Collector car owners may find it challenging to safely store their vehicles. They can’t stow them away in a safe like jewelry or rare coins. But their collections are every bit as valuable, and often more so.
Now, a new loss prevention service from the Chubb Group of Insurance Companies is helping collector car customers better safeguard their investments.
To help identify potential hazards at collector car storage facilities, Chubb’s loss prevention specialists are using infrared thermography to scan walls for thermal anomalies that could indicate overheated electrical wiring, leaking water pipes or structural deficiencies.
The specialists also inspect mechanical and plumbing systems and fire- and burglar-alarm systems, as well as provide local catastrophe assessments and suggestions to help minimize losses from earthquake, wildfire, flood and hurricane in areas prone to those exposures.
Their findings and recommendations are provided to policyholders in a report which includes a description of the facility and photos.
“Collector car owners are passionate about their hobby, and many have invested significant time and money in restoring and preserving their vehicles,” said Scott Spencer, senior vice president and worldwide appraisal and loss prevention manager at Chubb Personal Insurance. “Chubb’s new loss prevention service helps these car enthusiasts protect their vehicles from fire, water damage and other hazards.”
The service typically is available to Chubb customers who have insured a collector car worth at least $500,000 or a collection worth at least $1 million. To see a video about the service, go to http://bit.ly/chubbautostorageappraisal. To learn more about Chubb’s classic car insurance, visit chubbcollectorcar.com.
The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers. Chubb’s global network includes branches and affiliates in North America, Europe, Latin America, Asia and Australia. Chubb is a worldwide leader in insuring fine homes, automobiles, yachts, antiques, classic cars and other collectibles, and