- Individuals & Families
- Businesses
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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.
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Fine Arts Cover
Fine arts cover highlights
Individualised coverage
We offer flexible, worldwide coverage options to meet your unique needs and cover most causes of loss with no deductible. Cover an entire collection with blanket coverage, itemise your individual pieces, or do both. It’s up to you.
Optional cash settlement*
In the unfortunate event a valuable item is irreparably damaged or lost, you can choose to take cash up to the sum insured rather than replacing if it suits you better.
Automatic coverage for new items*
If you already have itemised fine arts, newly acquired items are covered for up to 90 days for 25% of the itemised coverage.
Paying market value*
In certain cases, we’ll pay more than the amount itemised on your policy to account for increases in market value.
Who is this insurance for?
Homeowners with art collections
Preserve the value of your personal art collection with comprehensive coverage in the comfort of your home.
Art enthusiasts
Cover your individual pieces and small collections for unforeseen risks.
What it covers
Loss or damage
Our insurance covers against accidental loss or damage to your art collection, ensuring that you are financially covered in the event of unexpected incidents.
Theft and burglary
Chubb Home & Contents provides coverage for theft or burglary, ensuring that you have financial assistance in the unfortunate event of such incidents affecting your valuable items.
Replacement cost
In the event of loss or damage, our coverage takes into consideration the replacement cost of your fine arts, providing financial reimbursement to restore your collection.
Additional coverage options
Chubb offers optional coverage enhancements, allowing you to customise your policy to fit your unique needs.
Coverage exclusions
Please note that Chubb fine arts coverage has certain exclusions. For a comprehensive understanding of coverage and exclusions, please refer to the policy wordings and product disclosure statement. Contact your insurance broker to explore the coverage options and ensure a comprehensive insurance of your fine arts collection.
Some of the primary exclusions include loss to fine arts caused by:
- An intentional act by someone covered under the policy, such as stealing, theft, or other.
- Certain events including acts of war, nuclear and chemical hazards.
- Wear and tear, gradual deterioration, rust, and corrosion.
“Private collectors can learn a lot about what Victoria and the team have done here at the centre.”
Mark Treppo | Risk Consulting Manager
“It’s not just about the day-to-day care of the collection. It’s about being prepared for an unexpected event. For Chubb, every collection is precious, whether it is Tarrawarra Museum of Art or a private collection.”
Other coverages included under Masterpiece Homeowners Insurance
Masterpiece
Jewellery
Valuable Articles Coverage
Family Protection
Personal Cyber
Personal Liability
Frequently asked questions
Coverage for your artwork is included in any of Chubb’s home insurance policy, but the cost and amount of coverage is dependant on various factors including the value of the artwork, its condition, location, and specific coverage needs. Contact an insurance broker for a personalised quote.
Yes, Chubb can provide coverage for your personal artwork, whether you're an artist, collector, or enthusiast as part of any home insurance policy. Our fine arts cover is tailored to meet your unique needs.
It is recommended to insure artwork as soon as you acquire or possess valuable pieces. Accidents, theft, and damage can occur at any time, so it's recommended to have coverage in place.
While insurance provides financial cover, you can also take steps to physically protect your artwork. This includes proper storage, handling, and displaying techniques, as well as using security measures like alarms and surveillance.
Chubb covers a wide range of art, including paintings, sculptures, drawings, photographs, ceramics, textiles, and more. Contact an insurance broker to discuss your specific art collection.
Frequently asked questions
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Chubb’s Masterpiece policy contains valuable articles cover - this section of the policy is specifically tailored to cover your specified valuables, including fine arts. Not all home and contents insurance policies contain valuable articles coverage. Contact an insurance broker to find out more.
Chubb's home insurance can provide coverage for the loss of value or appreciation of damaged or stolen artwork, subject to policy terms and conditions.
To make a claim, promprty contact your insurance broker with your policy details and incident report.
Chubb may require an appraisal for high value artworks or collections to establish their current market value. This helps ensure accurate coverage and claims settlement.
Insights and Expertise
*These benefits are not included in all Chubb policies. Speak to your insurance broker to find out which product is right for you.