Masterpiece Home Appraisal Service

Chubb understands the complexity of rebuilding custom, architecturally unique and historic homes.

When you purchase a Masterpiece policy, one of Chubb’s Risk Consultants will visit your property to make sure you have the right coverage for your home, as well as assist with security and loss prevention advice and offer suggestions to protect your valuables from damage and theft.

Appraisal Service

What to expect during a Masterpiece Home Appraisal visit

With over 1,500 appraisals completed every year in Australia and New Zealand, our experts Risk Consultants are able to thoroughly appraise your property. During your visit, one of our Risk Consultants will:

Note the type and quality of materials used in your home’s construction and interiors

Record any architectural features unique to your home

Gather measurements and photographs to accurately estimate the cost to rebuild

Review the home’s fire detection and other safety and security features

Evaluate external structures and landscaping (for consideration in accordance with your Chubb policy)

Undertake a high-level check of the home’s plumbing to identify things such as flexible hoses, which could pose an increased risk of internal water damage

How does a Masterpiece Home Appraisal work?

When you purchase a Chubb Masterpiece policy, you may be eligible for a personal home appraisal free of charge. The nature of the appraisal, whether it is an external assessment or a full home appraisal, will depend on the sum insured and location of the property.

Each Risk Consultant has the expertise required to assess the architectural features unique to your home both inside and out. They estimate the replacement value of all features and take into account rarity of materials, unique design features and the need for skilled craftsmanship.

The in-depth process typically takes around an hour, but may extend to a few hours for larger properties. Afterwards, you will receive an appraisal report that may include photographs of key features.

Advice

What type of advice will you recieve?

Chubb's Risk Consultants stay updated on claims trends and causes of large losses, working alongside our claims staff. Key areas of advice and tips include:

Home Safes:

Use a cash-rated safe that meets the required standards.

The safe should have a minimum cash rating equal to 10% of your jewellery's

External Water Damage

Regularly clean roof gutters and surface drains.

Trim tree branches that hang over the roof and have the roof professionally

Internal Water Damage

Know where your water meter is located.

Turn off the water when you're away and regularly inspect and replace flexi-hoses.

Fire Protection

Ensure smoke alarms are correctly installed and positioned.

Connect smoke alarms to a monitored security alarm and keep a domestic fire extinguisher and fire blanket accessible.

Fine Art

Store or display artwork away from sunlight, heat, water, or impact.

Take precautions to protect artwork from potential damage

Meet the team

Meet your dedicated risk consultants

At Chubb, we have dedicated state based risk consultants who will come out to undertake an appraisal of your property.

Tom Watson

Risk Consultant, NZ

Mark Treppo

Risk Consultant Manager, A&NZ

Dean Pell

Senior Risk Consultant, VIC

Samuel Pearce

Risk Consultant, NSW

Steve Dobson

Risk Consultant, WA

Craig Boal

Risk Consultant, QLD

Frequently Asked Questions

No. This is an insurance replacement cost valuation only. A replacement cost valuation is based on the cost to rebuild your home with similar quality materials and craftsmanship to that which existed before the loss. It takes no account of land value (it is not an appraisal to obtain the market value). Market value, on the other hand, is essentially the sale price of a property. This includes the value of the land, the house and any other site improvements. Factors that can influence market value include location, views, proximity to schools, shops and transportation, and the condition and style of a house.

Preferably someone living at the home should be present to assist with answering some personalised questions, however this can be done via a follow up phone call post the visit if you are unable to attend on the day.

In order for Extended Replacement Cost to be provided it is a requirement of the policy to accept any Building Sum Insured adjustment following the appraisal and a pro rata extra and/or return premium may be generated depending on the amount of sum insured change.

After the inspection, a comprehensive report will be sent to you via your insurance broker or intermediary. The report will provide a detailed summary of your home including the estimated replacement cost and any loss prevention advice.

The entire process is handled by Chubb and your insurance broker or intermediary to ensure that your information is handled in a discreet manner.

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Ready to find out more?

Have a question or need more information? Contact us to find out how we can help you get covered against potential risks