Travelers Offers Wildfire Defense Services Endorsement to California Customers
13 Juin 2019 - 3:13PM
Business Wire
The Travelers Companies, Inc. (NYSE: TRV) today announced it is
including a Wildfire Defense Services endorsement in all California
home and landlord policies. The endorsement, included at no
additional cost to the policyholder, helps provide an added layer
of wildfire protection for customers. Travelers is working with
Wildfire Defense Systems (WDS), a private firm that specializes in
wildfire mitigation, to help provide loss prevention services, such
as reducing potential fuel sources, taping vents and applying fire
retardants.
“With its industry-leading services and deep experience in
wildfire management, Wildfire Defense Systems can help us reach and
protect more California homes in the event of an emergency,” said
Michael Klein, Executive Vice President and President of Personal
Insurance at Travelers. “This endorsement adds a significant amount
of value to our home insurance products and provides extra peace of
mind to our customers.”
The Insurance Institute for Business & Home Safety points
out that wildfires can quickly spread when wind-blown burning
embers land on combustible parts of a building, fall near
combustible vegetation or enter into homes through vents. Deck and
patio furniture, gutters, awnings, wood piles and areas where pine
needles or leaves accumulate are also some of the places where
embers can ignite a home or another building on a property.
To help mitigate these threats, WDS uses proprietary forecasting
and threat analysis to identify Travelers customers who could be
impacted by a wildfire and then utilizes other resources to take
preventive measures, if possible. WDS’ services supplement those of
local emergency personnel who are deployed before, during and after
active wildfires. In an emergency, WDS works to provide services to
as many homes as possible based on a variety of factors, including
resources, weather conditions, the fire’s proximity and the
company’s safety guidelines.
The Wildfire Defense Services endorsement is subject to policy
terms and does not apply to customers that have fire coverage
through the California FAIR Plan or a Difference in Conditions
endorsement with Travelers.
For more information about the endorsement, visit
travelers.com/WildfireDefense.
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 $30 billion in 2018. For more information, visit
www.travelers.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190613005400/en/
Sperry Mylott, 860.277.5075smylott@travelers.com
The Travelers Companies (NYSE:TRV)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
The Travelers Companies (NYSE:TRV)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024