Travelers Launches Traverse — Flexible Insurance to Protect You, Your Stuff and Your Experiences
March 21 2018 - 9:51AM
Business Wire
Packages currently available online in New York
and typically cost between $8 and $32 per month with no
deductible
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 TravelersThe 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,
860-277-5075smylott@travelers.com
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