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.
“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.
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.