Perhaps you collect stamps, coins, wine, sports memorabilia, silver or other valued items. Any collection, large or small, should be covered by a valuable articles policy.
Chubb makes insuring collectibles easy; here are a few of the many coverage highlights found in our valuable articles policy:
- Blanket or Scheduled Items: You can use blanket coverage to protect an entire collection, itemize valuable pieces or do both. Your choice.
- Coverage for Breakage of Fragile Items: Breakage of fragile items may be excluded on your homeowners policy but with a Masterpiece valuable articles policy from Chubb, you are automatically covered for breakage of fragile items.
- Mysterious Disappearance: Homeowner policies exclude coverage for lost or misplaced items (sometimes referred to as "mysterious disappearance"). Chubb's valuable articles policy automatically covers misplaced, lost or stolen items.
- Newly Acquired Item Coverage: If you already have itemized jewelry or fine art on your Chubb policy and you add a new item to your collection, we've got you covered. Chubb provides automatic coverage for newly acquired similar items for 90 days (up to $50,000 for jewelry and up to 25 percent of the policy limit for fine art).
- Inflation Protection: In certain circumstances, Chubb can pay up to 150 percent of the amount itemized on your policy to account for inflation.
- Liberal Appraisal Requirement: Chubb makes it easy for you to insure your valuable items. Appraisals for individual jewelry pieces valued at less than $100,000 and fine art items valued at less than $250,000 are not required. We just need a good description and a photograph of the item as well as the estimated value.
No matter how many precautions are taken, things break. Make sure your household help knows what to do if something happens. Collect and save all pieces. Even the smallest fragments might be the difference between a successful restoration and a disappointing one.
Disclaimer: This information is descriptive only. All products may not be available in all jurisdictions. Coverage is subject to the language of the policies as issued.