Travelers renters insurance offers a solid option for covering an apartment or rental property. It has a variety of discounts and a user-friendly website. Since 1864, the company has been in operation.
Overall performance for Travelers Renters Insurance was 4.5 stars. Our editorial team determines NerdWallet’s ratings. The formula for calculating renters insurance scores takes into consideration policy coverage options and discounts as well as ease of filing claims, website transparency, financial strength, and complaint data from National Association of Insurance Commissioners.
Insurance coverage for renters
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.
Housing improvements coverage is also included in your policy. This means that if you have been allowed by your landlord to make any alterations or improvements to your unit, they will be covered in the event of theft or natural disaster up to 10% of your personal item limit. This means that your possessions would be covered up until your personal property limit. You would also have the extra 10% for any upgrades. For an additional cost, higher limits may be available.
You can add optional coverage to your policy.
Replacement cost value.Travelers now offers personal property coverage, which means that if your belongings were stolen or damaged, they will reimburse you enough to purchase brand-new replacements. Instead of paying for the cash value, you will only be charged for actual cash value.
Coverage for valuable items.You may not have enough coverage for expensive items like an engagement ring, or a musical instrument. If this happens, you can increase your policy limits to cover these items. A valuation is not required.
Travelers renters insurance discounts
The following are ways that Travelers can help you pay less for your renters insurance:
- Multipolicy discount
- Claims-free discount.
- You can get discounts for installing protective devices in your home such as fire alarms, sprinkler systems or home security systems.
- You will receive a discount for having a 24-hour security officer in your building.
- Smart-home technology discount.
Insurance complaints from renters
According to data from the National Association of Insurance Commissioners, travelers had almost the same number of home insurance claims to state regulators as the size of the country. This is based on three years of data. (NAIC home insurance complaints also include mobile homes, condo, and renter policies.
Experience of a consumer in travelers renters insurance
Website:The MyTravelers section on the website allows you to manage your renters policy online. You can also pay your bill, download your insurance cards, track your claims, manage your policy, and chat with a Live Travelers representative during business hours. You can also get quotes and learn more about renters insurance.
AppendicesTravelers’ mobile app offers a number of useful features. Users can view policy information, pay bills, and make claims. Available for iOS and Android.
FAQ for renters and travelers insurance
What are the disasters covered by Travelers renters policy?
Your belongings will be covered by a Travelers renters policy if they are damaged or destroyed due to fire, smoke, hail, lightning, wind, hail, and other natural disasters. Theft is also covered. Learn more about renters insurance coverage.
My roommate and me can we share a Renters policy from Travelers?
Travelers suggests that roommates should have separate renters insurance. However, married couples, partners, and family members may be able to share a policy. Read more about the pros and cons of sharing renters insurance with roommates.
What are the other types of insurance that Travelers offers?
Travelers offers a variety of policies, including homeowners, condo, umbrella, and boat insurance. See NerdWallet’s Travelers auto insurance review.
Methodology for Renters Insurance Ratings
NerdWallet’s renters rating system rewards companies that provide customer-first features or practices. Ratings are calculated based on a weighted average of scores across several categories including financial strength, consumer complaints and coverage options. These ratings are only a guide. We encourage you to compare multiple insurance quotes to get the best rate. NerdWallet is not compensated for reviews.
