Travelers is one of the country's largest property casualty companies. The company has been in the industry for over 150 years and offers a variety of insurance options.
Travelers was founded more than 160 years ago and has grown to become one of the nation’s leading insurance companies.The company offers a variety of insurance options, customizable to fit your unique needs. These options include renters insurance. Renters Insurance is not only provided to protect and safeguard your most valued possessions, it may also help to provide temporary lodging,aid in legal liability (including court costs) and cover mounting medical bills for others.
Travelers .is one of the most stable and well-known companies in the industry. The company has gained stellar marks for their ability to meet and exceed its customers’ expectations
Cost Monthly fee | Coverage and fees vary; get a quote for more details |
Ease Ways you can enroll | Online or by phone |
Coverage What services are covered | Personal property coverage, liability coverage, and more |
Waiting period Is there a waiting period? | Unclear from website; check with an agent to be sure |
Customer support When can I contact customer service? | 8 AM-11 PM EST Mon-Fri, 8:30 AM-6:30 PM Sat, 8:30 AM-6 PM Sun |
Mobile app Is a mobile app available? | Yes |
Online quotes Are quotes available online? | Yes, a quote for renters insurance can be received in just a few minutes |
Discounts Are discounts available to lower premiums? | Yes, for bundling and installing a home security system |
Payments What types of payments are accepted? | Credit cards, debit cards, and mailed checks |
Local agents Are local agents available? | Travelers has many local and independent agents |
Paperless Is there a paperless billing option? | Yes |
Online policy Can a policy be purchased online? | Yes, a policy can be obtained online in a matter of minutes |
If you have an insurance claim related to your home or personal belongings, ideally, you would want to replace your valuables as fully as possible. However, in many cases, your renters insurance policy will only cover the actual cash value (ACV) of the lost or destroyed items. Actual Cash Value can better be defined as the actual value of an item, as it would be today, with depreciation. Unfortunately, ACV is not the actual amount paid for the item. Even though your item may be in immaculate condition, it is now considered “used.” Actual cash value can be thought of as what you may be able to sell the items for at a yard sale.
If you are like most seniors, you have valuable jewelry or family heirlooms that have been collected over the years. Though some of the items may have more sentimental value than actual value, your items have likely been maintained well over the years.However, due to the age of the item, along with depreciation, many of those items may be deemed nearly worthless. Fortunately, Travelers provides the option to purchase additional coverage, Contents Replacement Cost. This additional coverage allows you to be compensated fully, with no consideration of the age or depreciation of your items.
During an emergency, you may face special difficulties, especially if you suffer with a chronic illnesses or disease.In the event of an emergency that displaces you from your home, it’s quite possible that those chronic health conditions could become more severe. Fortunately, Travelers offers Loss of Use coverage. This coverage is extremely beneficial, designed to provide aid if you are forced out of your apartment by a covered event. Loss of Use coverage provides a percentage to you to help cover for necessary additional living expenses such as hotels, meals and transportation while your damaged rental is being repaired.
Having this option of relocating to a stable environment is extremely convenient and decreases the possibility of exacerbating any present medical conditions.
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Founded in 1853, Travelers has progressed to earn a reputation as one of the best property casualty insurers in the industry. Known as one of the most stable names in the insurance industry, Travelers offers a wide range of renters insurance and add-on optionsto help protect your personal belongings.
Travelers was recognized by Fortune magazine as one of the "World's Most Admired Companies,” and was named by Forbes magazine as one of its "Most Respected Companies." Additionally, the company continues to receive rave reviews from satisfied customers.
If you’re looking for one-on-one guidance from an agent or prefer to contact customer service for assistance, Travelers might be a good fit.
Frequently Asked Questions:
Will the premium increase if a claim is filed?
There is no guarantee that a premium will increase due to the filing of a claim. However, filing numerous claims may have an adverse effect on rates, and may even be cause for the cancellation of the policy.To be sure of the specifics of a particular policy, the insured should contact Customer Service for assistance.
When a claim is filed, is proof of ownership needed for stolen or damaged property?
After a loss, it may be difficult to remember the details of every item you have accumulated in your home over the years. Therefore, the company recommends completing an inventory of all possessions, to include serial numbers. Though not always required, having this information can expedite the claims process.
Can the status of a claim be monitored?
Yes. Once a claim is filed, customers can track the status of their claims 24/7 with the online portal or mobile app. Customer service and local agents can also provide claim status updates.
More Information:
Overview: With over 150 years in the industry, Travelers is the third-largest writer of U.S. personal insurance in the country. The company provides a wide range of insurance options.
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Optional Accessories or Add-on Services, if any: N/A
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Accreditations: Travelers has an accredited business profile with the Better Business Bureau and maintains an A+ rating.
Company Details: Founded in 1853, Travelers has grown to become one of the largest insurance companies in the world, providing coverage for auto, home and business. The company provides coverage in every U.S. state and also operates in Canada and the U.K. The company boasts over $100 billion in assets.
Travelers Insurance
1 Tower Sq Stop 8A
Hartford, CT 06183-0001
Tel:866-602-9357
Email:consumeraffairs@travelers.com
Website: https://www.travelers.com/
