Property Insurance Features Most In-Demand Coverages in a Single
Policy
HARTFORD, Conn.--(BUSINESS WIRE)--
In response to today’s evolving business environment, Travelers (NYSE: TRV)
is announcing improvements to the company’s property insurance product
Travelers Deluxesm. Travelers Deluxe offers an integrated
approach to packaging the insurance needs of business customers while
providing a wider range of embedded coverages and built-in flexibility
to lessen the need for add-on extensions or endorsements.
“Travelers understands that businesses are embracing change in order to
grow and compete,” said Gregg Cunningham, Vice President of Property for
Middle Market at Travelers. “Whether they are conducting business
overseas or utilizing green technology, Travelers Deluxe is designed to
meet their changing needs.”
The Travelers Deluxe core policy includes buildings, personal property,
time element (Agreed Value included) and marine coverages. The following
coverage enhancements make Travelers Deluxe a must-have product for
businesses:
-
Extended Business Income Coverage Period – 180 days (double the
industry standard)
-
Green Building Alternatives – incentives for using green products and
materials during repair or replacement
-
Electronic Data Processing Equipment Coverage Embedded in Business
Personal Property Coverage – data and media coverage with the ability
to increase limits
-
Leasehold Interest Undamaged Tenants Improvements and Betterment
Coverage – pays for loss of an insured tenant’s undamaged improvements
or betterments when the landlord cancels the insured’s lease following
a covered loss to other property at the leased premises
-
Personal Property in Transit – coverage for personal property
transported by any mode of transportation within and outside the
coverage territory
-
Dependent Business Income/Extra Expense – coverage for loss caused by
damage at domestic and foreign dependent properties
-
Tailored Property and Business Income Segment – endorsements for
specialized industries such as technology and public sector
“At Travelers, we are ready to support our customers before, during and
after a loss. Backed by the company’s industry expertise and strong,
nationwide network of claim professionals, Travelers Deluxe provides
much needed peace of mind for our customers,” said Cunningham. “We are
excited to offer this new product that will enable us to continue to
strengthen our business relationships.”
For more information on Travelers Deluxe, contact your local Travelers
representative.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV)
is a leading provider of property casualty insurance for auto,
home
and business.
The company's diverse business lines offer its global customers a wide
range of coverage sold primarily through independent agents and brokers.
A component of the Dow Jones Industrial Average, Travelers has more than
30,000 employees and operations in the United States and selected
international markets. The company generated revenues of approximately
$25 billion in 2011. For more information, visit www.travelers.com.
The Travelers Companies, Inc.
Gail Van Cleaf, 651-310-6902
gvanclea@travelers.com
Source: The Travelers Companies, Inc.