Valuable Articles Coverage

Your engagement ring evokes memories of a special time and place in your life. Your collections of fine art, jewellery, or wine reflect your travels, your adventures, and your life. These priceless pieces evoke memories of a special time in your life.

We understand that a sentimental loss is hard to replace.  We go out of our way to make the claim process easy for you if something happens to you or your valued possessions. As part of your Masterpiece policy, the Valuable Articles Coverage (VAC) ensures that an emotional loss is not compounded by a financial one. 

Typical homeowner policies are designed primarily to cover your home, personal liability, and the contents of your house. However, limits for valuables such as jewellery and art under most policies can be surprisingly low and you may have out-of-pocket expenses if high value possessions are lost.

With a Chubb VAC extension on your Masterpiece policy, you can increase the coverage for the special possessions that matter to you.

We understand the years you've invested to grow your collection. With experience insuring some of the world's largest and finest collections, we can help cover the collections you cherish most as part of one of our Masterpiece insurance policy.

Individualised coverage

We offer flexible, worldwide coverage options to meet your unique needs. Cover an entire collection, itemise your individual pieces, or do both. The choice is yours.

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 it if it suits you better.

Agreed value feature

We’ll work with you upfront to determine the value of your items. Then, for covered total losses, we’ll make sure you’ll get 100% of the agreed value as a cash settlement.

Chubb insurance offers comprehensive coverage for a wide range of risks and perils that may affect your valuable collections. Our coverage includes:

• Loss or damage:
  Our insurance protects against accidental loss or damage to your collections, ensuring that you are financially covered in the event of unexpected incidents.

• Worldwide coverage:
  Whether you're at home or travelling abroad, our insurance extends coverage worldwide, ensuring that your collections are insured no matter where you go.
  

• Theft and burglary:
  Chubb's home insurance policy 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 collections, providing financial reimbursement to restore your collection.
   

*Additional coverage options: Chubb offers optional coverage enhancements, such as coverage for newly acquired pieces and higher limits for specific items, allowing you to customise your policy to fit your unique needs.

Chubb’s valuables coverage contained in its Home & Contents policies have certain exclusions. For a comprehensive understanding of coverage and exclusions, please refer to the policy wordings and product disclosure statements. Contact your insurance broker to explore the coverage options and ensure the comprehensive protection of your valuable collection.

Chubb exclusions:

Some of the primary exclusions include loss to valuable pieces caused by:

• An intentional act by someone covered under the policy, such as stealing, theft, or other misappropriation.
• Certain events including acts of war, nuclear & chemical hazards.
• Wear & tear, gradual deterioration, rust, and corrosion.