For an optimal site experience, we recommend using a different browser.
Using Internet Explorer may prevent you from accessing, and some site features may not function as expected.

skip to main content
Home and Contents

Having your property appraised

white sofa with green blanket and cushions

Under-insurance affects many people and the more affluent are no exception.

At its simplest, under-insurance means that policyholders who believe they are fully covered for a risk are, in fact, only partially covered against the risks to which they are exposed, even though they have bought insurance.

This may lead to very difficult conversations and poor client experiences when a claim is made. That is why Chubb aims to identify and remedy instances of under-insurance.


The importance of a Chubb home appraisal

One of the most effective ways to tackle under-insurance of a home is a thorough physical appraisal of the property, when possible in the company of the policyholder and their broker.

This is a key Chubb difference for our clients. We do this as an integral part of our underwriting and risk assessment process for our clients. Depending on the value and size of property, this could be an external assessment, but often it will be a full home appraisal for many of our clients.

Chubb has their own in house team of experienced Risk Consultants.  They are trained in all aspects of appraising high quality homes, which involves an accurate assessment of the rebuild cost of the home, as well as customised risk management advice to help reduce the risk of a loss.

Ultimately, our clients have many complicated considerations when it comes to insurance. Finding the right level of insurance is something we often don’t realise we need until it’s too late. Whether you’re trying to insure a large art collection or work out the cost of rebuilding your heritage listed property from scratch, having your home personally appraised by an expert can help make sure you aren’t part of the vast number who are underinsured.

This content is brought to you by Chubb Insurance Australia Limited (“Chubb”) as a convenience to readers and is not intended to constitute advice (professional or otherwise) or recommendations upon which a reader may rely. Any references to insurance cover are general in nature only and may not suit your particular circumstances. Chubb does not take into account your personal objectives, financial situation or needs and any insurance cover referred to is subject to the terms, conditions and exclusions set out in the relevant policy wording. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A policy wording can be obtained at, through your broker or by contacting any of the Chubb offices. Chubb makes no warranty or guarantee about the accuracy, completeness, or adequacy of the content. Readers relying on any content do so at their own risk. It is the responsibility of the reader to evaluate the quality and accuracy of the content. Reference in this content (if any) to any specific commercial product, process, or service, and links from this content to other third party websites, do not constitute or imply an endorsement or recommendation by Chubb and shall not be used for advertising or service/product endorsement purposes. ©2020 Chubb Insurance Australia Limited ABN: 23 001 642 020 AFSL: 239687. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb.

Contact us
Contact us

Have questions?

Contact a broker today.