The Chubb Private Client Offering – What Makes Them a Leader in the High-Net-Worth Space

In the realm of high-net-worth individuals, insurance isn't just a basic contract. It's become more like a tailored safety net, showing how much you care about your valuable belongings and lifestyle. Chubb's Private Client offerings are very well known in the market for providing top-tier protection for your assets. Chubb is one of the best options for individuals and families who want the most comprehensive coverage, flexibility and an award-winning claims process that prioritises efficiency and discretion.

What sets Chubb apart from the rest of the high-net-worth market? It's a combination of factors, starting with the breadth and depth of their coverage. Unlike standard direct online policies that often leave gaps in cover, Chubb's Private Client offering is thoroughly designed to address the unique needs that come with an affluent lifestyle to ensure peace of mind whilst enjoying your assets.

Chubb's approach is not one-size-fits-all. They look closely into the specifics of each client's assets, from your homes and valuable collections to your sports and classic cars. This granular understanding translates into policies that are truly bespoke and tailored to the individual and their family.

• High-value Home Insurance: In the event of a loss where your home will require rebuilding, Chubb focuses on rebuilding your home to its original specifications, even if those specifications exceed current building codes. They cover landscaping and fine art and even pay for you to live elsewhere if the repairs take a long time. Chubb will appraise every building they insure to ensure the building is insured to its true value. Chubb also covers your content worldwide on an all-risks cover.
• Car Insurance: Chubb covers all motor insurance on an agree-value basis, any driver cover, and covers you when driving other cars. Chubb understands the value of high-performance vehicles and classic cars. Their coverage extends beyond basic coverage, offering agreed values for collectable cars, and they have access to a wide network of specialised repairers.
• Collections Coverage: Chubb will ensure your fine art, jewellery, antiques, wine, and other valuable collections are appraised and insured to their full value, and they will also account for when their market value appreciates. Chubb also gives you access to experts who can help protect and maintain your collections.  
• Liability Coverage: Chubb understands that high-net-worth individuals and families could face complicated court cases and has therefore offered very high liability limits as a standard for their coverage.
• Cyber Coverage: In an increasingly digital world, Chubb acknowledges the risks of cyberattacks and identity theft. Their policy coverage includes expert assistance in restoring compromised systems and recovering financial losses in such events.

Flexible and Tailored Approach:

Chubb's Private Client offering is built on the principle of adaptability. They understand that clients' needs evolve, and their policies must reflect this.

• Worldwide Coverage: For individuals and families with international residences and travel, Chubb provides comprehensive coverage that extends to cover them whilst abroad.
• Single Point of Contact at claim time: Clients are assigned a dedicated account manager who serves as a personal liaison, simplifying communication and ensuring a seamless experience when a claim event occurs.
• Comprehensive Risk Management: Chubb goes beyond reactive claims handling; they will conduct a thorough risk assessment to identify potential vulnerabilities and implement preventative measures, which in turn mitigates future claims.
• Appraisal Services: Chubb offers appraisal services to ensure that assets are accurately valued, eliminating the risk of being underinsured.

The Chubb Claims Experience:

When a claim occurs, the value of an insurance policy is truly tested. Chubb's claims process is designed to be efficient, reliable, and tailored to the unique needs of high-net-worth individuals and their families.

• 24/7 Claims Reporting: Clients can report claims at any time, day or night, ensuring prompt response.
• Expert Claims Loss Adjusters: Chubb employs experienced claims adjusters who understand the complexities of high-value losses and are committed to resolving claims efficiently.
• Preferred Vendors: Chubb maintains a network of vetted contractors, appraisers, and restoration specialists, ensuring that repairs and replacements are of the highest quality.
• Cash Settlement Options: In some instances, Chubb offers cash settlement options, providing clients with the flexibility to manage their own repairs or replacements.
• Emphasis on Privacy: Chubb recognises the importance of discretion and handles all claims with the utmost confidentiality.

What Makes Chubb Worth It?

The cost of Chubb's Private Client Services is, in some cases, higher than that of standard direct online insurance policies. However, the value proposition lies in the peace of mind that comes with knowing that your assets and lifestyle are comprehensively protected. It's about access to expertise, personalised service, and a claims experience that prioritises your needs.

Chubb's dominance in the private client market stems from its firm commitment to being great at what they do. They've consistently built a strong reputation in the private client market for their:

• Financial Strength: Chubb's financial stability ensures that they can meet their obligations, even in the face of catastrophic events.
• Expertise and Experience: Chubb has a long history of serving high-net-worth individuals and their families, giving them unparalleled expertise in managing complex risks.
• Client Focus: Chubb prioritises and values building long-term relationships with clients, providing tailored service and comprehensive risk management.
• Innovation: Chubb continually invests in technology and different ways to improve its services and provide clients with the best protection available.

Chubb's Private Client offering represents more than just a basic insurance contract; they embody a philosophy of comprehensive protection, personalised services, and their commitment to being great at what they do in this space. For clients who demand the best out of an insurer, Chubb provides a level of security and peace of mind that is truly unparalleled to others in the market, and that is why Chubb remains the strong leader in its field.