Travelers Home Insurance is among the oldest and best-known insurance companies in the world. It offers flexible policy options and excellent financial ratings in most states, so it's a great choice for homeowners who want to ensure their home is protected against the most common perils.
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 and AM Best.
Mark Fitzpatrick's senior content manager, MoneyGeek, says: "A+ Financial Stability": "A good financial rating from an established organization such as AM Best indicates that the insurer can meet its obligations. This is something any homeowner should look for." 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 provides protection for items such as jewelry, silverware and electronics.
Additional Replacement Coverage: This policy reimburses repair and rebuilding costs in the event that your dwelling coverage does not cover your entire home's value.
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.
Travelers offers customers the highest quality of customer service. Particularly, the claims process at Travelers is fast and accurate. It can make filing a homeowner claim easier.
Protective Devices: Smoke detectors, an interior sprinkler system and home security systems can reduce your homeowners insurance premiums. They're especially useful if you live in a gated community or in an area where crime is more prevalent.
Loss-Free: This is a discount for homeowners that have not made a claim over a given period. 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 can receive a discount on your home insurance if you have installed protective devices such as smoke detectors, fire alarms and a smart home system. The devices help prevent burglary 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 also helps you file and track your claim.
Alice Stevens is the senior editor for insurance at BestCompany. She says that Travelers customers consistently express satisfaction with their experiences. Stevens says that the company has also made significant improvements to its customer service in this past year.
MoneyGeek rates travelers homeowner's insurance at 87 out of 100, which is excellent. The overall financial stability scores and affordability scores of Travelers Insurance are not as high as those from other insurance companies.