As pioneers of using in-house appraisers to help clients establish the value of their property, and mitigate the risk of loss, our appraisal service is a key reason why owners of fine homes and high value possessions around the world choose Chubb.
With over 2,000 appraisals completed every year in the UK and Ireland, we find that at least 50% of homes that we initially visit are under-insured. Unlike most insurers, we won't leave you to guess the value of your home and contents.
Instead, we thoroughly appraise your property and valuables, resulting in complete peace of mind.
Once your home is appraised, we aim to provide "extended replacement cost" for your buildings cover. This means that we will pay the full amount to rebuild your home, whatever the cost (except for a few unusual buildings), so you can restore your home's features with like-for-like quality.
In addition, we suggest ways to reduce damage or loss by way of a comprehensive risk assessment.
When you purchase a Chubb Masterpiece policy, we will arrange a personal home appraisal free of charge. Our experienced risk consultants have a variety of backgrounds, including architecture, surveying and fine art.
Each has been trained to assess the architectural features of unique homes and the consultant will examine your home inside and out. They estimate the replacement value of all features and take into account rarity of materials, unique design features and the need for skilled craftsmanship.
This in-depth process can take a few hours, however for larger properties with complex risks, the appraisal can take up three days. Afterwards, you will receive an appraisal report that may include photographs of key features. The risk consultant will then guide you through the next steps and may recommend introducing specialist third parties to address specific or complex issues.
A Chubb client lived in a grade II listed 17th Century timberframe farm house. The Chubb appraiser determined the rebuild cost to be £1.7m , which meant the client had been under-insured by £200,000 under their previous policy. Because the building was listed, the client would have had to cover the difference in building something similar due to not having an adequate sum insured. The revised building sum insured meant the client had the right level of cover and a more suitable policy.
We have a dedicated appraisal booking team on hand to help arrange your appraisal visit. The team will contact you or your broker directly to arrange an appraisal visit, however if you need to speak to someone about your booking or any aspect of our appraisal service, please contact a member of the team:
Rebecca Cambridge – 0203 964 3113
Nick Walden – 0203 964 3272
Kate Scotkova – 0203 964 3112
Alternatively, contact the team via email