Jewellery can be an integral part of your life, handed down through the generations, received as a gift from a loved one or bought as a reminder of an extraordinary place or period in your life. Whatever it represents, it is an extension of who you are, and an emotional and financial investment worth protecting.
While jewellery can be included as part of your general household insurance policy, it is common for such policies to fall well behind the mark when it comes to providing appropriate coverage in the unfortunate event that any of your prized possessions are stolen, lost or damaged.
Chubb specialises in the insurance of fine jewellery and has designed its Masterpiece Valuable Articles coverage to provide you with peace of mind knowing that your precious jewellery is receiving utmost protection.
Covers physical loss or damage no matter where you go or how long you stay.
If one piece of a pair or set is lost or damaged beyond repair, you can simply choose to hand in the remaining piece(s) and we will pay the full replacement cost for the entire pair or set.
If an itemised piece is damaged, we will not only pay to repair it, but also compensate for any loss in market value as a result of the damage.
With every covered loss, it is our goal to pay the claim within 48 hours of agreeing the settlement.
When you itemise each of your artwork, we will cover them for the agreed value from the start. In the event of a total covered damage or loss, you will receive 100% of the agreed value, with no excess or depreciation.
At the time of a total covered loss, if the market value of your item increases and is higher than the agreed value, we will pay up to 125% of the agreed value (subject to maintenance of current valuations and subject to a maximum difference of $100,000 from the amount of the agreed value).
Option to receive cash settlement in the event of irreparable damage or loss.
Immediate cover for new acquisitions within 90 days notification, up to 25% of the existing itemised amount, subject to a maximum of $100,000.