Best for: Affluent homeowners who want high coverage limits and lots of perks. |
Chubb home insurance pros and cons
Pros | Cons |
---|---|
Significantly fewer consumer complaints than expected for a company of its size. | Tends to be more expensive than other insurers. |
Standard coverage includes features that many companies offer as extras. | Most consumers aren’t able to get a quote online. |
Large number of discounts. |
How Chubb home insurance rates
5.0
NerdWallet rat
Chubb homeowners indemnity earned 5 out of 5 stars for overall performance. NerdWallet ’ mho ratings are determined by our column team. The homeowners insurance scoring formula takes into account policy coverage options and discounts, ease of filing a claim, web site transparency, the fiscal potency of the company, complaint data from the National Association of Insurance Commissioners and more .
Based on these considerations, Chubb is among NerdWallet ’ second Best Homeowners Insurance Companies for 2022 .
State availability
Chubb homeowners insurance is available in all 50 states and Washington, D.C .
Chubb home insurance coverage
You can customize your homeowners policy with numerous add-ons, but below are the types of coverage that broadly come criterion :
Type of coverage | What it does |
---|---|
Dwelling | Pays to repair or rebuild the structure of your home. |
Other structures | Covers damage to unattached structures such as a shed or fence. |
Personal property | Pays to repair or replace personal belongings such as furniture or clothing. |
Additional living expenses | Pays for hotel stays, restaurant meals or other expenses if you have to live elsewhere while your home undergoes covered repairs. |
Liability | Covers legal expenses and damages if you’re responsible for injuries to other people or their property. |
Medical payments | Covers injuries to guests in your home, regardless of fault. |
For more details, see Homeowners Insurance : What It Is and What It Covers .
Chubb ’ s Masterpiece home plate insurance goes beyond the coverage typically offered by other homeowners policy carriers. Some of Chubb ’ s standard features, which are often treated as add-ons by other insurers, include :
- Extended replacement cost. If you need to repair or rebuild your home but the cost is more than your policy limit, Chubb will pay the difference. Chubb also covers any upgrades needed during rebuilding to bring your home up to current codes.
- Replacement value for contents. Chubb will pay what it costs to buy new belongings if yours are stolen or damaged. Most standard policies will only give you the actual cash value of the items, which accounts for depreciation.
- Water backup. If a sump pump fails or the sewer backs up and your home suffers water damage, Chubb covers the costs. With most companies, this is usually optional and carries a separate fee.
The Masterpiece policy besides includes :
- A complimentary visit from a risk consultant to assess your home for potential issues.
- Chubb’s HomeScan system, which uses infrared technology to analyze your home for leaks, insulation problems and electrical malfunctions before they can cause damage.
- Chubb Wildfire Defense Services to protect your home if it’s threatened by wildfire (not available in all states).
- Identity management services to prevent or recover from identity theft (available in some states).
You may be able to add extra coverage to your Masterpiece policy, including equipment breakdown coverage, which pays out if major appliances fail .
Chubb home insurance rates
by and large, Chubb Masterpiece is more per year than the national average homeowners insurance price, on average. however, the Masterpiece policy offers coverage that early, less expensive policies may not .
» MORE: Home policy calculator : Estimate your costs
Read more: Best car insurance companies for 2022
Discounts
many of Chubb ’ s homeowners discounts focus on base hit. In accession to discounts for having burglar or fire alarms, Chubb offers lower premiums if your home plate contains a sprinkler system or is otherwise open fire immune .
In addition, you can save if your home is new or was recently renovated, and populate in a gated community will besides get you a monetary value crack. early discounts may be available as well, depending on where you live .
Consumer complaints
Chubb had significantly fewer than the ask numeral of home indemnity complaints to express regulators relative to its size, according to three years ’ worth of data from the National Association of Insurance Commissioners. ( NAIC home indemnity complaints besides cover other home plate policy types, including mobile home, renters and condominium indemnity. )
Consumer experience
Website: Chubb ’ s web site can be challenging to use. Most will not be able to get a quote on-line. however, the locate does provide ample data about policy features and connects you to a big library of educational subject .
App: The Chubb app is available on io and Android. Users can pay premiums, submit claims and opinion home assessment reports, among other basic functions .
