Chubb Insurance New Zealand Limited

Chubb’s operation in New Zealand (Chubb Insurance New Zealand Limited) offers Property & Casualty, Group Personal Accident and Business Travel Insurance products through brokers.

It leverages global expertise and local acumen to tailor solutions to mitigate risks for clients ranging from large multinational companies to local SMEs. Chubb in New Zealand also provides personal insurance solutions such as Masterpiece, a unique policy for people who own prestigious homes and valuable possessions.

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.

The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employsapproximately 33,000 people worldwide.

Chubb’s franchise in Asia Pacific comprises an extensive network of operations serving Australia, China, Hong Kong SAR, Indonesia, Korea, Macau SAR, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.

Chubb Insurance New Zealand Limited Products

  • General Protection
    • Travel Insurance
  • High Net Worth Insurance
    • Prestige Home & Contents
    • Valuable Articles Insurance
    • Insurance for Your Art Collection
    • Insurance for Your Jewellery Collection
    • Family Protection Insurance
    • Personal Liability Insurance

Prestige Home & Contents

What it Covers

If you are the owner of a fine home or valuable contents, you should consider having insurance to match. Not all insurance companies offer the same benefits, so it’s important to know what you are getting before risking your most prized possessions with a low-cost home and contents policy.

Chubb’s Masterpiece is specifically tailored to protect prestigious homes and precious possessions. But we don’t sell on price. We sell on providing outstanding cover and first class service. For instance, if you have a covered loss with us, we will use the finest craftsmen available to return your home and belongings to their original condition. Or if it suits you better, we will give you cash—and unlike some other policies, there’s no depreciation applied.

Extended Replacement Cost Coverage

We’ll cover the full cost to rebuild your home after a covered loss even if this is more than the sum insured.  So it safeguards you from the consequences of under-insuring your home.

Worldwide Cover for Accidental Loss and Damage

Our broad cover means all your possessions are automatically covered wherever you are in the world for accidental loss or damage, even when you’re travelling or your goods are in transit or storage.

Valuable Articles Insurance

Not all insurance products are equal. When it comes to protecting the things that matter most, the last thing you need to hear – should your valuables be lost, stolen or damaged – is that they’re not insured for their true value. Chubb Masterpiece covers your valuables the way no other insurer can match, so the things that you treasure most are treated as such.

What it Covers
  • Fine art/antiques
  • Jewellery
  • Wine collections
  • Rare books
  • Manuscripts
  • Silverware
  • Furs
  • China and crystal
  • Musical instruments
  • Stamps and coins
  • Cameras
Benefits

Itemised Cover

This allows you to list items in your collection separately from your contents cover. This way each item you list will be insured for an amount determined by you.

Blanket Cover

If you don’t want itemised cover, we can tailor a programme that covers every item under one blanket limit with a specified limit per item. So if you have a loss, your valuable item/s will be replaced or repaired up to the insured limit.

Loss in Market Value Cover

If a valuable with itemised cover is damaged and suffers a loss in market value as a result, Chubb will pay for the reduction in market value up to the insured amount.

Pairs and Sets Cover

Often valuable items form a part of a pair or set. With Masterpiece, if one piece of an itemised pair or set is lost or damaged, we’ll cover the replacement cost of the entire set. All we need is the remaining piece(s).

Optional Cash Settlement

In the unfortunate event a valuable item is irreparably damaged or lost, you can choose to take cash rather than replacing if it suits you better.

Worldwide Cover

With Masterpiece your valuables are automatically covered wherever you take them in the world.

Insurance for Your Art Collection

Not all collectors take the same care in selecting the right insurance their carefully curated pieces of art. Many collectors of fine art insure their valuables under a basic, low-cost homeowner’s policy without realising that such policies rarely cover the full value of the artworks. If a loss occurs, they may find that they receive less for the damaged item than what it is really worth and that there is little scope for flexibility when dealing with a claim.

Chubb’s Masterpiece insurance policy has a Valuable Articles Coverage section designed to provide premium cover available for fine art. We also put specialists with the knowledge and expertise to respond to your needs, at your disposal. You can be assured that your fine art is with an insurer that can deliver on its promises.

Benefits
  • Itemised Coverage
    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.
  • Cover for Market Appreciation
    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).
  • Cash Settlement Option
    Option to receive cash settlement in the event of irreparable damage or loss.
  • Newly Acquired Items
    Immediate cover for new acquisitions within 90 days notification, up to 25% of the total itemised coverage.
  • Choice of Restorer
    If you choose to have your damaged piece repaired, we allow you to choose your preferred restorer.
  • Pairs, Sets and Parts Coverage
    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.
  • Loss of Market Value
    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.
  • Expedited Claims Handling
    With every covered loss, it is our goal to pay the claim within 48 hours of agreeing the settlement.

Insurance for Your Jewellery Collection

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.

Benefits

  • Itemised Coverage
    The market value of each piece of fine jewellery in your collection is determined from the start. In the event of a total covered loss, you will receive 100% of the insured value, with no excess or depreciation.
  • Cover for Market Appreciation
    At the time of a total covered loss, if the market value of your item has increased 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).
  • Worldwide Coverage
    Covers physical loss or damage no matter where you go or how long you stay.
  • Cash Settlement Option
    Option to receive cash settlement in the event of irreparable damage or loss.
  • Pairs, Sets and Parts Coverage
    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.
  • Loss of Market Value Coverage
    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.
  • Newly Acquired Items
    Immediate cover for new acquisitions within 90 days notification, up to 25% of the existing itemised amount, subject to a maximum of $100,000.
  • Expedited Claims Handling
    With every covered loss, it is our goal to pay the claim within 48 hours of agreeing the settlement.

Family Protection Insurance

Family is precious but there are dangers in life that can threaten its emotional and physical wellbeing. That’s why we’ve created Masterpiece Family Protection, a cover for when the unthinkable happens. Whether you’re a victim of a home invasion, carjacking or stalking, it can provide the financial support you need for recovery and help prevent a recurrence, too.

What It Covers
  • Hijacking
    Family Protection Cover will reimburse some of your expenses if you’re the victim of a hijacking occurrence.
  • Car Jacking
    With car jacking becoming an increasing problem in Australia, Masterpiece provides cover if you or your family are threatened during the theft or attempted theft of your car or your property in it.
  • Child Abduction
    In the unfortunate event you ever have to deal with a child abduction incident, we’ll provide cover for associated expenses to help ease the trauma.
  • Stalking
    You don’t have to be a high profile person to be the victim of stalking – it can happen to anyone. And at times, court injunctions are simply not enough to prevent lawbreakers from re-offending. With Masterpiece’s Family Protection, we provide cover for harassment, injury or harm that you or a family member may incur from someone who is subject to a court order.
  • Home Invasion
    Whether at home or abroad, it’s an unfortunate fact that owners of fine homes and valuables are often the targets for home invasion. This can be a traumatic experience for all involved. That’s why Masterpiece’s Family Protection provides cover against home invasion for you and any of your guests who may be at your property during the incident.

Contact Chubb Insurance New Zealand Limited

Chubb is committed to providing excellent service focusing on quick response times when issuing policies, paying claims and handling inquiries.

Our Address:

Head Office
Chubb Insurance New Zealand Limited
CU1-3, Shed 24
Princes Wharf
Auckland 1010

Postal Address
Chubb Insurance New Zealand Limited
PO Box 734
Auckland 1140
O +64 (9) 377 1459
F +64 (9) 303 1909

Wellington Office
HP Tower
Level 15, 171 Featherston Street, Lambton
Wellington 6011
O +64 (9) 377 1459