Through the program, you may have access to exclusive savings on home insurance. These savings are not available to the general public and could save you hundreds of dollars on home insurance.

Homeowners insurance can protect you from the unexpected. If your home is damaged, your belongings are stolen or someone gets injured on your property, it can help cover repairs or replacement, temporary housing, medical bills, legal fees and more.

A homeowners policy is recommended for anyone who owns a home or condo, and may even be required by your mortgage lender. In certain areas, you may need separate policies or coverage to help protect your home and personal belongings against damage due to  floods, earthquakes, windstorms or hail.

Most policies have 3 key elements: the premium which is how much you pay for coverage, deductibles which are how much you’re responsible for out-of-pocket in the event of a covered Claim, and limits which are the most your insurer will pay for a covered claim. Home insurance is coverage you hope to never have to use, but if the unexpected happens, it can help you restore your life back to normal.

An insurance representative can help you determine the homeowners coverage that best fits your needs and budget, but a typical policy can cover:

1. The structure of your home
2. Other structures on your property (e.g. garage, shed)
3. Your personal belongings
4. Additional living expenses if you cannot live in your home due to a covered loss or repairs
5. Your personal liability or legal fees
6. Valuable items (extra coverage can usually be added)

When figuring out how to choose home insurance, consider these key questions:

1. What is the estimated cost to replace, rebuild or repair your home—the “replacement cost”?
2. What other structures are on your property (e.g. garage, shed, fences)?
3. How much of a deductible can you afford to pay out-of-pocket if you have a loss?
4. What are your valuables and what are they worth?
5. Do you have frequent visitors to your home?
6. Do you work out of your home?
7. Do you rent any part of your home or property?
8. Do you qualify for any discounts?
9. What are the basic coverages required by your mortgage lender?

Our licensed insurance representatives are happy to walk you through all of this step by step, and can help you review your needs on an annual basis.

Choosing a homeowners insurance policy starts with choosing the right insurance company.
Travelers has been one of the nation’s leading and largest property casualty companies for over 160 years. We offer a variety of policy options and packages to help you get the coverage that meets your unique needs. We can provide you with information to help protect the place you call home.
We also give you peace of mind with a claims process that is simple and stress free.

Not usually. Homeowners insurance is not generally designed to cover business use of your home. It may include limited protections, such as replacement or repair of computers and other electronic devices, but for more comprehensive coverage, you may require a business owner’s policy.

If you are an employee or member of one of our participating employer, credit union or association groups, you could be eligible for special program discounts. Plus, Travelers offers discounts for multiple policies, security systems or fire protective devices, certain smart home technologies, “green” home certification, loss-free history, and more. Discounts vary by state and eligibility. Your representative can help apply the discounts for which you qualify.

The cost of your insurance, or premium, partly depends on the coverages, deductibles and policy limits you choose. Here are a few tips that may help lower your premium:

1. Talk to your insurance representative about your insurance needs and eligibility for discounts
2. Invest in smoke detectors, interior sprinkler systems, home security and smart home technologies
3. Bundle or purchase multiple policies with Travelers, such as car, boat and umbrella insurance

The “cost to rebuild,” or “replacement cost,” is the estimated amount of money it would take to rebuild or repair your home at the time of a covered loss.

Labor, material and equipment costs specific to your area can all impact the estimated replacement cost. Your insurance representative can help you calculate what this would be for your current or prospective home.

Dwelling coverage (Coverage A) pays to repair or rebuild your home if it is damaged by a covered loss. The amount of dwelling coverage you need is determined not by the market value of your home, but the estimated cost to rebuild it. If you have a mortgage, your lender may even require certain dwelling coverage options, limits and deductibles.

Other structures coverage (Coverage B) covers the structures on your property that are not attached to your home, such as garages, sheds and fences. An insurance representative can help you determine what it would cost to repair or rebuild these structures when choosing your deductibles and policy limits.

Personal property coverage (Coverage C) is required on all homeowners policies. It pays to repair or replace personal items in your home like furniture, clothing or electronics that may be damaged by a covered loss.

Other assets like cash, collectibles, jewelry, furs and silverware may have limited coverage, but additional coverage may be available with a valuable items endorsement or a separate policy. Think about what it would cost to repair or replace your personal belongings and valuable items, and if additional coverage would make sense for you.

Loss of use coverage (Coverage D) helps you pay for temporary housing and living expenses if you and your family have to move out of your home during covered repairs.

Possibly. Updates to your home like adding a room, renovating a kitchen or installing a pool may affect the amount of coverage you need.

Check in with an insurance representative when you’re doing a big project, make a big purchase, or on an annual basis, to help ensure your policy remains adequate and up to date.

Most homeowners policies include liability insurance which can  provide coverage for bodily injury and property damage of others for which you or your family member are legally responsible including legal defense costs. It also includes medical payments to guests who are accidentally injured on your property. It does not cover personal injury claims for you or any family members that live with you.

Damage or theft of personal belongings can be covered under personal property coverage of a homeowners policy. This coverage helps protect items like electronics, sporting equipment and furniture up to your policy limits. It also covers your personal items when they are outside of your home, like if your computer got stolen from your car or hotel room.