High-Value Homeowners Insurance
Horn & Co. Insurance Services is an appointed agent with Chubb Insurance Solutions and offers a High-Value Homeowners Insurance package for homes that cannot ordinarily be insured by our regular Homeowners Insurance product. Whether you have a $5 Million Custom Home, or a $100 Million Luxury Estate, Horn & Co. Insurance Services and Chubb can offer you the right solution.
Deluxe House Coverage
Chubb's Deluxe House coverage is designed expressly for distinctive or custom homes and their
owners. With Chubb, you have more choices and more control over the insurance process,
industry-leading service, and features not usually found in other High-Value Homeowners policies,
such as:
• Complimentary Home Appraisal.
In many cases, a professional appraiser will visit your home to note any special architectural details and interior features, and help you determine the amount of coverage you need. Your appraiser also can provide security and fire prevention advice, and suggest ways to protect your valuables. No fees are involved.
• Actual Rebuilding Costs.
Choose the extended replacement cost option, and after a covered loss, Chubb will pay to have your home rebuilt, even if the cost is greater than the amount of your coverage. Most policies will pay only up to the policy amount, whether it covers your rebuilding costs or not. This option is available in most states.
• Rebuilding to code.
If you rebuild, you may be required to follow current, more stringent building codes for things like electrical wiring or plumbing. This could result in significant expenses. After a covered loss, Chubb will pay these additional costs if you rebuild on the same location.
• Optional Cash Settlement.
To rebuild or not to rebuild-the decision is yours. If you decide not to rebuild after a total covered loss, you can opt for a cash payment up to the policy limit. It's your home, your policy, your choice.
• Additional Living Expenses.
After a covered loss, Chubb will cover the increase in your temporary living expenses while your home is being rebuilt. This feature will help you maintain your normal standard of living until your home is ready.
• Full Replacement Costs for Contents.
Choose Chubb's full replacement cost coverage for your belongings, and your home contents, from sporting equipment to antique furniture, are covered for the cost to replace them. There are no deductions and no depreciation.
The Signature Suite
Chubb’s Signature Suite will continually evolve to address the complex risk management of you and your family. Today, the Signature Suite offers you the following services to Signature customers:
Travel Security
Adventure vacations and exotic locations... these popular trends can make for amazing experiences, but what if something goes wrong while you are away from home? Chubb has partnered with premier travel security and medical response firms to help keep you and your family safe when traveling.
Personal Employee Management
You may employ housekeepers, nannies, yacht crew, or other household employees, but have you taken steps to protect yourself as an "employer"? Chubb provides access to sound methods for helping to reduce employment practices liability exposures such as sexual harassment, discrimination, wrongful termination and more. Chubb also provides resources to help hire and maintain qualified employees.
Personal Security
Your assets and public profile can lead to increased risks and may even make you a target for criminals, so what can you do to protect yourself and your family? Chubb has teamed up with nationally recognized personal security firms to help ensure that you are as safe as possible when at home, traveling or conducting everyday activities.
Collections Management
You have collected the things you love over the years with a discerning eye, but how can you keep the management of your growing collection from becoming a daunting task? Chubb provides meaningful collection management tools that can help keep your passion from becoming a chore.
Home Appraisal Service
Chubb’s Signature Suite will continually evolve to address the complex risk management of you and your family. Today, the Signature Suite offers you the following services to Signature customers:
The Benefits of a Chubb Appraisal:
Determining Replacement Cost
Many insurance companies use basic insurance valuations (based on room counts, square footage, and other simple metrics) or a home's market value (the price for which your home might sell) to determine the amount of coverage. Basic valuations can substantially underestimate the costs to rebuild, especially with older homes and homes with custom features. Also, if you insure your home for its market value, you could easily pay for too much coverage if the market is high. Market value reflects a host of factors unrelated to building costs, such as the home's location or the reputation of its corresponding school system. Chubb's Home Appraisal Service can help you determine what it would cost to rebuild your home with similar quality materials and craftsmanship, thereby allowing you to decide on the amount of homeowners coverage you need.
Learn How to Better Protect Your Home
Chubb's specialist appraisers are trained in the essentials of fire protection and home security. While at your home, they may suggest ways you can reduce the chances of loss to life or property in your home.
How a Chubb In-Home Appraisal works:
If you receive this service from Chubb, one of our approximately 200 specialist appraisers will visit your home. Our appraisers are highly trained and have expertise in a variety of fields, from architectural and interior design to fine arts and historic preservation. If you wish, they can help you locate a specialist for valuation of your home's contents and valuables.
The Chubb appraiser will take a number of measurements and record detailed information needed to help estimate your home's rebuilding costs. The appraiser also will photograph the interior and exterior of your home to document its features, and if needed, offer recommendations aimed at reducing the potential for loss. For most homes the process takes about an hour.
Finally, for many customers, Chubb creates a bound report detailing our appraisal and recommendations and sends it to you and your agent or broker. Based on the information in the appraisal, you can work with your insurance agent or broker to decide on an appropriate amount of coverage.
Once you and your Insurance Specialist at Horn & Co. Insurance Services have reviewed the appraisal and a coverage amount has been agreed upon, you may want to consider Chubb's Extended Replacement Cost Feature. With this feature, if you have a total covered loss of your home, Chubb will pay for the actual cost to reconstruct your home, including its custom features, even if it costs more than the coverage amount.
Claims Service
If you ever experience a property loss while insured with Chubb—whether it involves your your fine home, or your valuable possessions—you will be supported by a claims professional uniquely qualified to handle your loss. Chubb's claims professionals offer you:
• Specialized service.
Depending on the claim, we may provide the services of a specialist. Chubb's network of claims professionals includes individuals experienced in handling claims for fine art collections, antiques, or historic homes. They will have the necessary insight and background knowledge to settle the claim promptly and fairly.
• Service around the globe.
Through our global network, Chubb can respond to a claim almost anywhere in the world. If your jewelry is stolen from a hotel in anywhere in the world, you can count on Chubb to provide the same world-class service you would expect if you experienced a loss in your home.
Chubb's claims professionals also include liability specialists to help manage any third-party liability claims made against you. These individuals are well versed in the intricacies of injury and damage claims, and they have access to all the necessary resources to manage a claim on your behalf.
Contact us for more information on High-Value Homeowners Insurance, or submit a quote request today.
This is a general description of coverage and is not a policy contract. The policy itself should be read for your coverages and exclusions. Insurance coverage underwritten by Chubb Insurance Group of Companies.