Chubb Insurance Company of Canada

Chubb Insurance Company of Canada

September 14, 2015 07:00 ET

Chubb Canada Launches Masterpiece® Collector Vehicle Insurance Policy

TORONTO, ONTARIO--(Marketwired - Sept. 14, 2015) - Chubb Insurance Company of Canada has created a specialized insurance policy that addresses the unique needs of collector vehicle owners. The policy is available in Alberta, Ontario and Quebec.

"Collector vehicles are unique investments that require unique insurance protection," said Paul Johnstone, senior vice president of Chubb Canada. "Our new Masterpiece® Collector Vehicle policy addresses the more complex coverage needs of collector vehicle owners."

The policy provides:

  • no kilometer restrictions;
  • a $0 deductible;
  • stolen vehicle reward coverage;
  • coverage for newly acquired vehicles (up to the purchase price for 30 days prior to reporting a purchase to Chubb); and
  • choice of body shop for restoration and repair.

"Our program is truly world-class," said Johnstone, who explained that Chubb has long been a leading insurer of collector vehicles in the United States and United Kingdom. Chubb also sells collector vehicle policies in several other European markets, including Austria, Belgium, Germany, Ireland and the Netherlands, and sponsors several major collector car shows and auctions around the world.

Chubb Canada also offers collector vehicle owners and other customers several insurance products that help protect investments in homes, autos, watercraft, fine art and other valuable possessions.

About Chubb

Since 1882, members of the Chubb Group of Insurance Companies have provided property and casualty insurance products to customers around the globe. These products are offered through a worldwide network of independent agents and brokers. The Chubb Group of Insurance Companies is known for financial strength, underwriting and loss-control expertise, tailoring products for the needs of high-net-worth individuals and commercial customers in niche markets and select industry segments, and outstanding claim service.

The Chubb Group of Insurance Companies is the marketing term used to describe several separately incorporated insurance companies under the common ownership of The Chubb Corporation. The Chubb Corporation is listed on the New York Stock Exchange (NYSE:CB) and, together with its subsidiaries, employs approximately 10,000 people throughout North America, Europe, Latin America, Asia and Australia. For more information regarding The Chubb Corporation, including a listing of the insurers in the Chubb Group of Insurance Companies, visit www.chubb.com.

Chubb Insurance Company of Canada has offices in Toronto, Calgary, Montreal and Vancouver and provides its products and services through licensed insurance brokers across Canada. For additional information, visit www.chubbinsurance.com.

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