Chubb. - Chubb Optimize Coverage
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How to optimize your clients’ coverage.

If your clients’ coverage doesn’t fully protect them against all the risks they face, Chubb can help.

Your clients may have gotten their insurance through a standard carrier. You may have engaged them using some of the language insights we shared with you, and educated them on the premium level of service they could expect as your clients. And while price may be a factor in their decision, optimizing their insurance coverage to fully protect them against the risks they face should also be a main concern.

Here are some examples of how Chubb can help you optimize your clients’ protection...

Case study 01

Ellen & AlexRiding High
Ellen & Alex
Full coverage – better protection
  • Homes in Illinois and Utah
  • Wine and jewelry collections
  • Grand piano
  • Full-time caretaker
Terri & Bill
Optimized protection
  • Condo in Tribeca, NY
  • Houses in Maine and Vermont
  • Art and antique collections
  • Full-time housekeeper
Kelly & Steve
Updated coverage
  • Home in Sammamish, Washington
  • Second home in Montana
  • Jewelry, china, and art collections
  • Full-time nanny
Ellen & Alex
Full coverage – better protection
  • Homes in Illinois and Utah
  • Wine and jewelry collections
  • Grand piano
  • Full-time caretaker
Terri & Bill
Optimized protection
  • Condo in Tribeca, NY
  • Houses in Maine and Vermont
  • Art and antique collections
  • Full-time housekeeper
Kelly & Steve
Updated coverage
  • Home in Sammamish, Washington
  • Second home in Montana
  • Jewelry, china, and art collections
  • Full-time nanny
Case study 01

Ellen & Alex

Historic home and horses

  • Mid 50’s
  • 2 Children
  • Homes in IL and UT
Both in their mid-50s, Ellen and Alex have two children, live in a historic home in Illinois, and own a ranch house in Utah, with a stable, horses, and a full-time caretaker. After a Chubb review, they realized they didn't have coverage for some of the risks they faced and could be taking advantage of discounts and higher deductibles to reduce their premium. They made changes to their policy, and are now fully protected.

Insurance premiums

  • Currently they pay$28,482
  • They could save$4,732
As a Chubb client, they could get the comprehensive protection they need, and save 17% in premiums.

How Chubb can help your clients optimize their coverage.

Successful clients may not need low deductibles, so offering them higher deductibles, as well as credits for preventive technology, may help with the cost discussion. Add coverages that they didn't have access to in the past, and you can easily optimize their coverage to better protect their needs and assets.
Before
After Chubb review
Home structures limit
$3.0MM$3.0 million
$3.7MM$3.7 million
Other structures limit
30% ($900K)30% ($900,000)
30% ($1.11MM)30% ($1,110,000)
better reflects the true replacement value of the home, other structures and contents and saves them money in premiums.

Personal property limit
50% ($1.5MM)50% ($1,500,000)
50% ($1.85MM)50% ($1,850,000

A higher deductible and a higher limit on their ranch home)

Before
After Chubb review
Deductible
$1K$1,000
$5K$5,000
Water leak detection credit
NoNo
YesYes

Installing water leak detection systems in both homes and a temperature monitoring system in the ranch home means they don’t have to worry about water damage or freezing pipes while they’re away.

3 months

Typical time families spend out of their homes while repairs are made after suffering a severe water loss.

Clients’ homes are 7 times more likely* to sustain damage from a plumbing leak than by a fire and 6 times more likely* to sustain a loss from a plumbing leak than being burglarized.

Source: Xactware

Gated community credit
NoNo
YesYes
Portfolio discount
NoNo
YesYes
Case study 02

Terri & Bill

An Appreciation of Art

  • Early 60s
  • Condo in Tribeca
  • Homes in ME and VT
Terri and Bill are now in their early 60s, with grown children. They own homes in Maine and Vermont, and a luxury condo in Tribeca, New York. They have a sizable collection of art, antique furniture, and jewelry, as well as two high end automobiles. After a Chubb review, they made changes to their coverage to optimize their protection.

