High-value · High net worth · Home · NH, MA + CT
- Short answer: Chubb is one of the strongest choices for high-value homes in New England. AM Best rates its insurance subsidiaries A++ (Superior) and calls Chubb a market leader in personal lines insurance for high-net-worth customers.
- Chubb has focused on high-net-worth clients since 1976 and launched its Masterpiece policy in 1986. It sells only through independent agents and brokers.
- Masterpiece homeowners coverage includes extended replacement cost, a cash settlement option after a covered total loss, a home appraisal included with the policy and, in most states, a deductible waiver on large losses.
- At Portsmouth Atlantic, Chubb is for high-value homes. Cincinnati and Chubb both write homes at any dwelling limit, so we quote both. Under about $2 million, almost all of our carriers can fit.
- Flood needs a separate policy, and Chubb auto has to be written with other Chubb coverage. Terms vary by state and policy, so we confirm details for every NH, MA and CT home before we quote.
Is Chubb a good insurance company for a high-value home? For many families with larger or custom homes in New Hampshire, Massachusetts and Connecticut, yes. Chubb is the carrier other high-value insurers tend to be measured against. It is also not the right fit for every home, and this review covers both sides. Portsmouth Atlantic Insurance places Chubb from our office in Portsmouth, NH. We serve Connecticut from our Connecticut office and by phone, email and online. Below is an independent agent’s answer to the questions people ask most about Chubb, with links to Chubb’s own pages and AM Best so you can check each point.
Is Chubb a good insurance company?
Yes, on the measure that matters most for a large claim: financial strength. AM Best rates the grouped insurance subsidiaries of Chubb Limited A++ (Superior), its highest financial strength rating, with long-term issuer credit ratings of aa+ (Superior). AM Best affirmed those ratings on January 16, 2026, with a stable outlook, assessed Chubb’s balance sheet strength as strongest, and described Chubb as a market leader in U.S. personal lines insurance for high-net-worth customers (AM Best press release).
Chubb’s roots go back to 1882, when Thomas Caldecot Chubb and his son Percy opened a marine underwriting business in New York City. Chubb formed a personal lines department in 1956, began explicitly serving high-net-worth clients in 1976 and launched its Masterpiece policy in 1986. The company took its present form in 2016, when ACE Limited acquired the Chubb Corporation and adopted the Chubb name (Chubb, Our History).
Is Chubb good for high-value homes in New England?
For larger, older and coastal homes, Chubb’s coverage lines up well with what we see across New Hampshire, Massachusetts and Connecticut. Here is why, in our own words:
- Older and historic homes. Chubb says its homeowners policy is designed to help you rebuild with like design, materials and workmanship, such as plaster moldings, antique flooring, period hardware and matching brick and cornices, and that you may choose your own contractor, including a historic restoration specialist (Chubb, Your home’s replacement cost). Chubb’s guide to older and historic homes covers code upgrades, slate and copper roofs, and historic district rules.
- Coastal wind and storms. Chubb homeowners coverage includes wind and severe weather as covered perils (Chubb), and Chubb publishes wind and storm guidance on roof-to-foundation connectors, impact-rated openings and elevating mechanical systems above flood levels. Flood is a separate policy (more below).
- Second homes and winter vacancy. Chubb recommends keeping an unoccupied home at 55°F or higher, winterizing water lines and testing backup generators weekly (Chubb, Vacant but protected). That fits lake houses and Seacoast homes that sit empty for part of the winter.
- Wells, generators and complex systems. Chubb’s equipment breakdown coverage can cover well pumps, permanently installed generators and transfer switches, heating and cooling, and home automation.
- Rebuilding costs that keep climbing. Chubb applies an annual Construction Cost Adjustment Factor to help dwelling coverage keep pace with construction costs, using industry sources and its own claims data (Chubb).
If your home is on the water, read our guides to coastal home insurance in New Hampshire and coastal Massachusetts high-value home insurance for how wind deductibles and flood fit together.
What does Chubb Masterpiece homeowners insurance cover?
Chubb’s high value homeowners page lists these features. Exact terms, limits and availability vary by state and policy.
- Extended replacement cost. After a covered loss, Chubb will pay to repair or rebuild your home to its original condition even if the cost exceeds your policy limit, including upgrades required by modern building codes.
- Cash settlement option. After a covered total loss, if you decide not to rebuild, or to rebuild somewhere else, Chubb offers a cash settlement up to your policy limit.
