Homes | Jewellery | Fine Art | Motor AWARD WINNING INSURANCE
best, it is a potential financial nightmare – as the council’s conservation officer will force the owners to pay for any shortfall themselves. The solution is to use a specialist insurer, like Chubb, with experience in valuing listed buildings.
Often, one needs less insurance. I also see many cases where people are expensively over-insured. For example, a beautiful farmhouse in the Home Counties, insured at its market value of £650,000. Yet, it would only cost £390,000 to rebuild. The difference? Simply the price of land. The owners were delighted. They could reduce their insurance premiums…with more cover. And, we can also provide Extended Replacement Cost Cover – for all but a few unusual homes. Meaning that we will reinstate a building after damage – with like-for-like quality and craftsmanship – even if it costs more than the agreed buildings sum insured.
Why is the Chubb appraisal service so special? Chubb is unique in appraising every home it insurers in the UK. Chubb appraisers are highly experienced with backgrounds in architecture, surveying and fine art. Our complimentary appraisal involves an evaluation of the rebuild of the home, and for most homes, guidance on the replacement cost of your contents and valuables, including antiques and fine art. With this detailed record, you can be adequately covered so there are no nasty surprises. Each year Chubb appraises over 30,000 prestigious and period homes world- wide – which makes it the leader in its field.
No restrictive conditions that could invalidate your insurance. Chubb insures your home on a ‘warranty free’ basis. There are no restrictive conditions about occupancy or setting burglar alarms that other insurers impose. Chubb prefers to rely on your natural concern to protect your own possessions.
Two homes on one policy with no occupancy clauses. Our approach to second homes is refreshing. We will usually include second homes on the same policy as your main home - on virtually the same terms….with no irksome occupancy clauses. And the second home can be outside the UK. Many of my clients have homes in France or Spain or Italy.
No deductions. A customer recently had a necklace stolen. It had an ‘agreed value’ of £27,000 under our Valuable Articles cover. She was amazed. The cheque arrived within 48 hours of Chubb agreeing the claim, and it was for the full £27,000 - with no deductions. But Chubb is not like other insurance companies. We do not force you to replace an item through a preferred supplier, with us taking a hefty, hidden discount. Nor do we insist on a reduced settlement if you choose not to replace the item. We pay you exactly what the item is insured for. Perhaps this is why Chubb is one of the leading insurers of privately-owned jewellery and fine art.
Authorised and Regulated by the Financial Services Authority.
Masterpiece is designed for owners of higher value homes, valuables and collections. For 120 years Chubb has provided exceptional cover, first class service and legendary claims handling, underpinned by consistently high ratings for financial strength.
For more information about Chubb Masterpiece please contact James Wasdell at Quantum Underwriting Solutions (quoting reference BVCA013 to qualify for interest free premium financing).
Authorised and Regulated by the Financial Services Authority.
T: 0870 402 1900
E: james@
quantumplc.com
Risk and Insurance in Private Equity and M&A 2012/13
Author Viewpoint 61
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76