Are you aware that your landlord won't cover your personal possessions if they're damaged by a loss in your apartments, such as a fire or water damage? While your landlord's insurance will cover damages to the structure of the building you live in, you need your own renters policy to protect the items you own things like your clothes, furniture, TV, and other items.

Renters insurance is commonly considered an affordable type of coverage costing customers $188 a year on average. One of the many companies that offers renters insurance is Travelers Insurance.

What should you know about Travelers?

Travelers is a highly rated and well-known company that offers many lines of service and standard coverage, especially with renters insurance policies. Their renters coverages include personal property coverage, along with some other basic coverages and additional coverage options.

A basic policy with Travelers renters insurance covers your personal belongings damaged in the perils of fire, lightning, windstorm, hail, explosion, smoke, and vandalism. It also covers theft of your items in your apartment or anywhere in the world. You will get liability coverage and medical payments coverage if there are injuries from an accident that occurred on your property. Additionally, if your home is uninhabitable from a covered loss, you may be covered for additional living expenses.

Your renters policy will also include housing improvements coverage for upgrades to the property in case of theft or disaster (up to 10% of your personal property limit). You need to pay an extra fee if you want higher coverage limits.

If you want to add any optional coverage, here's what your policy details will include:

-Replacement cost value: If your personal belongings are stolen or destroyed and you've suffered devastating costs due to property damage, Travelers will reimburse the money for brand-new replacements. Valuable items coverage: An extra coverage can be added if you want to insure a pricey item such as an engagement ring or a musical instrument against the costs of damage.

What are Clearsurance users saying about the company?

As of December 21, 2020, Travelers renters insurance has earned an average Clearsurance score of 4.22 from those who are familiar with their available renters insurance policies. You can see the most up-to-date rankings on our renters insurance rankings page.

A disaster in your apartment can be difficult to deal with so you want peace of mind that you can rely on your renters insurance coverage to help you recover. Less than 2 percent of Travelers policyholders who've left a review on Clearsurance discussed an issue or problem with their renters insurance. Additionally, only around 2 percent of reviewers discussed a rate increase.

Additionally, consumers are generally happy with the agents handling their Travelers renters insurance policy. An example of a consumer review discussing an experience with Travelers agents said, “We have been using Travelers' for our renters insurance for several years now and couldn't be happier. Any time we have a question, their agents are courteous and helpful, and the premiums are great, too!”

How can Travelers renters insurance help you?

No one expects a loss to happen in their apartment, but the reality is, they can happen to anyone. This sole fact makes having damage protection worthwhile. Renters insurance provides you peace of mind that you can recover financially if you experience a mishap. There are many reviews on Clearsurance in which users shared a time they were happy they had renters insurance. You can get standard coverage and extra coverage options from a variety of companies but many customers are satisfied with the service provided by Travelers.

One consumer shared their experience saying, “One of my biggest concerns as a renter is the possibility of damage to my property and valuables due to the negligence of the landlord or neighbors. This past year, the unit above my own had flooded due to the outdated plumbing my landlord refused to renovate. To my detriment, water had seeped down and damaged various possessions including my $1.5K laptop. Luckily I had renters insurance that covered damages to my belongings. In filing my insurance claim, Travelers was professional and quick in its claim process and replaced my property without a hitch.”

The company offers protection for your valuable items and they are dedicated to providing good service to help make your life easier when you fall victim to any unexpected events. You can call and speak with an agent by phone or online. Their services are sold through independent agents, who can work with you to help get you the right coverage at premiums that you can afford. You can easily go online to get a quote, file a claim, make your payments, and more.

How can you save money on a Travelers renters insurance policy?

There are many discounts available for policyholders. If you bundle a renters policy with your auto policy, you can save 5 percent on your auto premiums. You can save even more if you have an umbrella, boat or personal article floater policy.

Additionally, this company has a loss-free discount for policyholders who haven’t experienced a loss in a specific amount of time. This protective devices discount applies if you have smoke detectors and alarms, an interior sprinkler system, home security systems, or smart or connected home technology that alerts you of a fire or burglary in your home.

A Travelers review discussing price said, “Good pricing and flexible options for renters insurance. I use to have my car insurance with Travellers also, which gave a discount for multiple policies, however, the car insurance became too pricey. Renter policy is easy to understand, pricing is clear.”

Interested in learning more about consumers’ experiences with this company? Visit Travelers’ reviews page on Clearsurance to see more about what the companies’ policyholders are saying. Reading customer reviews are a good way to find more about a company's quality of service. Also, be sure to check out Clearsurance's rankings page for the best renters companies in your area.

The content on this site is offered only as a public service to the web community and does not constitute solicitation or provision of legal advice. This site should not be used as a substitute for obtaining legal advice from an insurance company or an attorney licensed or authorized to practice in your jurisdiction. You should always consult a suitably qualified attorney regarding any specific legal problem or matter. The comments and opinions expressed on this site are of the individual author and may not reflect the opinions of the insurance company or any individual attorney.