With the way that the world is today, what are you looking for in an insurance company to help you in your time of need? Are you looking for one that has been around? One that has stood the test of time through hardships and purchasing other companies to form new companies? What about one that offers many different types of insurance? Or even when other companies have only offered one or just a few types of insurance? Then Travelers Insurance Company is the one for you. They began over 150 years ago when two of America’s oldest leaders in the insurance world came together to form Travelers. These well-respected men created one of the nation’s biggest and most regarded property casualty insurance companies that has adjusted to the ever-changing world and times we live in to continue to meet customers changing needs.
Travelers Insurance Company began as St. Paul Fire and Marine Insurance Company in 1853 when Alexander Wilkin and 16 other St. Paul businessmen saw the need for an insurance company due to fire threats. However, it wasn’t until 1864 that Travelers Insurance Company finally came into existence to insure people against injury or loss of life as they traveled by railroad or steamboat.
Based out of Minnesota with its central agencies in New York City, St. Paul, Minnesota, and Hartford, Connecticut, Travelers Insurance Company are the 2nd most prominent commercial property casualty insurance writer and 3rd biggest of United States personal insurance through agents. Travelers Insurance Company has offices in every state in the U.S., with locations also in the United Kingdom, Ireland, Singapore, China, London, Canada, and Brazil. It has more than 30,000 employees, 13,000 agents, and brokers, with revenues of over $25.7 billion and assets of over $104.9 billion.
Travelers Insurance Company has five main areas of insurance:
- Personal Insurance
- Business Insurance
- Financial
- Professional
- International Insurance
They are broken down into categories under these three main areas. The first is Auto Insurance, which can cover: bodily injury and property damage, uninsured or underinsured people, medical bills, fire and theft events, or collisions. You can also add other insurances such as towing, gap insurance, rental, and many others, and discounts are available based on safety features and the type of vehicle. The second is Renters Insurance, which can cover personal item damage such as clothes, appliances, furniture, and more, whether at home or elsewhere. It can also substitute another person should they get hurt or their items get damaged or destroyed while on your rented property. You can also get discounts based on the safety and security features that you can have installed. The third one is Condominium Insurance. It can also cover personal property and the condo’s liability, such as individual items at the apartment or elsewhere. It also covers if someone gets hurt or their property is damaged while there. The fourth one is Flood Insurance, which can protect the home itself, a furnace or water heater, clothing, appliances, furniture, or rugs. Also can cover costs to remove trash and clean up after a flood and expenses to protect your home in the event a flood is likely, such as sandbags and other items. The fifth one is Boat or Yacht Insurance. It can cover damage that has happened from coming in contact with something, including another boat or injury to people involved or any other property involved, personal items on the vessel that are damaged, boat needing towed or running out of gas and requiring some brought to it or if the boat is stranded somewhere. There are also savings/discounts depending on safety features, education courses, type of boat insured, or how many Travelers Insurance Company Policies the person has.
The sixth one is Umbrella Insurance. It is named after the red umbrella logo, representing that Travelers Insurance Company is there to shield and protect its customers. This type of insurance can provide extra coverage to help protect your future, such as retirement, or additional costs of assets such as home, auto, boat, or income. It also helps in cases of lawsuits with lawyers’ fees, court costs, slander or privacy issues, and misrepresentation of words or actions. The seventh one is Wedding Protection Insurance, which may cover unexpected problems with cancellations, photos, gifts, jewelry, deposits, or other expenses during your important day. The eighth one is Identity Fraud Protection, which can help if your identity gets stolen by someone getting your personal information. Identity fraud proliferating can ruin what you have worked so hard to establish. Travelers Insurance can help you restore what has been taken and get you back to where you were quick.
Travelers Insurance Company also offers many other insurance plans, such as An Affinity Auto and Home Program that provides savings for its members or staff of participating agencies that gives you a reduction on your car and home insurance if you have them both through Travelers Insurance Company. Their Valuable Items Coverage helps protect your most treasured and expensive possessions and has two different coverage types available to meet your needs. These are Personal Articles Floaters whose valuable items are appraised, insured that go beyond what a standard homeowners policy would insure, and have separate protection with no deductible. Their Valuable Items Plus is coverage you can add to your homeowners’ policy for higher limits on expensive items, giving you more security and no deductible. These policies insure against many issues and need to be checked into to be sure which is the right one for you if this is your situation.
Travelers Insurance Company also has policies for:
- small and large businesses,
- customized commercial insurance for your particular industry
- International Business Insurance
Travelers Insurance Company works hard to keep up with the changing customer needs. Furthermore, it provides the best products and services based on the information they collect and studies. They are dedicated to protecting their customers. Additionally, their possessions if something happens as the company looks to the future and continues to grow.
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