Child Abduction, Home Invasion Insurance Added to Group-Benefits Package
WARREN, NJ, May 15, 2006 – Accident and health insurers continue to expand benefits offerings. In response to increasing public concern over burglaries,
break-ins and child abductions, the Chubb Group of Insurance Companies is now providing group-benefits customers with the
option to purchase financial protection for child abduction and home invasion.
“With FBI reports of an American victimized by burglary every 15 seconds and countless child abduction stories circulating
through the media, family protection and security are very real concerns for many Americans,” said James Hamilton, senior
vice president, Chubb & Son, and North American manager for Chubb Accident & Health. “By enabling employees to purchase these
coverages through a group program, companies can offer employees valuable financial protection at a fraction of the cost of
stand-alone policies.”
For just a few dollars a year, Chubb’s group-benefits customers can elect optional coverage of up to $50,000 for the medical
expenses, including psychological therapy, and wages lost while recovering from the trauma associated with a household break-in
or abduction of a child. The home invasion add-on can also cover the costs of temporary relocation and residential security
enhancements.
“Individuals may incorrectly assume that their health and homeowners insurance policy provides comprehensive protection from
these crimes,” said Hamilton. “These policies provide limited, if any, protection for many of the people-related risks. A
standard homeowners policy addresses only the loss or damage to property and liabilities for injury to others. Health insurance
often provides limited mental health coverage.”
Chubb’s new coverage options are added to its voluntary group-benefits program, which allows employees to select from a broad
range of high-limit coverages to help provide financial protection for themselves and their families from accidental death,
dismemberment and bodily injury. The new coverages rest on top of standard health and homeowners insurance, providing customers
with an extra layer of financial protection. These voluntary group benefits are currently available in Alabama, Arkansas,
the District of Columbia, Hawaii, Massachusetts, Michigan, Missouri, Montana, New Mexico, Ohio, Pennsylvania, Rhode Island
and Texas.
The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization that provides property
and casualty insurance for personal and commercial customers through 8,000 independent agents and brokers worldwide. Its global
network includes branches and affiliates throughout North America, Europe, Latin America, Asia and Australia.
Chubb has more than 30 years of experience providing blanket, voluntary and special risk accident insurance products. More
information on Chubb’s group-benefits products can be found at www.chubb.com/businesses/accident/chubb4688.html.
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