Insurance premiums

  • Currently they pay$34,380
  • They could save$6,833
As a Chubb client, they could fully protect themselves against the risks they face, and save 20% in premiums.

How Chubb can help your clients optimize their coverage.

With more than one home, some clients aren’t sure how much insurance they need for structures and contents. By customizing the coverage limits for each home and its personal property, and by breaking out coverage for any collections they may have, you can easily optimize their coverage and protect them from additional risks.
Home in Maine
Before
After Chubb review
Home structures limit
$2.5MM$2.5 million
3.0MM3.0 million

Increasing the home structure limit on the house in Maine better reflects the true replacement value of the homes, structures and contents.

Other structures limit
30% ($750K)30% ($750,000)
30% ($900K)30% ($900,000)
Personal property limit
50% ($1.25MM)50% ($1.25 million)
50% ($1.5MM)50% ($1.5 million)
Water leak detection credit
NoNo
YesYes
Gas leak detection credit
NoNo
YesYes

Installing water leak detection and temperature monitoring systems and keeping all of their home insurance with Chubb helps lower their premiums.

Temperature monitoring system credit
NoNo
YesYes
Gated community credit
NoNo
YesYes
Home in Vermont
Before
After Chubb review
Home structures limit
$1.5MM$1.5 million
SameSame
Other structures limit
30% ($450K)30% ($450,000)
SameSame
Personal property limit
50% ($750K)50% ($750,000)
SameSame
Water leak detection credit
NoNo
YesYes
Temperature monitoring system credit
NoNo
YesYes
Deductible – all locations
$1K$1,000
$5K$5,000
Portfolio discount
NoNo
YesYes

They receive loss premium credits for prevention systems, and lower their premiums with higher deductibles and a portfolio discount, because they’ve put all of their coverage with Chubb.

Total homeowner’s premium
$20,167$20,167
$15,582$15,582
Case study 03

Kelly & Steve

Moving up and out of the city

  • Late 30s
  • 2 Children
  • Homes in WA and MT
Both successful software engineers, Kelly and Steve are in their late thirties with two children. They recently moved from their Seattle condo to a home in Sammamish, Washington. They own another home in Montana and employ a full-time nanny. After a Chubb review, they updated their policies to better reflect their current situation and risks.

Insurance premiums

  • Currently they pay$9,364
  • They could save$781
As a Chubb client, they could optimize their protection to better cover their risks, and save 8% on their premiums.

How Chubb can help your clients optimize their coverage.

Successful clients often face additional risks, above and beyond the usual. Many need higher limits on standard coverages, as well as Excess Liability coverage and protection against those who are underinsured or not insured at all. By increasing or adding coverage, as well as increasing deductibles and taking advantage of premium credits, you can optimize your clients’ protection and lower their premiums.
Home in Sammamish, WA
Before
After Chubb review
Home structures limit
$1MM$1.0 million
$1.5MM$1.5 million

A higher limit on their Sammamish home will ensure full replacement cost if they suffer a loss.

Other structures limit
30% ($300K)30% ($300,000)
30% ($450K)30% ($450,000)
Personal property limit
50% ($500K)50% ($500,000)
50% ($750K)50% ($750,000)
Basic deductible
$1K$1,000
$5K$5,000

A higher deductible and credits for installing water leak detection and gas leak detection systems gives them better protection and a discount on their premiums.

Water leak detection credit
NoNo
YesYes
Backup generator
NoNo
YesYes
Portfolio discounts (vac/auto)
NoNo
YesYes
Home in Montana
Before
After Chubb review
Home structures limit
$400K$400,000
$600K$600,000

A higher limit ensures they will get full replacement value.

Personal property limit
50% ($200K)50% ($200,000)
50% ($300K)50% ($300,000)
Deductible
$1K$1,000
$5K$5,000

A higher deductible, lower personal property limit, installing water and gas leak detection systems, and a gated community discount help reduce their premiums.

Water leak detection credit
NoNo
YesYes
Gas leak detection credit
NoNo
YesYes
Gated community credit
NoNo
YesYes
Homeowner’s premium
$5,533$5,533
$4,266$4,266