in the past year to qualify.
Safe Home Discount: If you have installed devices that protect your home, such as smoke alarms, fire detectors, and a smart system for your home. The devices prevent burglary and house fires.
Multiple Policy Bundles: You can get a discount for having several policies from Travelers, including auto insurance, condo insurance, boat and other types of policies.
Travelers Mobile app allows you to view your policy details and make online payments. It helps you file your claim as well as track it.
A+ Overall Customer Satisfaction: "Travelers customers are consistently satisfied with their experience," says Alice Stevens, senior editor over insurance at BestCompany. Stevens says the company also has made improvements in customer service over the past year.
MoneyGeek has given a score of 87 to travelers homeowners insurance. This is an excellent rating. However, overall financial stability ratings and affordability scores don't compare to other insurance companies.