Travelers Homeowners Insurance Review
Travelers homeowners insurance has been protecting American homes for more than 160 years, making it one of the longest-operating homeowners insurers in the United States. The company offers comprehensive home insurance with distinctive features including the Decreasing Deductible program, Green Home Coverage, and water backup protection. With one of the strongest financial positions in the industry (A++ rating from A.M. Best), Travelers is a trusted choice for homeowners who value financial security alongside comprehensive coverage.
This guide reviews Travelers homeowners insurance in detail including coverage options, pricing, claims experience, available discounts, and how the company compares to other major homeowners insurers.
Travelers Homeowners Insurance Overview
Travelers offers comprehensive homeowners insurance through independent agents and direct channels. The company writes coverage in nearly every state and serves homes ranging from modest properties to high-value luxury homes through its main brand and Premier Insurance for higher-value properties.
Travelers’ homeowners insurance is well-regarded for its comprehensive coverage features, the Decreasing Deductible feature, and integration with auto insurance for bundling. The company’s strong financial position provides confidence that claims will be paid even in major catastrophes.
Coverage Options Available
HO-3 Special Form Policy
Travelers’ standard homeowners policy is the HO-3, which provides open-perils coverage for the dwelling structure and named-perils coverage for personal property.
HO-5 Comprehensive Form
Travelers offers HO-5 coverage providing open-perils coverage for both the dwelling and personal property. This is often appropriate for higher-value homes.
HO-6 Condominium Insurance
Condo-specific coverage that addresses the split between unit owner responsibility and condo association master policy coverage.
HO-4 Renters Insurance
Renters insurance for tenants, providing personal property and liability coverage.
HO-8 Older Home Coverage
Designed for older homes where replacement cost would significantly exceed market value.
Standard Coverage Components
Dwelling Coverage
Travelers dwelling coverage protects the physical structure of your home. Replacement cost coverage is standard with options for extended replacement cost coverage.
Personal Property Coverage
Travelers personal property coverage typically defaults to a percentage of dwelling coverage. Replacement cost coverage on personal property is available.
Other Structures
Coverage for detached garages, sheds, fences, and similar structures, typically set at 10% of dwelling coverage.
Loss of Use
Coverage for temporary living expenses if your home becomes uninhabitable, typically set at 20% to 30% of dwelling coverage.
Personal Liability
Coverage against lawsuits arising from incidents at your home. Standard limits start at $100,000, with higher limits up to $1 million available.
Medical Payments
Small no-fault coverage for guest injuries, typically $1,000 to $5,000 per person.
Travelers Unique Features
Decreasing Deductible
Optional feature that reduces your homeowners deductible by $100 each claim-free year up to $1,000 maximum.
Green Home Coverage
Optional coverage that pays additional amounts to rebuild damaged portions of your home with environmentally-friendly materials. The feature appeals to homeowners interested in sustainable building.
Water Backup Coverage
Optional coverage for damage from sewer or drain backups, which is excluded from standard homeowners coverage.
Identity Theft Protection
Travelers offers identity theft protection coverage including monitoring services and reimbursement for identity restoration costs.
Equipment Breakdown Coverage
Optional coverage for damage to home systems and appliances from electrical or mechanical breakdown.
Personal Articles Floater
Specialty coverage for high-value items including jewelry, fine art, collectibles, and other valuables that exceed standard policy limits.
Service Line Coverage
Optional coverage for damage to underground utility lines that connect to your home.
Travelers Homeowners Insurance Cost
Travelers homeowners insurance averages $1,500 to $2,200 per year nationally, competitive with major insurers.
| Dwelling Coverage | Travelers Average Annual Premium | National Average |
|---|---|---|
| $200,000 | $1,000 to $1,400 | $1,000 to $1,500 |
| $300,000 | $1,350 to $1,950 | $1,300 to $2,000 |
| $400,000 | $1,750 to $2,500 | $1,700 to $2,700 |
| $500,000 | $2,100 to $3,200 | $2,100 to $3,400 |
| $750,000+ | $2,800 to $4,800+ | $3,200 to $5,000+ |
Available Discounts
Multi-Line Discount
Bundling homeowners with Travelers auto insurance produces meaningful savings on both policies.
Claim-Free Discount
Customers without recent claims receive premium reductions.
New Home Discount
Newly constructed homes typically qualify for substantial discounts.
Newly Purchased Home Discount
Recently-purchased homes often qualify for premium discounts.
Protective Device Discount
Homes with smoke alarms, fire extinguishers, security systems, and similar safety features qualify for premium discounts.
Home Security System Discount
Homes with monitored security systems qualify for additional discounts.
Hail Resistant Roof Discount
Homes with impact-resistant roofing materials in hail-prone areas qualify for substantial discounts.
Higher Deductible Discount
Choosing a higher deductible reduces your premium.
Loss-Free Discount
Long-term claim-free customers receive accumulating discounts.
