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Jewellery and Fine ArtTo help protect your cherished valuables, you need a policy that appreciates their worth to you. With Masterpiece, you'll get total peace of mind, plus exceptional cover and superior service. Chubb is the leading insurer of privately owned fine art and jewellery, and is the insurer of choice for more than 60% of the world's top collectors and 74% of the Forbes 400 Richest People in America. In fact, in recognition of our expertise, Chubb is the Principal Sponsor of TEFAF Maastricht - the world's leading fine art and antiques fair. Highlights include:
For extensive private collections, we offer enhanced services - call your broker or the Masterpiece Service Centre for more information. Agreed value approachChubb likes to say 'we try to settle a loss before it happens'. From day one you can be reassured that your possessions are covered to the agreed insured value without quibble. You may individually list all of your valuable possessions with a specific value for each piece. In the event of damage or a loss, you will receive payment for the exact amount listed for the item - with no deductions.
Specified coverSpecified cover means you can agree on an insured value with us for individual valuable items. In the event of a loss, we'll pay you the exact specified amount. So if we agree to insure your necklace for €30,000 and it is lost/damaged beyond repair, we will pay you €30,000 - with no deductions.Unspecified coverIf you own a few pieces each worth less than €3,000, you can arrange for a lump sum cover without having to list each item. In the event of a claim the maximum we will pay for any one item is €3,000.
Cover for loss in original valueIf an item is damaged, we will pay to restore it as perfectly as possible. Plus we will compensate you for any loss in original value due to the damage.
Cash or replacement optionSome items cannot be replaced like-for-like. So you have the choice of replacing an item with something similar from your own supplier, or keeping the full cash settlement.
Valuations only required for high value itemsWe do not require valuations for all your valuable possessions. We only ask for valuations if an item exceeds €30,000 for jewellery and €63,500 for fine art. Chubb has specially negotiated rates with the world's leading valuation companies.
Replacement of a pair or setIf you lose one item of a pair or set, you can choose to receive the full replacement cost of that pair or set if you provide us with the remaining piece(s). We also repair a damaged item, and provide settlement for any reduction in the value of the pair or set as a whole.
"All risks" worldwide cover, including accidental loss and damageOur broad coverage means all your possessions are automatically covered wherever you are in the world, including for breakage.
No restrictive alarm or safe conditionsWe apply no restrictive alarm or safe clauses to limit your lifestyle. We rely on your natural desire to protect your property.
Instant cover for newly acquired piecesYou have automatic cover for any newly acquired jewellery and collectibles - for up to 25% of the total itemised coverage in the same category (up to €32,000) for up to 45 days. For fine art this is 25% (up to €635,000) for up to 45 days.
For full details, please contact us at your nearest Chubb branch. |
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