Intermediary services · agreed valuation · worldwide cover
Chubb insurance
Chubb is one of the companies Finass works with. In practice that name comes into the picture for risks that do not fit a standard policy: high values, work across the border, or a combination of the two.
- Several insurers compared objectively
- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
Deze pagina in het Nederlands: Chubb verzekeringen.
Calculate your premium or request a quote
Without obligation; a reply within one working day.
The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert.nl or call 072 - 509 24 56 and we will take it from there.
Work out your own premium with the calculator.
Enter your details; you will receive a proposal within one working day.
- We compare the offerings of several insurers
- An adviser checks whether the cover suits your situation
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
Finass Advies acts as an intermediary and compares objectively what several insurers offer; Chubb is one of them. We first establish which cover you need and then look for the company that meets it best. An application ends up with this insurer when a standard policy is not enough: a home with exceptional contents, an art collection, or a business with premises or customers abroad.
With high values, the conversation turns on the determination of value. A valuation by an expert leads to an agreed valuation: the parties fix the value in advance, so that no dispute arises about it when you claim. That is the counterpart of the indemnity principle in Article 7:960 of the Dutch Civil Code, which provides that a payout may not place you in a clearly better position. Without a valuation the market value at the time of the loss applies, and with jewellery, art and collections that rarely works out well. See also valuables insurance.
The second area is the commercial side: liability, cyber, directors' and officers' liability and international programmes. What a policy actually covers is set out in the policy conditions, which you receive before signing. With English-language conditions and international structures, how they translate into Dutch law is a point to watch in its own right.
This page deals with one situation. The full overview is on Compare personal liability insurance (AVP).
What to look out for
Four points that lead to disputes more often than the premium with this type of policy.
Agreed valuation and how long it remains valid
A valuation report has a limited period of validity, often a few years. Once that period expires, the binding effect lapses and you fall back on the value at the time of the loss. Put the expiry date in your diary and have a fresh valuation carried out, certainly for collections whose market value moves.
Prevention clauses are not a formality
With high values, the policy schedule almost always carries a clause about security : a certified alarm with remote signalling, a safe of a particular grade, or requirements for locks and fittings. If that requirement is not met at the time of the burglary, the insurer may limit or refuse the payout. A clause on the policy schedule takes precedence over the general conditions.
Area of cover and jurisdiction
Worldwide cover is not the same as worldwide jurisdiction. Many policies exclude claims brought before a court in the United States or Canada, or cover them only after an express extension. If you work there, or supply there, that must be on the table when you apply.
What is never covered
Excluded are intent and recklessness (Article 7:952 of the Dutch Civil Code), war risks and nuclear reactions, and wear and tear, inherent defect and deferred maintenance. Also administrative fines and penalty payments fall outside any liability cover: that is a penalty, not compensation for loss. Loss of value because a restored item is worth less than before is by no means always compensated.
What does your premium depend on?
- Insured value — valued or declared, per item and in total
- Nature of the items or activities — art, jewellery or a particular industry
- Security and prevention — alarm, safe, sprinkler or inspections
- Area of cover — the Netherlands, Europe, worldwide, or including the US and Canada
- Excess — per event and sometimes differing per section
- Claims history — the number and nature of earlier claims
Insurers weigh these details differently. That is why comparing pays off.
What is covered
| Situation | Standard contents cover | Valuables policy with a valuation |
|---|---|---|
| An inherited painting disappears during a burglary at your home | Provided that | Yes |
| You lose your wedding ring while on holiday in Italy | No | Yes |
| A watch slips out of your hand onto the tiled bathroom floor | No | Yes |
| The coin collection has risen sharply in value since purchase and is stolen | No | Yes |
| A watercolour fades because it hung in full sunlight for years | No | No |
| Your son takes the system camera on a school trip and drops it | No | Provided that |
Without a valuation report, the value at the time of the loss counts, and with art, jewellery and collections that differs from what you paid.
Frequently asked questions
The questions we are asked most often about this.
Why would I choose a policy from this insurer?
Only if the conditions suit your risk better than those of another company. We compare objectively and the choice follows from your cover requirements, not from the name. With high values, activities abroad or a risk that standard insurers will not accept, that comparison more often comes out this way.
What is the difference between an agreed valuation and a declared value?
With an agreed valuation, a recognised valuer establishes the value and the parties fix it in advance; when you claim, that amount is in principle binding. With a declared value, you name an amount yourself and the loss adjuster only assesses what the item was worth after the loss. You notice that difference above all with unique items for which there is no ready market price.
Do I take out the policy with the insurer or with Finass?
The contract runs between you and the insurer: the insurer issues the policy schedule and pays the claim. Finass advises on the cover, handles the application and represents your interests in changes, renewal and claims handling. Our authorisation, how we are remunerated and where you can make a complaint are set out in our services guide.
Are English-language policy conditions a problem?
Not by definition, but they call for attention. Terms such as occurrence, claims made and aggregate have a fixed meaning that does not always correspond exactly to the Dutch wording. We explain what a provision means in your situation and which law and which court apply to the policy. Always ask for an explanation of the core cover in Dutch.