Travelers Insurance in Sept of 2018 reported $7.72B in revenue, which pales in comparison to Amazon's $52.89B last quarter.
Still, these two companies are giants when you consider the competition.
Amazon is the most valuable retailer in the US and the second most valuable public company in the world behind only Apple.
Travelers, also known as the travelers companies is the second largest writers of Commercial property casualty insurance and third largest persona insurance writer in the U.S.
So it only makes sense that these two giant's would team up to bring us the first ever digital storefront in the insurance industry at Amazon.com/Travelers...
And they've decided to incentivize those who participate in the history they are making.
For new or existing Travelers Home Insurance customers who are eligible, Travelers will provide a free Amazon Echo Dot.
This is in effort to promote Smart Home Kits that are available through Amazon, though purchase of a kit is not needed to get the free Amazon Echo Dot.
However, if you choose to get a Smart Home Kit you could also receive discounted rates through your Travelers Home Insurance Policy.
These Smart Home Kits are designed to protect homeowners from the most common causes of loss so your home is safer just by having one.
These smart home kits include:
You can pre-order the kits on the storefront and they will be released on Thursday.
If you are in the areas that are serviced by Ferguson Insurance Center, then unfortunately, you are not eligible for this offer just yet, though more states will be added to the giveaway soon.
Until then, be sure to get a Homeowners Insurance quote so that you can see how Travelers home insurance rates stack up against our other insurance carriers. (We have 30+ to choose from...)
Building A Smart Home: Cyber Security Concerns With Smart Home Kits
In recent years, cyber attacks have become a more common occurrence that it used to be. How will building a smart home affect the level of security you have?
Michael Klein, the executive vice president and president of personal insurance at Travelers said this...
"We suggest that customers read manufacturer's recommendations when using smart home devices to understand best practices for safely using these devices"
It also advised that you know how to handle a cyber attack and have a system for lowering the risks you face by resetting passwords regularly and keeping your eyes peeled for unauthorized transactions or suspicious activity on your accounts.