Affinity Discount
Members of certain organizations or employer groups may qualify for affinity-based discounts.
Claims Experience
Travelers scores around industry average in homeowners claims satisfaction.
24/7 Claims Filing
Claims can be filed any time through the mobile app, website, phone at 1-800-252-4633, or your independent agent.
Approved Repair Network
Travelers has partnerships with pre-vetted contractors for streamlined repair processing.
Direct Pay Options
For larger claims, Travelers can pay contractors directly, simplifying the repair process.
Pros and Cons of Travelers Homeowners Insurance
Pros
- Strongest financial position (A++ from A.M. Best)
- Long history of operation (founded 1864)
- Decreasing Deductible feature with up to $1,000 reduction
- Green Home Coverage for sustainable rebuilding
- Comprehensive coverage options and endorsements
- Independent agent access provides choice
- Strong handling of complex claims situations
- Personal liability coverage up to $1 million available
- Replacement cost coverage available
Cons
- Smaller bundling discounts than some competitors
- Independent agent service quality varies by agent
- Some specific coverage areas have limited availability
- Decreasing Deductible costs additional premium (not included)
How Travelers Compares to Other Major Insurers
| Insurer | Average Annual Premium ($300K Coverage) | Strengths |
|---|---|---|
| State Farm | $1,500 | Bundling, local agents |
| USAA (military families) | $1,300 | Military focus, ratings |
| Travelers | $1,650 | Coverage breadth, Decreasing Deductible |
| Nationwide | $1,600 | Brand New Belongings |
| Farmers | $1,700 | Tiered coverage |
| Allstate | $1,750 | Unique features |
| Liberty Mutual | $1,800 | Customization options |
Who Should Choose Travelers Homeowners Insurance?
- Households bundling with Travelers auto insurance
- Customers wanting Decreasing Deductible feature
- Homeowners interested in Green Home Coverage
- People who value the strongest financial security rating
- Customers preferring independent agent choice
- Business owners consolidating personal and commercial insurance
Who Should Look Elsewhere?
- Customers seeking absolutely lowest standalone homeowners pricing
- Military families who qualify for USAA
- Households wanting integrated banking services
- Customers needing maximum bundling discounts
How to Get the Best Travelers Homeowners Quote
Bundle Auto and Home
Combining auto and home with Travelers produces bundling discounts and simplifies management.
Add Decreasing Deductible
This optional coverage provides accumulating value over time for claim-free homeowners.
Consider Green Home Coverage
For homeowners interested in sustainable rebuilding, this coverage adds meaningful value.
Set Appropriate Deductibles
Higher deductibles reduce premiums. The right deductible reflects your ability to absorb out-of-pocket costs.
Apply All Available Discounts
Ask Travelers specifically about every available discount.
Compare Against Other Carriers
Even if you stay with Travelers, comparing rates ensures competitive pricing. The team at Matrix Insurance can help compare Travelers against other top carriers.
Our broader guide on what is homeowners insurance provides additional context for evaluating any homeowners policy.
Frequently Asked Questions
Is Travelers good for homeowners insurance?
Yes. Travelers offers comprehensive coverage with strong financial backing, unique features like Decreasing Deductible and Green Home Coverage, and competitive pricing. The company has been writing homeowners insurance for more than 160 years.
Does Travelers offer flood insurance?
Yes. Travelers sells flood insurance through the National Flood Insurance Program (NFIP) and some private flood insurance options depending on your location.
How much does Travelers homeowners insurance cost per month?
Monthly costs typically range from $80 to $275 for most homeowners depending on home value, location, and coverage levels.
Does Travelers cover roof replacement?
Travelers covers roof replacement when damage results from covered perils. The age and condition of your roof affect coverage.
Can I cancel Travelers homeowners insurance?
Yes. Contact Travelers customer service or your agent to cancel. You typically receive a refund for unearned premium.
Does Travelers offer earthquake insurance?
Yes. Travelers offers earthquake coverage as an endorsement in earthquake-prone states.
What is Travelers’ homeowners insurance phone number?
For general customer service: 1-800-842-5075. For claims: 1-800-252-4633, available 24/7.
The Bottom Line
Travelers offers solid homeowners insurance with distinctive features including Decreasing Deductible (up to $1,000), Green Home Coverage, and comprehensive coverage options. The strongest financial position in the industry (A++ rating) provides confidence in claim payment ability.
For most homeowners, Travelers is worth serious consideration. The combination of competitive pricing, unique features, and exceptional financial security makes it a strong choice. The smaller bundling discounts and reliance on independent agents are the main considerations.
The team at Matrix Insurance can help you compare Travelers homeowners insurance against other top carriers to find the best combination of coverage, service, and price for your home. Use our Home Insurance Calculator for a starting estimate, or reach out to our team directly for a personalized quote comparison.
Post Comment
You must be logged in to post a comment.