- Home appraisal included. A Chubb risk consultant visits to document the details that drive your rebuilding cost and can offer security and fire prevention advice.
- Contents at replacement cost. Belongings are covered for what it costs to replace them today, without deduction for depreciation, up to your limit, and upgraded appliances are replaced with the exact or latest model.
- Temporary living arrangements. If a covered loss makes the home unlivable, Chubb helps you find a comparable place to stay, such as a similar home in your school district if one is available, or a suitable hotel.
- Deductible waiver on large losses. Chubb says that in most states, if your base deductible is $50,000 or less and a covered loss exceeds $100,000, it will waive the deductible.
- HomeScan and loss prevention. Chubb’s HomeScan service uses infrared technology to look for leaks, missing insulation and faulty electrical connections behind walls, and Chubb includes some loss prevention services with the policy and offers others at discounted rates.
Chubb also writes condo and co-op coverage, including additions and alterations coverage for upgraded kitchens and built-ins and an in-home assessment included with the policy. We review it against the association’s master policy and bylaws.
How does Chubb set and update dwelling coverage?
Chubb builds your dwelling limit from replacement cost, not market value. It says its home assessments review the foundation, framing, roof, plumbing, finishes and outbuildings, and that it draws on more than 1,000 contractor interviews a year plus quarterly and annual regional cost assessments. Each year it applies a Construction Cost Adjustment Factor, and it factors in costs beyond basic labor and materials, such as code compliance, client choice of contractor and custom finishes (Chubb, Your home’s replacement cost).
An annual adjustment is not a substitute for a real review. If you have renovated, added a wing or upgraded finishes, tell us. Our guide to insurance on a $2 million home explains how we look at dwelling limits.
“With rising inflation, dwelling replacement costs have gone up, and the goalposts have shifted. The dwelling coverage a high-value home needs now is much higher than it was. The upside is that carriers are expanding their appetite for higher-value homes, so homeowners have more good choices.”— Jon Merwin, Founder and CEO, Licensed Insurance Advisor, Portsmouth Atlantic Insurance
Does Chubb homeowners insurance cover flood and coastal storms?
Wind, yes. Flood, no. Chubb says its homeowners policy covers physical loss from perils such as fire, wind, severe weather, theft, vandalism and interior water damage, and that flood damage calls for a separate policy (Chubb). On the coast, also check how your wind or named-storm deductible works, since that varies by state and location.
For homes in Rye, New Castle, Hampton, Marblehead, Cohasset or along Long Island Sound, we quote flood at the same time as the Chubb home policy so there is no gap. See our guides to New Hampshire coastal homes, coastal Massachusetts high-value homes and coastal Connecticut flood and wind.
Does Chubb insure jewelry, art and wine?
Yes, on a separate Valuable Articles policy, because a standard homeowners policy usually has tight limits for these items. Chubb says jewelry is protected against most types of loss anywhere in the world with no deductible. For fine art, Chubb says it covers most losses with no deductible, requires appraisals only for individual pieces valued at $500,000 or more, offers agreed value on covered total losses, covers newly acquired art for up to 90 days, and can pay up to 150 percent of the itemized amount when market value has risen. You can insure a collection on a blanket basis, itemize pieces, or both. Terms vary by state and policy.
Does Chubb insure yachts?
Yes. Chubb’s Masterpiece Yacht policy is written for pleasure yachts 36 feet or longer, with a Yacht Preference policy for larger captained vessels. Chubb lists agreed value with no deductible on a total loss, repairs without depreciation for most partial losses, marinas and yacht clubs as additional insureds, Oil Pollution Act coverage, Jones Act coverage for paid crew, uninsured boater coverage, emergency towing and search and rescue. Eligibility and survey requirements vary by vessel and state. See our boat insurance page.
Can you get Chubb auto insurance on its own?
Not through us. We can place Chubb auto, but Chubb wants it written alongside your other Chubb coverage, such as a Masterpiece home policy, rather than as a standalone auto policy. If you only need high-value auto, we usually look to Hagerty, Hanover or Progressive. Cincinnati auto is also available when it is packaged with a Cincinnati home or other Cincinnati policies.
