Chubb · compared independently · advice from Finass
Masterpiece insurance through Chubb
Masterpiece insures your home, contents and valuables together, with art, jewellery and collections covered on the basis of a valuation instead of through the sub-limits of an ordinary home contents insurance (inboedelverzekering).
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 for yourself what it would cost.
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
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
A standard contents policy works with maximum amounts per category. As soon as a jewellery collection, a painting or a wine cellar exceeds those maximums, the cover is security on paper only. This form turns that around: the items are valued and specified individually, and that recorded value is the starting point when there is a claim.
The second feature is the scope. Valued items are generally covered not only in the home but outside it as well &mdash. On the move, at the jeweller's, in a bank vault or during an exhibition. On the other hand, insurers in this segment set stricter requirements as to security, use of a safe and the information provided at the outset.
The structure of the cover in three parts, with an overview per situation below.
Basic cover
The basic cover insures the core of your Masterpiece insurance. We show what Chubb and other insurers offer within it.
Fire & lightning strike
Burglary & theft at home
Explosion & smoke
Water damage at home
Extended cover
As well as the basic cover, also protection against loss, damage and theft away from home, including from external causes.
Theft outside the home
Loss
Damage from dropping or knocking
Valuation & appraisal
Comprehensive worldwide
The most complete cover. We compare Chubb's extended version with the market.
New-for-old settlement
All risks: any sudden damage
Worldwide cover
Disappearance without a cause
What is covered
What we do
At Finass
Direct with Ansvar
Comparison across several insurers
Yes
No
Advice based on your own situation
Yes
Provided it is declared
One point of contact for claims
Yes
Provided it is declared
Cancellation with your current insurer arranged
Yes
No
We determine whether Ansvar is the best choice
Yes
No
Advice fees for you as a customer
No
No
What we do
What we do
At Finass
Direct with Chubb
Comparison across several insurers
Yes
No
Advice based on your own situation
Yes
Sometimes
One point of contact for claims
Yes
Sometimes
Cancellation with your current insurer arranged
Yes
No
We determine whether Chubb is the best choice
Yes
No
Advice fees for you as a customer
No
No
This overview concerns our service, not the cover. What is actually covered is set out in the policy conditions and on the insurer's insurance card (verzekeringskaart); you receive both before you take out cover.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
Valued items instead of sub-limits
Every valuable item is given its own valuation and its own line on the policy. That removes any argument about the value after the event and eliminates the risk of underinsurance on that item. The report does have to be up to date: if you buy more, have something restored or the market moves, have it revalued. Article 7:960 of the Dutch Civil Code continues to apply, so here too you never receive more than your actual loss.
Cover inside and outside the home
Valued items generally follow the item itself: at home, in the safe, on the way to a valuer or on loan to an exhibition. What is not paid for is just as important: gradual deterioration, discolouration through light, damp and insects, damage during restoration or cleaning by a third party, and inherent defect. For items prone to breakage there is often a separate provision on transport and packing.
The building: construction type and rebuilding
In this segment the properties often have an unusual construction type: thatched roofs, listed features, handmade window frames. Rebuilding with equivalent materials costs a multiple of standard construction, and the buildings sum insured must be matched to that. Insurers therefore set requirements as to the state of maintenance, the electrical installation and lightning protection. Deferred maintenance is a ground for exclusion, not a detail in the small print.
Security, absence and the information given in advance
Clauses attach to the policy: a certified alarm with remote signalling, jewellery in the safe overnight or during absences, and a duty to report a long period of vacancy or a stay elsewhere. If a clause is not complied with, the payout is open to question. Incorrect or incomplete information at the outset (about earlier claims, security or occupancy) falls under Articles 7:928 and 7:930 of the Dutch Civil Code.
Theft & loss
New for old
What does your premium depend on?
Total valued amount of the valuables. The sum of specified art, jewellery and collections carries the most weight.
Rebuild value and construction type of the home. Thatch, listed status and unusual materials increase the rebuilding costs.
Security level. An alarm with remote signalling, the safe classification and camera surveillance are taken into account in the assessment.
Occupancy pattern. A second home or long periods of absence increase the burglary risk.
Territorial scope for the valuables. In the home only, within the Netherlands, or worldwide including loans and exhibitions.
Nature of the collection and the excess. Items prone to breakage, portable or hard to replace, and the amount you choose to bear yourself.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Because the value is then established before the loss. Without a valuation you have to show after the event what a ring or painting that has gone was worth, using purchase invoices that are often missing or out of date. With a valuation report that is recorded and there is no underinsurance on that item. Have reports renewed periodically, certainly for precious metals and art.
What is the difference with ordinary home contents insurance?
An ordinary policy covers the whole contents under one amount with low maximums per category of valuables. Here the valuable items are specified and valued separately, usually with wider cover outside the home. For an average household that is unnecessary. In that case all you need is the Allianz home contents insurance.
Is my jewellery covered when I take it away on a trip?
With valued items it usually is, because the cover follows the item rather than the home. Note the safe clause in hotels and the exclusion for items left unattended and for checked baggage. If you travel a lot, we look at this together with your travel insurance, so that the covers fit together.
Do I really have to declare every item separately?
Not everything. Ordinary household effects are included under a total amount; specification is intended for items exceeding the sub-limit of a normal policy. In practice this means jewellery, watches, art, antiques, musical instruments and collections. We draw up the list with you and keep it up to date after a purchase or sale.
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
