Travelers Homeowners Insurance (2024)
Travelers homeowners insurance includes base coverage such as dwelling and other structures, personal property, additional living expenses, liability, and medical payments. In addition, Travelers homeowners insurance provides many add-on coverages to customize your policy. However, Travelers seems to have much higher homeowners insurance rates than other companies.
- Travelers homeowners base coverage includes coverage for your dwelling and other structures, personal property, additional living expenses, liability, and medical payments
- Additional home insurance coverages from Travelers include special personal property coverage, contents replacement coverage, additional replacement cost coverage, extra coverage for valuables, and more
- Travelers homeowners insurance rates are much higher than rates from competing companies
Travelers sold its first insurance policy for two cents more than 165 years ago. However, Travelers is a leading insurance company that provides a variety of coverages, including homeowners insurance.
Travelers is bound to have the coverage you need if you’re looking for homeowners insurance that you can customize to meet your needs. The company has a variety of add-on coverages along with discounts to save on your premiums. Read more about Travelers homeowners insurance below.
Enter your ZIP code into our free quote comparison tool above to compare your Travelers homeowners insurance quotes to policies from other companies in your area.
What does Travelers homeowners insurance cover?
Homeowners insurance typically comes with the following types of coverage included:
- Dwelling and other structures: Covers damages to your home and unattached structures, such as sheds
- Personal property: Covers the cost to repair or replace personal belongings, such as furniture or jewelry
- Additional living expenses: Covers expenses related to staying somewhere outside your home while it is being repaired or rebuilt
- Liability: Covers expenses if you damage someone’s property
- Medical payments: Covers expenses if someone is hurt on your property
In addition to these base coverages, Travelers offers additional coverage types that you can add to your homeowners policy, including special personal property coverage, contents replacement coverage, additional replacement cost coverage, extra coverage for valuables, water backup or sewer coverage, identity fraud coverage, and green home coverage.
Special personal property coverage will expand your base home coverage to cover the cost to repair or replace your personal belongings after any disaster unless it is excluded in your policy (rather than only covering them for specific disasters).
If you purchase contents replacement coverage, Travelers will pay you enough money to buy brand new items after yours are stolen or destroyed, instead of only paying the depreciated value of your previous belongings.
Additional replacement cost coverage will increase your coverage limit to rebuild your home if it is destroyed. Similarly, extra coverage for valuables will increase your coverage limit to repair or replace jewelry or other valuable items.
Water backup or sewer coverage will cover the cost of repairs if drains, sewer lines, or sump pumps cause water damage to your home.
With Travelers’ identity fraud coverage, you could receive a reimbursement for up to $25,000 if someone steals your identity and uses your personal information fraudulently.
Finally, green home coverage will allow you to use environmentally-friendly materials to repair or rebuild your home.
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How much is Travelers homeowners insurance?
Unfortunately, Travelers homeowners insurance rates seem significantly higher than competitors’. Take a look at the average annual homeowners insurance rates from popular companies below:
| Company | Average Annual Homeowners' Insurance Rates |
|---|---|
| Travelers | $2,871 |
| State Farm | $1,731 |
| Nationwide | $1,724 |
| Auto-Owners | $1,518 |
| Lemonade | $1,461 |
| Progressive | $1,236 |
Even though Travelers home insurance is more expensive than others, it does provide various discounts for savings opportunities. These discounts include multi-policy discounts (for bundling more than one type of insurance), claims-free discounts, new homeowner discounts (for those who purchased their home in the previous 12 months), safety device discounts, and green home discounts.
Read more: Homeowners Insurance Discounts
How is the Travelers homeowners insurance company rated?
Travelers has an A++ rating from A.M. Best, meaning it has a superior ability to meet its financial obligations. In addition, it has an A+ long-term issuer credit rating, meaning it has an excellent ability to repay long-term debt.
Unfortunately, Travelers has an NAIC complaint index of 2.45, which is significantly higher than the national average of 1.00 and indicates that the company receives more complaints than companies of a similar size.
However, Travelers has an A rating from the BBB. Customer reviews on Consumer Affairs indicate varying degrees of satisfaction with customer service and claims processing. It may depend on your insurance agent or the customer service representative you work with.
How do I file a claim or get quotes?
The easiest way to file a Travelers homeowners insurance claim is to use your policyholder login to access your online account. In addition, you may need to provide photos, receipts, estimates, or other documentation.
You can receive Travelers homeowners insurance quotes in a few different ways. If you are already in touch with an insurance agent that sells Travelers’ insurance, they may be the best place to start. You can also call (888) 345-5243 or fill out the quote form on Travelers’ website.
When you get a quote from Travelers, you will be asked several questions about your home. You will need to discuss your home’s features and construction, previous upgrades or repairs, and your current homeowners insurance.
Read More: Travelers Auto Insurance in Dallas Review
How do I contact Travelers?
Travelers recommends using its app or website for self-service options for personal insurance. However, you can also contact Travelers by phone or mail.
For billing and policy questions, you can call (800) 842-5075. Or you can send personal insurance payments to Travelers Personal Insurance, PO Box 660307, Dallas, TX 75266.
Should I buy Travelers homeowners insurance?
Overall, we would not recommend buying Travelers homeowners insurance, primarily due to its high rates. In most cases, homeowners can find home insurance much cheaper than Travelers’ rates. However, the company does offer some advantages.
Travelers provides a wide variety of additional coverages, so you can customize your policy and make sure you have the specific coverage types you need for your home and belongings.
With that being said, Travelers has more complaints than other homeowners insurance companies. Therefore, you may want to try looking for a company with better claims satisfaction and more customer-friendly agents.
If you cannot find affordable Travelers homeowners insurance, your next step should be to compare quotes from other companies. Enter your ZIP code into our free quote comparison tool to see which homeowners insurance policies are available in your area.