New property insurance product available for homeowners, tenants, condominium and landlord policies in Ontario and Western Canada
TORONTO--(BUSINESS WIRE)--Travelers Canada, a division of The Travelers Companies, Inc. (NYSE: TRV), today announced the launch of OPTIMA Home, a new property insurance product that provides customizable coverage options for homeowners, tenants, condominium and landlord policies. The product is offered through a highly intuitive platform, which allows brokers to seamlessly quote, issue and adjust coverage.
"We created OPTIMA Home with the needs of our customers and brokers in mind," said Bob Aaron, Vice President of Personal Insurance at Travelers Canada. "The new product gives customers greater coverage flexibility and easy-to-understand policies to provide a better all-around experience, while offering an underlying platform to simplify the process for our broker partners."
OPTIMA Home's features include:
- Scalability – The ability to scale standard coverage limits up or down to meet individual needs.
- Specialty and Supplemental Coverages – Access to additional packages or add-on coverage for potential risks such as debris removal, earthquake and floodwater.
- New Discounts – Cost reductions that can be added for customers who pay their premiums on time, get an early quote or use green home and water protective devices.
- Simplified Documents – Straightforward documents and eligibility guidelines to help customers better understand their coverages.
All Travelers policies provide best-in-class customer service and support from the company's in-house Claim team. OPTIMA Home is currently available in Ontario and Western Canada, and will soon be available in Atlantic Canada.
For more information about OPTIMA Home, please visit TravelersCanada.ca.
About Travelers Canada
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 more than 30,000 employees and generated revenues of approximately $41 billion in 2023. Travelers Insurance Company of Canada, The Dominion of Canada General Insurance Company, and St. Paul Fire and Marine Insurance Company (Canada branch) are the Canadian licensed insurers known as Travelers Canada. For more information, visit TravelersCanada.ca.
Contacts
Media:
Sara Ametrano, 416-457-7973
sametran@travelers.com
Stephen Bernard, 860-954-5086
sbernar5@travelers.com
