Travelers insurance is one of oldest and well-known insurers. 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
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 or 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." 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. This coverage protects items like 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, its claims process can be fast and accurate. This makes the process of filing for a home insurance claim easier.
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.
Loss-Free: This is a discount for homeowners that have not made a claim over a given 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 Discount: If you have installed devices that protect your home, such as smoke alarms, fire detectors, and a smart system for your home. These devices can help to prevent fires and burglaries.
Multiple Policy Packages: You will receive a discount when you purchase multiple policies at Travelers. These policies include auto, condo, boat, and other types.
Mobile App: A Travelers app lets you access your policy information and make payments online. It will also help you track and file a claim.
A+ Overall Customer Satisfaction: "Travelers customers are consistently satisfied with their experience," says Alice Stevens, senior editor over insurance at BestCompany. Stevens also adds that the company's customer service has improved significantly this year.
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.