General Property Package Insurance | Chubb

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General Property Package Insurance

For some businesses mobile assets are critical for the successful running of their business. 

Accordingly, it makes good business sense to have a comprehensive insurance product in place that has been specifically designed to cover these assets.  Chubb’s General Property Package policy is specifically designed for larger schedules of mobile asset (greater than $1 million in total value).  Policy overview and appetite are listed below. 


What it covers

Chubb’s General Property Package policy includes four core covers:

Section 1 - Material Damage – Static Covers mobile assets whilst static – ability to offer worldwide cover*.

Section 2 - Material Damage – Transit Covers mobile assets whilst in transit – ability to offer worldwide cover*.

Section 3 - Hired in Equipment Covers Hired in Equipment which the insured is legally liable to insure.

Section 4 - Increased Costs of Working Covers additional expenditure necessarily and reasonably incurred following insured damage under Section 1 or 2

* Subject to sanctions.


Market specialisation

Chubb targets schedules greater than $1 million in value for a wide variety of mobile assets, including:

  • Mobile electronic
  • Mobile medical
  • Survey equipment
  • Tools of trade
  • Light machinery (not self-propelled)
  • Theatrical
  • Exhibitions
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