Homeowners insurance buying guide
You can get home insurance quotes online, over the earphone or through an agentive role. But before you start, take the stick to steps :
- Determine how much coverage you need. Is a standard policy sufficient, or do you want to add extra insurance for situations like identity theft or sewer backups? Check whether each company you’re considering has the options you need.
- Take inventory. To ensure you have sufficient personal property coverage, take stock of your belongings. Include all furniture, electronic devices, clothing, jewelry and household items. How much would it cost you to replace them? This total is the minimum amount of personal property insurance you should have.
- Make a fair comparison. When evaluating rates, make sure each insurer is offering the same limits and deductibles.
- Check consumer complaints. Although it may seem tempting simply to choose the cheapest option, look at how many consumer complaints each insurer has before choosing a policy. Poor customer service could have a significant impact on your experience if you ever need to file a claim.
How to file a homeowners insurance claim
File as soon as it’s safe. The oklahoman you report a larceny or damage to your home, the oklahoman your insurance company can assign an adjuster and start working on paying out your claim. Some companies let you file claims online or through their app, while in other cases you may have to call your agentive role or insurance company alternatively. Have your policy issue handy .
Document the damage. Bolster your claim by taking photos or video recording of all damage. If something was stolen, report it to the police before you contact your policy company. Your insurance company may ask for a copy of their report .
Prevent further damage. After you ’ ve taken pictures of everything break or destroyed, take steps to prevent extra damage. For exercise, you can put a tarpaulin over a blabbermouthed roof or blown-out window. Keep receipts for any supplies you buy, as your insurance company may reimburse you late .
For more information, see our guidebook to streamlining policy payments on home damage claims .
Frequently asked questions
What other types of insurance does Chubb offer?
other types of Chubb insurance include car, valuables, cyber and umbrella. additionally, Chubb offers what it calls “ bespeak services, ” which customize coverage for those with specify hobbies or professions such as collecting or agrarian .
Is Chubb homeowners insurance expensive?
Chubb tends to be more expensive than its competitors, but it besides offers respective features standard that other insurers lone have as add-ons. Rates and premiums can besides vary depending on a total of factors, such as your credit or the age of your family .
What is Chubb Masterpiece coverage?
Masterpiece is the name of Chubb ’ mho homeowners indemnity product. It is more comprehensive examination than most other companies ’ standard policies and comes with liability limits improving to $ 100 million.
Read more: Best car insurance companies for 2022
Does Chubb offer coverage outside the United States?
Chubb operates in 54 countries and territories around the global, including the U.S. and Canada, Singapore, Hong Kong, Australia and New Zealand .
Other home insurance companies to consider
not ready to make a decision ? You may be interested in these other homeowners policy companies :
Homeowners insurance ratings methodology
NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts, online experience and more. Our “ease of use” category looks at factors such as website transparency and how easy it is to file a claim. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our
Insurer complaints methodology
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. Ratios are determined separately for auto, home (including renters and condo) and life insurance.
Homeowners insurance rates methodology
NerdWallet averaged rates for 40-year-old men and women from insurance companies in every ZIP code across all 50 states and Washington, D.C. Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1971. They had a $1,000 deductible and the following coverage limits:
These are sample rates generated through Quadrant Information Services. Your own rates will be different.
NerdWallet ’ south homeowners policy ratings reinforce companies for customer-first features and practices. Ratings are based on weighted averages of scores in respective categories, including fiscal forte, consumer complaints, coverages, discounts, on-line feel and more. Our “ comfort of consumption ” category looks at factors such as web site transparency and how easy it is to file a claim. These ratings are a template, but we encourage you to shop around and compare several indemnity quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines NerdWallet examined complaints received by express policy regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary company, measuring its share of total complaints relative to its size, or partake of full premiums in the industry. To evaluate a ship’s company ’ s complaint history, NerdWallet calculated a similar index for each insurance company, weighted by market shares of each auxiliary, over the three-year period. Ratios are determined individually for car, home ( including renters and condominium ) and liveliness insurance.NerdWallet averaged rates for 40-year-old men and women from insurance companies in every ZIP code across all 50 states and Washington, D.C. sample homeowners were nonsmokers with adept credit living in a single-family, two-story home plate built in 1971. They had a $ 1,000 deductible and the succeed coverage limits : These are sample rates generated through Quadrant Information Services. Your own rates will be unlike .