Travelers Renters review

Travelers offers a conventional renters policy with a few useful details for long-term tenants. Personal property is covered at home and away against perils such as fire, lightning, windstorm, hail, explosion, smoke and vandalism, and personal liability pays legal costs and damages if you are sued. If you paid for alterations to your unit, you can apply up to 10% of your personal property limit to repair or replace them after a covered loss, with higher amounts available. You choose between replacement cost, which pays for comparable new items, and actual cash value, which deducts depreciation; Travelers notes replacement cost raises the premium. Discounts cover multi-policy bundles, a loss-free history and protective devices, including sprinklers, theft alarms and smart home technology that alerts you to fire or break-ins. Travelers publishes no renters price, and in some states, including California, products must be bought through a local independent agent. We compared documented features and published prices.

Who it is for

Renters who want replacement cost cover and discounts for alarms, sprinklers and a claim-free history.

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Personal property cover at home and away for fire, lightning, windstorm, hail, explosion, smoke and vandalism
• Personal liability cover for legal costs and damages
• Up to 10% of personal property cover for improvements you made to the rental
• Choice of replacement cost or actual cash value
• Multi-policy, loss-free and protective device discounts

Strengths and weaknesses

• Strength: Covers improvements you paid for in the rental, up to 10% of property cover
• Strength: Discounts for sprinklers, alarms and smart home devices
• Strength: Higher improvement limits available
• Weakness: No published starting price
• Weakness: In some states, including California, you must buy through an independent agent
• Weakness: Replacement cost costs more than actual cash value

Key facts

• Improvements cover: Up to 10% of personal property limit
• Payout options: Replacement cost or actual cash value
• Discounts: Multi-policy, loss-free, protective devices
• Buying channels: Online, phone, independent agents
• Smart home discount: Yes, for connected alert devices

Where it ranks

Travelers Renters is No. 9 in our Best Renters Insurance verdict.