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With a wide range of discounts, a user-friendly website and policies available in most states, Travelers renters insurance is a solid option to cover an apartment or rental home. The company has been in business since 1864.
Travelers renters insurance pros and cons
How Travelers renters insurance rates
Travelers renters insurance earned 5 out of 5 stars for overall performance. allstocksnews.com’s ratings are determined by our editorial team. The renters insurance scoring formula takes into account policy coverage options and discounts, ease of filing a claim, website transparency, the financial strength of the company, complaint data from the National Association of Insurance Commissioners and more.
Based on these ratings, Travelers is among allstocksnews.com’s Best Renters Insurance Companies for 2021.
Travelers renters insurance state availability
Travelers currently offers renters insurance in 44 states and Washington, D.C.
Travelers renters insurance coverage
Like most renters insurance companies, Travelers offers coverage for your belongings, personal liability and additional living expenses if you need to move out of your home during repairs for a covered claim.
Your policy also includes housing improvements coverage, which means if your landlord has let you make alterations or upgrades to your unit, these will be covered in case of theft or disaster, up to 10% of your personal property limit. That means that if your home were destroyed in a fire, for example, your belongings would be covered up to your personal property limit, and you would have the additional 10% to cover any upgraded features. (Higher limits are available for extra cost.)
Optional coverage you can add to your policy includes:
Replacement cost value. This upgrade to your personal property coverage means that if your belongings are stolen or destroyed, Travelers will reimburse enough for you to buy brand-new replacements, rather than paying you only for the current cash value of the items.
Valuable items coverage. Pricey items such as an engagement ring or a musical instrument may not be adequately insured by your normal policy limits, so you can add extra coverage as needed. An appraisal isn’t required.
» MORE: The best cheap renters insurance
Travelers renters insurance discounts
Travelers offers the following ways to pay less for your renters policy:
- Multipolicy discount.
- Claims-free discount.
- Discounts for having protective devices in your home, such as smoke detectors, sprinkler systems, fire alarms or home security systems.
- Discount for having a 24-hour security guard in your building.
- Smart-home technology discount.
Travelers renters insurance complaints
Travelers had fewer than the expected number of home insurance complaints to state regulators relative to its size, according to three years’ worth of data from the National Association of Insurance Commissioners. (NAIC home insurance complaints also cover other home policy types, including mobile home, renters and condo insurance.)
» MORE: Renters insurance quotes: What you need to know
Travelers renters insurance consumer experience
Website: If you prefer to manage your renters policy online, the MyTravelers section of the website makes it easy. There, you can pay your bill, download insurance cards, file and track claims, manage your policy and chat during business hours with a live Travelers representative. Elsewhere on the site, you can get quotes and browse basic information about how renters insurance works.
App: The Travelers mobile app has a variety of handy features, allowing users to pay bills, set up autopay, view policy information and report claims. It’s available for iOS and Android.
Travelers renters insurance FAQ
What disasters are covered by Travelers renters insurance?
A Travelers renters policy will cover your belongings if they’re damaged or destroyed by disasters such as fire, smoke, wind, hail and lightning. Your personal items are also covered for theft. Learn more about renters insurance coverage.
Can my roommate and I share a Travelers renters policy?
Travelers recommends that unrelated roommates each have their own renters insurance, but married couples, committed partners and family members can share a policy. Read more about the pros and cons of sharing renters insurance with roommates.
What other types of insurance does Travelers offer?
Travelers sells numerous policies including car, homeowners, condo, umbrella and boat insurance. See allstocksnews.com’s Travelers auto insurance review.
Renters Insurance Ratings Methodology
allstocksnews.com’s renters insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverage options, discounts, online experience and more. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. allstocksnews.com does not receive compensation for any reviews. Read our editorial guidelines.
Insurer complaints methodology
allstocksnews.com examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2016-2018. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, allstocksnews.com calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. Ratios are determined separately for auto, home (including renters and condo) and life insurance.