High Value Homes
What Defines High Value?
A high value home starting on the low side
has a minimum
rebuilding cost of $500,000
and on the high side of $25,000,000...
Typically - 2000 sq ft to 20,000+ sq ft
Rebuilding Costs:
"This is
the cost to build the actual structure . You will have demolition
costs, material, labor, permits, architectural fees,
code upgrades, etc."
- Primary Residence
- Secondary Residence
- Vacation Residence
- Course of Construction
- Vacant Homes
Chubbs Deluxe Masterpiece
Home coverage is designed expressly for distinctive or
custom homes. You will find many offers for coverage at
reduced costs, you will not find a broader policy or superior claims
service. Chubbs policy
features are not found
in other policies.
- A complimentary home appraisal.
In many cases, a professional appraiser will visit your home to note
any special architectural details and construction materials and
interior features, creating a valuable record. Your appraiser also can
provide security and fire prevention advice, and suggest ways to
protect your valuables. No fees are involved. (provided once insured)
-
Actual rebuilding costs.*
Choose our extended replacement cost option,(200%) and
after a covered loss, This policy will pay to have your home rebuilt,
even if the cost is greater than the amount of your coverage. Most
policies will pay only up to the policy amount, whether it covers your
rebuilding costs or not. This option is available in most states.
-
Rebuilding to code.*
If you rebuild, you may be required to follow current, more stringent
building codes for things like electrical wiring or plumbing. This
could result in significant expenses. After a covered loss, This
policy will pay these additional costs if you rebuild on the same
location.
-
Optional cash settlement.
To rebuild or not to rebuild-the decision is yours. If you decide not
to rebuild after a total covered loss, you can opt for a cash payment
up to the policy limit. It's your home, your policy, your choice.
-
Additional living expenses.
After a covered loss, This policy will cover the increase in your
temporary living expenses while your home is being rebuilt. This
feature will help you maintain your normal standard of living until
your home is ready.
-
Full replacement costs for contents.
Choose full replacement cost coverage for your belongings, and your
home contents, from sporting equipment to antique furniture, are
covered for the cost to replace them. There are no deductions and no
depreciation.
-
Earthquake Coverage: Basic &
Replacement Cost
-
Excess Liability
Limits up to $50,000,000
-
Excess Liability Coverage. to
cover:
-
Personal injury coverage.
-
Limited to not-for-profit
directors and officers coverage.
-
Uninsured/Underinsured
motorist protection option.
-
Worldwide automobile
rental.
-
Defense cost coverage.
-
Auto Liability
-
HomeScan:
is a consultative
service that uses cutting-edge, infrared camera technology to help
identify moisture problems and potential fire hazards in your home.
With this technology, Chubb helps protect the personal safety of you
and your household members, which is our highest priority. Masterpiece
HomeScan can also help reduce the chance of potentially devastating
losses to your home and personal possessions.
This service is
available to you as a Chubb homeowner policyholder, at no extra charge.
Taking steps to better protect a home may
significantly lower the cost of a homeowners insurance policy. In many
states we offer premium credits for security, fire and burglar alarm
systems, and other protective measures. Listed below are credits that,
depending on your state, may be offered with Masterpiece® home,
condominium, cooperative and rental coverage's. For more information,
or assistance determining which discounts you may be eligible for,
please contact John Taylor.
Portfolio Discounts:
- Home with Auto - Insure your primary
home and autos with Chubb and receive a credit on your homeowner
insurance premium, where applicable.
- Home with Valuable Articles -
Homeowner customers who purchase valuable articles coverage from
Chubb can obtain a credit on their homeowners insurance premium.
Home and Contents Policy Discounts:
- Central burglar alarm* required
- Fire alarm
- New house
- Renovated house
- Gated community patrol service
- Residential sprinkler system
- Fire resistive
- Masonry construction
* California Properties Only.
Chubb has certain underwriting
requirements that some homes may not meet, we have other carriers that
we can offer.
- Fireman's Fund
- Travelers
- The Hartford Group
Fire
protection class will affect rates.
**This information is advisory in nature.
No liability is assumed by reason of the
information in this document.
see actual policies for conditions, restrictions of coverage's.
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Info needed for
Quotation or coverage,
email or call .We will pre-underwrite
your home,
-
Invoice you or title company on purchase
-
Refinance or upon your existing renewal
Your home may be in Pebble
Beach,
a second home in Palm Springs or
Lake
Tahoe.....We handle
everything.
Call
me for an appointment ,even on weekends. You will never be
disappointed you changed your coverage to Chubb!
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 The
Broadest Jewelry Coverage*
Valuable Articles Coverage
Helps you protect your
financial investment in jewelry, collectibles,
china, crystal, silver,
artworks, furs, antiques and virtually any type of valuable.
- Itemized coverage.
This option allows you to determine the insured value of each of your
possessions. In the event of a total covered loss of an item, you will
receive 100% of the insured value. There is no deductible, no
depreciation, no surprises.
- 150% replacement cost.
If the market value (before the loss) of an item lost or damaged in a
covered loss is greater than the itemized amount listed on the policy,
we will pay the market value up to 150% of the itemized coverage
amount for the item.*
- Breakage protection.
- Coverage for "mysterious disappearance."
Many homeowners policies don't cover valuable items that are lost or
misplaced, especially when they disappear away from the home.
- Worldwide coverage.
- Coverage for pairs and sets.
If a piece of an itemized pair or set (like earrings or a set of
silver) is lost or damaged in a covered loss, you have the option to
provide us with the remaining piece (s), and you will receive the
coverage amount for the entire set.
- Cash settlement.
Unlike other insurance
companies, you are not required to replace itemized valuables in the
event of a loss. You can choose a cash settlement, or replace your
valuables at the dealer of your choice. The decision is yours.
- Coverage for newly acquired items.
If you acquire a new item and already have similar articles insured
with itemized coverage, your new item is automatically covered for 90
days for up to 25% of the total itemized coverage for those similar
articles (maximum $50,000).
Unique Coverage Extensions.
Compare with your current carrier.
- Home Invasion
- Child Abduction
- Kidnap & Ransom
- Car Jacking
* This
is merely a summary .
See
policy for actual coverage and conditions that you may qualify for.
| For The Collectors
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What protection does Chubb's wine insurance provide?
With Chubb, coverage for wine
is "all-risk." This means you are
protected against a broad range of losses, including fire, theft and
breakage. what's more, coverage is worldwide. |
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