Water Damage | Chubb
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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.
Today's multinational organizations face complex and interconnected risks. We offer insurance solutions that are tailored to global needs as well as local requirements, helping them address their risk challenges.
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Get smart about water leaks
More costly than ever
A review of Chubb's proprietary data reveals that water damage claims are now more costly than any other household incident, including fire and burglary. However, while most homeowners have locks, alarm systems and fire detectors installed, most are unaware of the threat of water damage and therefore largely unprepared for an incident.
Chubb's water damage report key findings
- Internal water damage in Australian homes is now a more common and costly risk than fire and burglary.
- Burst flexi hoses are the leading causes of water damage in Australia.
- The average claim from water damage has increased by 72% in the past five years.
- Compared to 94% of homeowners who have smoke and/or fire alarms installed, in their homes, only 1.5% have water shut off devices.
Insights
Protecting your home from water damage
A burst flexi-hose can deliver up to 600 litres of water per hour into your home resulting in significant damage. Here are a few simple ways to help keep your home safe and dry.
Chubb Water Leaks Report
Chubb's research into the rise of water damage to Australian homes.