The Travelers Companies, Inc. has released an enhanced homeowners insurance product with tailored pricing and flexible coverage options called Quantum Home 2.0 (QH2.0). The new product includes “simpler” policy documents designed to help customers better understand their insurance. The new QH2.0 products is available through an updated platform that allows agents to quote and bind coverage.
Michael Klein, executive vice president and president, Personal Insurance, and Head of Enterprise Business Intelligence & Analytics at Travelers, said the carrier partnered with its agents to develop QH2.0. He added the new product is a completely redesigned and provides for agents greater customization, fewer steps to complete a quote and simplified customer communications.
Travelers’ new home insurance product includes features such as:
- Decreasing Deductible and loss forgiveness options.
- New discounts for customers who pay on time and for those with smart-home protective technology, including fire, burglar and water alarms.
- An enhanced water package that can cover sewer backups and hidden water damage.
- Equipment breakdown coverage for appliances and water heaters, etc.
QH2.0 is available in Colorado, Oregon and Wisconsin, with additional states rolling out the product in mid-2018.
The Travelers Companies, Inc. is a provider of property casualty insurance for auto, home and business.