Chubb's Auto Insurance Coverage Explained
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Chubb has been an insurance leader since 1792 when merchants Samuel Blodget and Ebenezer Hazard decided to enter the marine insurance business. Today Chubb is the world’s largest publicly traded property and casualty insurance company and a leading commercial lines insurer in the United States with operations in 54 countries and territories. Chubb Auto offers a variety of elite coverages for its auto insurance customers. Half of Chubb clients own European brand cars, which are known for being complex vehicles, and this makes Chubb distinctly qualified to address repair concerns. Let’s take a look at the coverages available from Chubb Auto.
Car Insurance Coverages and Service Options from Chubb Auto
Here is a roundup of some of the coverages and services available to Chubb Auto customers.
Agreed Value Coverage. With optional Agreed Value coverage, you agree to the value of your car when the policy is written. If the car is stolen or totaled, Chubb Auto will write a check for the agreed amount, regardless of the car’s age or value.
Free to Choose. When you need a vehicle repaired, you can choose a dealership, a local body shop or one of the Chubb-approved Masterpiece Auto Preference Services (MAPS) shops. It’s up to you.
Only OEM Parts. Chubb Auto insists on using Original Equipment Manufacturer (OEM) parts for repairs. The reason? OEM parts are crash-tested and designed to work with the car’s specific advanced safety systems.
Repair Expertise. Chubb Auto Technical Specialists manage complex claims, access specialized guidance on complicated repairs and are able to get hard-to-obtain parts.
Rental Car Reimbursement Coverage. With rental car reimbursement coverage, you can rent a car up to $15,000 total with no per-day limit and emergency coverage for losses 50 miles or more from home.
High Liability Limits. Chubb Auto has high coverage limits available up to $10 million for auto liability and up to $10 million for uninsured and underinsured motorist coverages.
Rental Car Coverage. With Chubb Auto, you are covered for damage to a rental car most anywhere in the world.
Worldwide Claim Coverage. Auto claim professionals are available 24 hours a day and seven days a week. There are three major call centers in the U.S. and multinational claim units in 54 countries.
Bundling Discount. By combining car and home insurance, you may be eligible for a savings on your car insurance premium.
Lock and Key Replacement. Chubb Auto offers lock and key replacement with no deductible or out-of-pocket expense.
Child Safety Seat Replacement. A child safety seat will be replaced in a covered damage or loss.
Pet Injury. With Chubb Auto, a pet injury is covered up to $2,000.
Chubb Classic Cars Coverage
Chubb Auto also is an insurer of classic cars. What is a classic car? The first thing that makes a car a classic is its age. A classic car is an older car, typically 20 years old or older. Definitions of classic cars do vary but classic cars have sufficient historical interest to be considered collectibles.
Let’s take a closer look at the coverage and services available to classic car customers at Chubb Auto.
No Mileage Limits. Chubb Auto doesn’t place limits on mileage on a classic car. You also don’t need authorization from Chubb Auto before participating in non-competitive rallies or tours.
Fast Claims. If you file a claim, Chubb Auto will attend to it quickly. In 98 percent of claims, Chubb Claims Adjusters make contact within 24 hours or less of the initial report.
Receive Help from Auto Technical Specialists. Auto Technical Specialists hold the highest professional designation for car safety and repair. This platinum designation is from the Inter-Industry Conference on Auto Collision Repair. These specialists help you select a repair shop or refer you to Chubb Auto’s elite network of classic car restoration shops. And they are on the ground during catastrophic events like hurricanes, wildfires and earthquakes to make sure Chubb clients get the help they need quickly.
Chubb Advice on Classic Cars. Chubb Auto offers tips and advice on how to protect a classic car. For larger collections, Chubb Auto will come to your garage and check for fire, water and other potential risks with your classic car collection.
Strong Connections. Chubb Auto has relationships with top auction houses, car clubs, and collector car historians. So if you would like to grow your classic car collection, reach out to Chubb Auto as a resource. And with decades of handling classic car claims, Chubb Auto can offer references to the best restorers and parts dealers in the country. So if your car gets into an accident, you’ll have good references to turn to with Chubb Auto’s help.
Simple Billing. Chubb Auto can combine all of a customer’s Chubb classic auto policies into a single bill.
Total Loss Settlement. You agree to the value of your classic car when your policy is written with Chubb Auto. If your classic car is damaged beyond repair, Chubb Auto will write a check for the agreed value amount.
Salvaged Vehicle Option. If your classic car has suffered a total loss, you have the option of keeping the damaged vehicle and parts. Chubb Auto will pay the agreed value less the salvage value of the damaged car.
OEM Parts. Chubb Auto insists on OEM for repairs. And if OEM parts aren’t available, Chubb Auto will pay to fabricate parts for your classic car.
Newly Acquired Car Coverage. Chubb Auto provides protection and automatic coverage worldwide for newly purchased collector cars for the first 90 days.
Unlimited Towing. If you’re in an accident, Chubb Auto will pay to move your car using the transport of your choice to any repair shop you want regardless of distance. Chubb Auto also will pay to get you back to your home safely.
Roadside Assistance Coverage. If you have a mechanical breakdown, Chubb Auto will cover fuel and fluids, battery recharge and flat tire repair. If the car is not able to get back on the road, Chubb Auto will pay the cost of towing up to 200 miles.
Spare Parts and Trailer Coverage. Chubb Auto will pay up to $1,500 to repair or replace automotive tools and spare parts and provide up to $3,000 in coverage for trailers.
Incidentals Coverage. Chubb Auto gives you coverage up to $1,500 for incidentals in the event of a covered loss including car rentals, meals, lodging and other expenses if you are more than 50 miles away from home.
Disaster Coverage. With Chubb Auto, you get coverage up to $500 per car to relocate due to a threat from a covered peril such as an earthquake or hurricane. Fuel, paid drivers and temporary storage are included in this coverage.