Home Appraisal Service
Chubb Personal Insurance

Our complimentary home appraisal service is one of the reasons agents, brokers and customers choose Chubb to insure fine homes. The purpose of this service is to estimate what it would cost to rebuild your home so you can determine the amount of coverage you need. The benefits of a Chubb appraisal:

• Determining replacement cost—Many insurance companies use a home's market value (the price for which your home might sell) to determine the amount of coverage. Basic valuations can substantially overestimate the costs to rebuild, especially if the market is high. Market value also reflects a host of factors unrelated to building costs, such as the home's location or proximity to reputable schools. Chubb's home appraisal service can help you determine what it would cost to rebuild your home with similar quality materials and craftsmanship, thereby allowing you to decide on the amount of homeowners coverage you need.
• Learn how to better protect your home—Chubb's specialist appraisers are trained in the essentials of fire protection and home security. While at your home, they may suggest ways you can enhance your safety and safeguard the contents in your home.

How a Chubb in-home appraisal works:

• If you receive this service from Chubb, one of our appraisers will visit your home. Our appraisers all have engineering backgrounds and are familiar with the local construction environment. If you wish, they can help you locate a specialist for valuation of your home's contents and valuables.
• The Chubb appraiser will take a number of measurements and record detailed information needed to help estimate your home's rebuilding costs. The appraiser also will photograph the interior and exterior of your home to document its features, and if needed, offer recommendations aimed at reducing the potential for loss. For most homes the process takes about an hour.
• Finally, for many customers, Chubb creates a bound report detailing our appraisal and recommendations and sends it to you and your agent or broker. Based on the information in the appraisal, you can work with your insurance agent or broker to decide on an appropriate amount of coverage.
• Once you and your agent or broker have reviewed the appraisal and a coverage amount has been agreed upon, you may want to consider Chubb's extended replacement cost feature. With this feature, if you have a total covered loss of your home, Chubb will pay up to 200% of the coverage amount to reconstruct your home, including its custom features.