When it is on the same account, Chubb says its auto coverage always pays for original equipment manufacturer (OEM) parts after a covered accident, offers coverage where your car’s value is set before a loss, has no per-day limit on a substitute rental car up to an overall cap, and has Collision Repair Experts who oversee repairs. Chubb also says it ranked first among national U.S. auto insurers for the seventh year in a row on CRASH Network’s 2026 Insurer Report Card, a survey of collision repair professionals.
What is Chubb equipment breakdown coverage?
A homeowners policy usually does not pay when a furnace, central air unit or well pump simply fails. Chubb’s equipment breakdown coverage is available to Masterpiece homeowners, condo and co-op policyholders, and for a separate home office building or barn. It pays to repair or replace damaged equipment without depreciation for sudden breakdowns, not normal wear and tear.
- Essential covers permanently installed equipment: heating and cooling, appliances, water heaters, pool equipment, well pumps, permanently installed generators and transfer switches, and home automation and security systems.
- Enhanced adds equipment like personal computers and small countertop appliances when you also carry Masterpiece contents coverage.
How do Chubb claims work?
You can report a claim through your agent or directly to Chubb at 1-800-CLAIMS-0 (1-800-252-4670) (Chubb, Report a Claim). Chubb’s history page notes that after Superstorm Sandy in 2012 it settled the largest number of claims in company history (Chubb). For condo and co-op claims, Chubb says its adjusters are trained to respond within 24 hours (Chubb). We help our clients report claims and follow up until they are resolved.
Chubb vs. Cincinnati and other high-value carriers: which fits your home?
Chubb is not our default for every larger home. Openly and National General write homes up to about $5 million among the carriers we work with. Cincinnati and Chubb both write homes at any dwelling limit, so we quote both. Under about $2 million, almost all of the 40+ carriers we work with can fit, so we shop the home broadly.
| Carrier | Where it fits for our clients | What stands out | Auto | Learn more |
|---|---|---|---|---|
| Chubb | One of two similar high-value carriers we quote at any dwelling limit (with Cincinnati) | AM Best A++ (Superior); extended replacement cost; cash settlement option; home appraisal included; valuables, yacht and equipment breakdown coverage | Only when written with other Chubb coverage | This review |
| Cincinnati | One of two similar high-value carriers we quote at any dwelling limit (with Chubb) | AM Best A+ (Superior); Capstone home, condo and auto forms; Private Client program for home, cars, valuables and boats | Only when packaged with a Cincinnati home or other Cincinnati policies | Cincinnati review |
| Openly | Homes up to about $5 million | One of the carriers we compare for high-value homes below the $5 million range | Ask us | Best high-value home insurance companies |
| National General | Homes up to about $5 million | One of the carriers we compare for high-value homes below the $5 million range | Ask us | Best high-value home insurance companies |
Read our Cincinnati Insurance review for the similar high-value carrier we quote alongside Chubb, and our Andover Companies review to see how a New England mutual insurer compares.
Who should not choose Chubb?
- Homeowners who want a basic, no-frills policy. Chubb is built for high-value homes and broad coverage, so for a simpler home another carrier is often the better match.
- Drivers who only want auto. Chubb wants auto written with other Chubb coverage. For standalone high-value auto, we look to Hagerty, Hanover or Progressive.
- People who want to buy online, direct. Chubb sells only through independent agents and brokers.
- Owners who would rather skip an inspection. High-value homes go through underwriting, and Chubb’s coverage is built around a home appraisal by a risk consultant.
- Anyone expecting flood on the home policy. Chubb homeowners does not include flood; you need a separate flood policy with Chubb or any other carrier.
What are Chubb’s pros and cons?
| Pros | Cons |
|---|---|
| AM Best A++ (Superior), its highest financial strength rating | Sold only through agents and brokers, so there is no buy-it-yourself option |
| Extended replacement cost and a cash settlement option on Masterpiece homeowners | High-value homes go through underwriting and usually need a home appraisal before a policy is issued |
| Home appraisal included, plus HomeScan and loss prevention services | Some features vary or are unavailable in certain states, so NH, MA and CT terms need a line-by-line review |
| Dedicated valuables, yacht and equipment breakdown coverage | Chubb auto has to be written with other Chubb coverage, not as standalone auto |
| Deductible waiver on large covered losses in most states | Built for high-value homes, so a smaller home usually fits another carrier better |
We’ll review your current coverage and show you how Chubb compares with Cincinnati and our other high-value carriers.
