Packages currently available online in New York and typically cost
between $8 and $32 per month with no deductible
HARTFORD, Conn.--(BUSINESS WIRE)--
The Travelers Companies, Inc. (NYSE: TRV)
today announced the launch of TraverseSM,
a first-of-its-kind personal insurance product designed for consumers
who may not need a traditional home or auto policy. Traverse can serve
as an alternative to renters insurance by including personal liability
coverage that meets most landlord requirements. It also offers identity
theft coverage and protects things like mobile phones, laptops, musical
instruments, jewelry and even some vacation experiences.
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“We asked millennials about the types of insurance that would meet their
needs, and we built a completely new insurance product,” said Beth
Maerz, Vice President of Customer Experience and Innovation for Personal
Insurance at Travelers. “Traverse is easy to buy online, it moves with
you and it is customizable so you can purchase the coverage that fits
your lifestyle.”
Traverse is a completely digital offering available at better.withtraverse.com.
Customers can buy policies, make policy changes and submit claims — all
online. The package is currently available in New York and typically
costs between $8 and $32 per month with no deductible.
There are three options to choose from, all of which include personal
liability and identity theft protection:
- The “I love my stuff” option: This coverage protects the
personal belongings of your choice, including mobile phones, musical
instruments, jewelry and watches, personal electronics, cameras,
sporting equipment and handbags.
- The “I love my experiences” option: This vacation continuation
coverage provides reimbursement if you incur added costs due to
transportation delays, flight cancelations or unsatisfactory
home-sharing accommodations.
- The “I love it all” option: This package includes both the
“stuff” and the “experiences” options.
For more information, visit better.withtraverse.com.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV)
is a leading provider of property casualty insurance for auto,
home
and business.
A component of the Dow Jones Industrial Average, Travelers has
approximately 30,000 employees and generated revenues of approximately
$29 billion in 2017. For more information, visit www.travelers.com.
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The Travelers Companies, Inc.
Sperry Mylott, 860-277-5075
smylott@travelers.com
Source: The Travelers Companies, Inc.