Chubb Adds Pet Injury Coverage to Its Auto Policy
Other Enhancements Increase Rental Reimbursement Coverage And Eliminate Out-of-Pocket Costs of Replacing New Cars That Are
WARREN, NJ, February 22, 2011 – The Chubb Group of Insurance Companies is adding up to $2,000 in coverage to its automobile policy for pets injured or
killed in a crash or other covered loss. The policy will help pay to treat, board or replace domestic pets, even if they were
pulled in trailers.
The coverage, now available in Arizona, Maryland, Texas and New Jersey, is one of several key enhancements Chubb plans to
make around the United States to its Masterpiece® Auto PreferenceSM policy.
“Drivers with adequate health insurance know they’ll be protected in case of an auto accident, but pets are often overlooked
members of the family,” said Raymond Crisci, vice president and worldwide automobile product manager for Chubb Personal Insurance.
“Chubb’s pet injury coverage is designed to ensure that our policyholders’ pets get the treatment they need following an accident.”
Chubb also is adding replacement cost coverage for new vehicles to its policy. If a vehicle is totaled as a result of a covered
loss in the first year of ownership, the policyholder will be able to purchase a comparable replacement vehicle with virtually
no out-of-pocket expense.
Loss-of-use coverage, also known as rental reimbursement coverage, is being increased from $5,500 to $15,000, among the most
generous limits available in the marketplace. In addition to paying for a rental car when a vehicle is being repaired after
a covered loss, this coverage can provide reimbursement for transportation (including airline tickets) and lodging if the
loss occurred more than 50 miles from home.
In addition, Chubb is expanding its lease gap coverage to pay for charges levied by a leasing company for physical damage
to a vehicle caused by a covered loss. The claim for these charges must be submitted within 30 days of lease termination.
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 personal liability.