Mobile Plant & Equipment Insurance | Chubb
- Individuals & Families
- Businesses
- Brokers
From your home and valuables, to prized collections and jewellery, you have a lot to insure. When you insure your home and contents with Chubb, you will receive a high level of service from an insurer who is specialised in working with successful individuals with high value assets.
For professionals in their first luxury apartment, villa or townhouse through to retirees downsizing from a family house, Masterpiece is also ideal for owners and tenants living in luxury apartments, villas and townhouses.
From high-value homes and fine art collections to luxury vehicles and more, we are here to help ensure that what you treasure most is treated with expertise.
With more than 25 years of experience providing travel insurance to Australians, Chubb Leisure Travel Insurance can help protect you and your family while you travel overseas, knowing Chubb support is there if an incident occurs.
Chubb leverages superior underwriting expertise and world renowned claims, account services, and financial strength to offer insurance solutions for small and medium businesses.
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Mobile Plant & Equipment Insurance
Coverage
In addition to a comprehensive level of additional covers, our mobile plant & equipment insurance policy also includes the following features in the material damage section of our wording:
Section 1 - Damage to Machines Basis of Settlement
- Replacement value on machines less than 60 months old up to sum insured.
Traditional mobile plant and equipment products typically only allow for market value as the basis of settlement regardless of the machines age. With Chubb, the insured is able to obtain a new machine when a machine less than 5 years old is involved in a total loss scenario.
Other policy highlights include:
- No Average Clause
- Standard commission of 15%
- Registered machine limit of liablity up to $30 million
- General liability limit up to $30 million
- Accessories, tools and spare parts (up to $25,000)
- GAP cover for machines over 5 years old and under finance now available as an additional coverage