Call our team: (603) 431-4020 · Start a high-value home insurance quote
How do you get a Chubb quote in New Hampshire, Massachusetts or Connecticut?
Through an independent agent. Portsmouth Atlantic Insurance was founded in 2005, is family-owned, is licensed in 10 states and works with 40+ carriers. We are New Hampshire’s highest-rated agency on Google, with 1,000+ Google reviews and over 2,000 testimonials. See how we compare in our guide to the independent insurance agencies in New England.
New Hampshire
Homeowners in Portsmouth, Rye and New Castle work with our Portsmouth office. Older homes, wells and coastal exposure all shape how we set up a Chubb policy here. See high-value home insurance in New Hampshire.
Massachusetts
On the North Shore and South Shore, waterfront homes often need Chubb’s home, valuables and yacht coverage together with a separate flood policy. See coastal Massachusetts high-value home insurance.
Connecticut
We serve Connecticut from our Connecticut office and by phone, email and online. We work with families in Greenwich, Darien and New Canaan, where waterfront homes, art collections and boats often go on one Chubb account. See luxury home insurance in Fairfield County.
Frequently asked questions
Is Chubb worth it for a high-value home?
For many high-net-worth families, yes. AM Best rates Chubb’s insurance subsidiaries A++ (Superior), its highest financial strength rating, and Chubb’s Masterpiece homeowners coverage includes extended replacement cost, a cash settlement option after a covered total loss and a home appraisal included with the policy. For homes under about $2 million, almost all of the carriers we work with can fit, so we compare Chubb with the rest of the market.
Who is Chubb insurance best for?
Chubb is best for owners of high-value and custom homes who also want collections, yachts and home systems covered with the same carrier. At Portsmouth Atlantic, Cincinnati and Chubb both write homes at any dwelling limit, so we quote both.
Can I buy Chubb insurance directly from Chubb?
No. Chubb sells its homeowners insurance for individuals and families through independent agents and brokers, such as Portsmouth Atlantic Insurance.
What is Chubb Masterpiece?
Masterpiece is Chubb’s personal insurance line for individuals and families. Chubb launched the Masterpiece policy in 1986, and today the name covers its homeowners, condo and co-op, contents, yacht and equipment breakdown coverage.
Does Chubb homeowners insurance cover flood?
Chubb homeowners insurance covers perils such as fire, wind, severe weather, theft and interior water damage, but Chubb says flood damage needs a separate policy. For coastal homes in New Hampshire, Massachusetts and Connecticut, we quote flood alongside the Chubb home policy.
Is Chubb or Cincinnati better for a high-value home?
It depends on the home. Cincinnati and Chubb both write homes at any dwelling limit. Because we are independent, we can quote both for the same home and show you the differences.
Can I get Chubb auto insurance without a Chubb home policy?
Not through us. Chubb wants its auto written alongside other Chubb coverage, such as a Masterpiece home policy. For standalone high-value auto, we usually look to Hagerty, Hanover or Progressive.
Sources
- Chubb, Our History
- AM Best, AM Best Affirms Credit Ratings of Chubb Limited and Its Subsidiaries (Jan. 16, 2026)
- Chubb, High Value Homeowners Insurance
- Chubb, Your Home’s Replacement Cost
- Chubb, A Guide to Homeowners Insurance for Older or Historic Homes
- Chubb, Protect Your Home From Wind and Wind-Driven Rain
- Chubb, Vacant but Protected: Tips for Safeguarding Vacant Homes
- Chubb, Condo and Co-op Insurance
- Chubb, Valuable Articles Insurance
- Chubb, Fine Arts Insurance
- Chubb, Yacht Insurance
- Chubb, Home Appliance and Equipment Breakdown Coverage
- Chubb, Car Insurance
- Chubb, Report a Claim
This review is general information, not a policy. Coverage, forms and availability vary by state and policy, and every policy is subject to underwriting. Your policy documents control.
Related carrier reviews: Cincinnati Insurance Review (2026) · Andover Companies Review (2026) · High-net-worth insurance
Tell us about your home, collections and boat, and we’ll compare Chubb with our other high-value carriers.
Call our team: (603) 431-4020 · Start a high-value home insurance quote
Portsmouth Atlantic Insurance was founded in 2005 and is family-owned, licensed in 10 states and works with 40+ carriers. We are New Hampshire’s highest-rated agency on Google, with 1,000+ Google reviews and over 2,000 testimonials. Meet our team.