It’s an apparent paradox – more affluent homes have greater security, yet the potential for burglars to enter a property may be greater owing to the actions of the homeowner themselves.
Burglary is one of the most frequent property claims reported by Chubb private clients. And in the last ten years, cases of burglars entering a UK property by pushing past the owner (and therefore not triggering the security alarm) have increased by 5%. Such home invasions are leading to more thefts, and more worryingly, more injuries as homeowners attempt to defend their property.
Chubb pioneered the inclusion of aggravated burglary cover in its UK home policy, in 2004. Along with other ‘family protection’ covers, including stalking, car-jacking and identity theft, Chubb automatically includes this cover as part of its household product portfolio.
Usually, insurers just pay claims for lost or damaged possessions. However, Chubb knows that its clients aren't just concerned about the damage to their physical belongings. They're concerned about the threats that affect them and their families. The emotional impact can be devastating and potentially more damaging than any physical injuries. To help homeowners recover from these sometimes life-changing incidents, the Chubb policy provides cover for psychiatric counselling and also extends to covering expenses associated with recuperation such as spending time at a specialist clinic.
Which policies have the cover?
It’s automatically included within a Chubb home policy – Initial, Masterpiece and Signature.
Who could benefit from the cover?
- All homeowners. As a general rule, the more wealthy the owner, the more likely they are to be targeted
- Remote rural homes are particularly at risk
- The policy covers the homeowner, family and occupants at the time of the incident
Summary of aggravated burglary cover
Chubb’s home policies include the following generous limits, per person:
- Accidental death/loss of limb, sight, speech or hearing - up to £100,000
- Medical expenses – up to £25,000
- Psychiatric counselling expenses – up to £25,000
- Security improvements – up to £10,000
- Security guards – up to £10,000
- Temporary relocation – up to £10,000
- Rest and recuperation expenses – up to £5,000
Read and share! Find out more about the steps your clients can take to help prevent an aggravated burglary claim.
For more information about our aggravated burglary cover, please contact Alan Gorman.