Chubb Expands Water Damage Coverage
Chubb has launched its Overland Water Coverage offering to Canadian homeowner insurance clients. This newly-enhanced and expanded water risk management solution is designed to offer an add-on coverage for Chubb Masterpiece® home insurance policyholders. This coverage complements the existing water damage coverages, such as sewer back up, found in the base policy.
“We feel it’s important to provide Chubb clients with the option to purchase enhanced water damage coverage to further protect their homes,” said Paul Johnstone, Senior Vice President for Chubb Personal Risk Services, Canada. “As always, we want to help protect them from water damage in the first place to the extent possible, but if a loss happens, our priority is doing what it takes to help Chubb clients restore their lives and homes as quickly as possible.”
Chubb’s Overland Water Coverage provides the following benefits:
Expanded coverage: Chubb clients who are eligible for this coverage will now have added protection from losses that result from freshwater occurrences such as overflow of natural or artificial inland waters, mudflow and collapse of land along a body of water.
Enhanced protection: Not only does the Overland Water solution cover the replacement costs of the home, but will also pay to restore Chubb clients’ unique finishes and built-in features such as custom millwork, designer appliances, and repurchase contents like TVs and home theatre systems, pool tables, and exercise equipment.
Peace of mind: This coverage will offer the same legendary claims service that Chubb clients are accustomed to receiving from their Masterpiece policies. If Chubb clients cannot stay in their home during rebuilding or repairs, Chubb will make sure that its additional living expense coverage applies so that replacement accommodations are secured while their home is being restored.