Chubb Insurance Group expands coverages for auto policies

Chubb InsuranceThe Chubb Group Insurance will be adding to, and expanding, aspects of their automotive policies. Customers in four states can now take advantage of pet coverage that was added to their auto policies. The additional coverage will help to pay for medical treatment the pet may require if it is in the vehicle when the owner is involved in an accident.

The Chubb Group is also raising the limit on loss-of-use coverage, and broadening the lease (GAP) coverage. Additionally, they are adding replacement cost coverage on new vehicles; if an accident occurs within the first year, after you purchase a new car, if that car is totaled, you can purchase another vehicle of equal value, with no deductible, and no other costs out of pocket from you.  

The Chubb Group of Insurance Company began as Chubb & Son, in 1882. They started out underwriting policies for ships and cargo in the seaport district of New York City. After 85 years in business, they formed the Chubb Corporation, and by 1984, they were being listed by the New York Stock Exchange.

The company has held firm to the core values they started with more than 125 years ago; “Never compromise integrity”, treat people as you would want to be treated, be fair, and pay claims quickly. Practicing these values in business has helped them to establish company’s in 27 countries worldwide, and staff more than 10 thousand employees.

Standard & Poor, Moody’s and A.M. Best Company have consistently rated the company’s financial strength as strong, and superior, with A++ ratings, for more than 50 years. The Chubb Group has received numerous U.S. and international awards, including the S&P 500 “Dividend Aristocrat” award, for 2007 through 2010. This award goes to companies that have increased dividends every year, for at least 25 years.

The Chubb Group Insurance offers several types of homeowner policies, including Vacation homes, Condo, Co-op and Renter’s insurance. They have a wide range of automotive policies, as well as, policies for Yacht’s, Art & Jewelry, Property, Casualty, and Business insurance with Professional & Management Liability.

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