Chubb’s Masterpiece Homeowners Insurance policy includes coverage for your home and property, including outbuildings and pools, as well as for your belongings. Its policies cover damage from fire, smoke, theft, vandalism, and bad weather, including hail, wind, and lightning. Guest medical and personal liability coverage also are included, as is loss-of-use insurance in the event that a covered peril forces you and your family to relocate temporarily.
Unlike some insurance companies in our Best Home Insurance Companies rating, Chubb’s Masterpiece policy also includes standard coverage for water backup from interior drains and sewers. Depending on the state you’re in, you may also be eligible for wildfire defense services that can help mitigate the risk of loss.
Chubb offers a variety of coverage add-ons you may want to consider. Not all extras are available in all areas; an agent or broker near you can provide details.
Earthquake coverage: Protection to help you prepare for and recover from an earthquake.
Flood coverage: Up to $15 million in total property coverage if your home is flooded.
Valuable articles: Available to cover jewelry, antiques, artwork, and other high-value items that exceed standard policy limits.
Costs vary widely based on a variety of factors. To find out how much a Chubb home insurance policy would cost, you’ll need to speak with an independent agent. You can find a local agent using the Chubb website.
Chubb offers several options to help reduce the cost of a homeowners insurance policy, but not all discounts are available in every state. Talk to a local agent about discounts that you may qualify for.
Multi-policy discount: Combining homeowners insurance with car insurance, life insurance, or other insurance can reduce your overall insurance costs by up to 10%.
New or renovated home: Chubb offers a discount for a renovated home and on new and recently built dwellings.
Fire and security discounts: A home security system, fire alarm, sprinkler system, fire-resistant construction, and other protective upgrades can earn you discounts with Chubb.
Claim-free discount: Three or more years with no claims can save you up to 10%.
Backup generator discount: A permanently installed backup generator may entitle you to a discount.
Chubb only sells homeowners insurance through independent agents. To find one near you, visit Chubb’s website and click “Get a Quote.” You will then see a list of agents and their contact information based on your location, or you can browse by state.
Before contacting an agent, it is worth determining the amount of coverage you will need by estimating how much it will cost to rebuild your home and replace all of your personal property. You will also want to find out if you need flood insurance or if earthquake insurance is recommended for your home as these are extra coverages Chubb offers.
Steps to buying a Chubb homeowners insurance policy:
Visit Chubb’s website to find a local agent.
Contact the agent and provide them with your property address and the date you would like coverage to start.
You will be able to buy your policy directly through the agent and then you can manage it online or in Chubb’s mobile app.
Chubb recommends you file your homeowners insurance claim as soon as possible following the damage. You will need your policy number, the date of the incident, and details of what happened.
To file a home insurance claim with Chubb:
Contact the police if there has been a crime committed.
Take steps to protect your property from further damage, such as shutting off the water after a plumbing leak or securing your home after a burglary.
Contact Chubb by calling the claims line, contacting your agent, or filing a claim online.
Document the damage to your property with photos and video where relevant, and download any home security camera footage you might have captured.
Chubb says a claims expert should contact you within six hours of you reporting the loss to gather more information and discuss your next steps.
Why You Can Trust Us: 14 Homeowners Insurance Companies Researched
At U.S. News & World Report, we rank the Best Hospitals, Best Colleges, and Best Cars to guide readers through some of life’s most complicated decisions. Our 360 Reviews team draws on this same unbiased approach to rate the products that you use every day. To build our ratings, we researched more than 14 homeowners insurance companies and insurance agencies and analyzed 12 reviews from professionals. Our 360 Reviews team does not take samples, gifts, or loans of products or services we review. All sample products provided for review are donated after review. In addition, we maintain a separate business team that has no influence over our methodology or recommendations.
To get comparative insurance rates for this study, U.S. News worked with Quadrant Information Services to analyze a report of insurance rates in all 50 states from most of the largest national home insurance companies and agencies, though not every company operates in every state. Quadrant obtained publicly available rate data that home insurers file with state regulators. The insurance rates in our study are based on sample rates for a 47-year-old, married applicant household with a 728 FICO credit score. The rates were obtained for a HO3 policy covering a wood frame house with 10% Other Structures Coverage, 20% Loss of Use Coverage, 50% Personal Property Coverage, and a guest medical limit of $5,000.
We analyzed several different coverage sets, including dwelling coverages of $200,000, $300,000, $400,000, $500,000, $600,000, and 80% coverage of average home values in a given state, alongside $100,000 and $300,000 liability limits per level of dwelling coverage. Average home costs in each state were determined using Zillow Home Value Index data as of March 1, 2024.
Key Takeaways:
Chubb is available nationwide in every state and the District of Columbia.
It offers its own private flood insurance alternative to the NFIP.
Its Masterpiece Homeowners policy comes with replacement cost and water backup as standard.
Chubb offers Chubb Masterpiece Homeowners Coverage, which comes with replacement cost coverage, risk consulting, cash settlement, and water backup. This compares favorably to other carriers, for which many of these coverages come as optional.
If you live in a flood zone or want to buy flood insurance for another reason, be aware that Chubb offers its own flood insurance with up to $15 million in dwelling and personal property coverage. A flood insurance policy through the National Flood Insurance Program (NFIP) only covers up to $250,000 in dwelling and $100,000 in personal property.
Additionally, Chubb requires you to work through an agent to get a quote or open a policy, so it may not be a great fit for people who want to do everything online.
While the cost of a Chubb homeowners insurance policy will vary depending on your specific situation, Chubb offers several discounts including a multi-policy discount, new or renovated home discount, a discount for having a home security system, fire alarm, sprinkler system or fire-resistant construction and a claim-free discount.
Chubb also has received the top rating of A++ from AM Best, an independent company that rates insurance carriers.
