Travelers is a major U.S. insurance company offering homeowners, auto, renters, condo, umbrella and other insurance products. Its homeowners insurance is designed to protect the home's structure, personal belongings and homeowners against covered losses.
A Travelers homeowners policy can provide dwelling, other structures, personal property, personal liability and loss-of-use coverage. These protections can help cover repairs to a home, eligible personal belongings, certain liability claims and additional living expenses when a covered loss makes the home temporarily uninhabitable.
Travelers also provides several optional coverage choices that allow homeowners to customize their policies. These can include additional replacement cost protection, contents replacement cost, water backup and sump pump coverage, identity fraud protection and valuable-items coverage, depending on the policy and state.
Additional replacement cost protection can be particularly valuable when rebuilding costs increase after a major covered loss. Eligible coverage may provide additional funds when the cost to rebuild exceeds the dwelling coverage limit, subject to policy terms, conditions and applicable limits.
Travelers also offers several opportunities for eligible homeowners to reduce premiums. Discounts may be available for bundling policies, protective devices, claim-free history, qualifying smart-home technology and green-home features. Actual discounts vary by state and customer eligibility.
Homeowners should remember that standard policies do not cover every type of loss. Flood and earthquake damage generally require separate insurance or additional coverage, while certain high-value possessions may require specialized protection.
Travelers may be a good choice for homeowners looking for customizable coverage, replacement-cost protection, valuable-property options and multiple discount opportunities. However, customers should compare the final premium, deductible, coverage limits, exclusions and available endorsements with other insurers before purchasing.
