Chubb home insurance review: Robust coverage for high-value homes
Chubb home insurance is designed for luxury properties, offering premier coverage options, cash-out claim settlements, and complimentary private wildfire defense services.
Kara McGinleyKara McGinleySenior Editor & Licensed Home Insurance ExpertKara McGinley is a former senior editor and licensed home insurance expert at Policygenius, where she specialized in homeowners and renters insurance. As a journalist and as an insurance expert, her work and insights have been featured in Forbes Advisor, Kiplinger, Lifehacker, MSN, WRAL.com, and elsewhere.
Jennifer GimbelJennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor and home insurance expert at Policygenius, where she oversees our homeowners insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.
Our proprietary ratings methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the “Ratings methodology” section for more details.
AM Best rating
A.M. Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
The bottom line
Chubb home insurance is ideal for high-value properties, offering robust policy add-ons like replacement cost coverage for your home and belongings, advanced digital tools, and a personalized loss-settlement process if you need to file a claim. It’s an especially great option if you live in an area that's at high risk for wildfire damage — offering complimentary wildfire defense services.
Chubb home insurance policies also include complimentary home inspections using its HomeScan technology to detect potential issues going on behind your home’s walls or ceilings. This top-of-the-line technology and complimentary service make Chubb one of the best insurers for homeowners with valuable assets.
Water backup coverage: Pays for water damage caused by sump pump, drainage, or sewer backups — this is typically excluded from standard home insurance coverage.
Equipment breakdown coverage: Offers up to $500,000 in coverage to repair or replace AC systems, appliances, personal computers, and other equipment that break down due to mechanical or electrical failure.
HomeScan: Pays for high-tech home inspections to help detect potential issues in your home.
Cyber-bullying insurance: Covers counseling and added security measures if your child is the victim of a cyberbully or is the one doing the bullying.
Flood insurance: Get up to $15 million in coverage for your home and belongings through a Chubb private flood insurance policy.
Personal umbrella insurance: Provides up to $100 million in additional liability protection for expensive medical or legal bills you’re found legally responsible for.
Condo insurance: Purchased as a supplement to your condo association’s master policy, condo insurance covers your personal belongings, the interior structure of your condo unit, and personal liability.
Renters insurance: Includes coverage for the personal belongings in your rental home or apartment against fire, vandalism, theft, windstorms, and water damage, as well as personal liability and loss of use coverage.
Chubb does well on our price rating scale thanks to its slew of smart home, security, and multi-policy discounts it offers homeowners. This score doesn’t factor in the average cost of a Chubb homeowners insurance policy, since it varies so widely depending on the home’s rebuild value, location, features, and more.
Chubb earns a respectable score on our customer experience rating scale. While it scores below average for overall customer satisfaction on a 2022 J.D. Power survey, it had fewer complaints than other home insurance companies in 2021, according to the National Association of Insurance Commissioners (NAIC) National Complaint Index Report.
Chubb scores slightly above-average on our coverage options rating scale thanks to its high policy limits and array of coverage add-ons, including wildfire and hurricane mitigation services, extended replacement cost coverage, private flood insurance with up to $15 million in coverage, personal umbrella insurance up to $100 million, and more.
Chubb scores highest on our financial strength rating scale due to its superior rating of A++ from AM Best — the highest score available — and solid AA rating from Standard and Poor's.
How much does Chubb home insurance cost?
Because Chubb is designed for high-value properties, rates vary widely based on where your home is located, its rebuild value, custom features and fixtures, and the wealth of unique artwork, jewelry, and other high-value assets you have to insure.
Compare home insurance quotes with Chubb & other top insurers
Chubb is the ninth largest homeowners insurance company in the country, making up 2.68% of the market share. Chubb is also known as a premier carrier thanks to its enhanced coverage options for homeowners living in high-risk areas. The insurer offers complimentary services to help mitigate weather risk, like wildfires and hurricanes, and offers discounts if you fortify your home against such risks.
What insurance companies are comparable to Chubb?
Chubb is comparable to other luxury insurance carriers, like AIG and Nationwide Private Client.
Does Chubb write homeowners insurance in Florida?
Yes, Chubb writes homeowners insurance in Florida, but coverage may depend on the type of home you have, your claims history, and where your home is located.
Kara McGinley is a former senior editor and licensed home insurance expert at Policygenius, where she specialized in homeowners and renters insurance. As a journalist and as an insurance expert, her work and insights have been featured in Forbes Advisor, Kiplinger, Lifehacker, MSN, WRAL.com, and elsewhere.
Jennifer Gimbel is a senior managing editor and home insurance expert at Policygenius, where she oversees our homeowners insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.