Case study 03

Kelly & Steve - Escaping the City

Gated community credit

Homeowner’s premium

No

$7,972

Yes

$5,439

Kelly & Steve - Escaping the City

Both successful software engineers, Kelly and Steve

are in their late thirties with two children. They

recently moved from their Seattle condo to a home

in Sammamish, Washington.

They own another home in Montana and employ a

full-time nanny. After a Chubb review, they updated

their policies to better reflect their current situation

and risks.

Home Sammamish, WA Before After Why make these changes?

Home structure limit

Other structures limit

Personal property limit

Basic deductible

Water leak detection credit

$1.0 million

30% (300,000)

50% (500,000)

$1,000

No

$1.5 million

30% ($450,000)

50% ($750,000)

$5,000

Yes

A higher limit will ensure full replacement cost for their home.

A higher deductible, installing a water leak detection system and backup generator, plus the portfolio discount, helps reduce the policy premium.

Backup generator No Yes

Portfolio discounts (vac/auto) No Yes

Home Montana Before After Why make these changes?

Home structure limit

Personal property limit

$400,000

50% ($200,000)

$600,000

50% ($300,000)

A higher limit ensures they will get full replacement value.

Deductible

Water leak detection credit

$1,000

No

$5,000

Yes

A higher deductible, lower personal property limit, installing water and gas leak detection systems, and a gated community discount help reduce their premiums.

Gas leak detection credit No Yes

2

Gas leak detection credit No Yes

help reduce their premiums.

Excess liability premium $558 $1,350

They can also protect their home from wildfires by enrolling in Chubb's Wildfire Defense Service program.

Gated community credit No Yes

Homeowner’s premium $5,533 $4,266

Valuables Before After Why make these changes?

Jewelry limit (scheduled) $30,000 Same An updated valuable policy better protects their valuables and may reduce their home policy premium. Jewelry limit (blanket) $0 $10,000

China limit (blanket) $0 $5,000

Fine Art limit (blanket) $0 $10,000

Portfolio discount No Yes

Valuables premium $390 $557

Auto Before After Why make these changes?

2018 BMW X5 $500 deductible $2,500 deductible Increased deductibles and the portfolio discount help lower premiums.

2015 Infiniti G37 Coupe $500 deductible $2,500 deductible

Portfolio discount No Yes

Auto premium $2,883 $2,410

Excess Liability Before After Why make these changes?

Excess liability limit

Uninsured/underinsured

liability limit

Employment practices liability

(1 staff)

$2 million

$0

No

$5 million

$1 million

Yes

Increasing the limit provides additional protection for their assets.

Adding uninsured/ underinsured liability gives them extra protection.

Adding employment practices liability protects them against lawsuits claiming discrimination…

3

Employment practices liability

(1 staff)

No Yes

..sexual harassment, rongful termination and ther employment practice iolations.

wov

Portfolio discount No Yes

Excess liability premium $558 $1,350

As a Chubb client, they could optimize their

protection to better cover their risks, and save

8% on their premiums.

Currently they pay

$9,274 They could save

$743

Total premium $9,274 $8,531

For the purpose of before-and-after comparisons in the case studies, all premium estimates are based on coverage rates for Chubb in 2018.

Potential savings are approximated. Rates are subject to change and may vary by location and other factors.

© 2018 Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of

these subsidiaries, please visit our website at www.chubb.com. Insurance provided by U.S. based Chubb underwriting companies. All

products may not be available in all states. Coverage is subject to the language of the policies as actually issued. Surplus lines insurance

sold only through licensed surplus lines producers. Whether or to what extent a particular loss is covered depends on the facts and

circumstances of the loss and the actual coverage of the policy as issued. Chubb Personal Risk Services, P.O. Box 1600, Whitehouse Station,

NJ 08889-1600.

4

www.chubb.comwww.chubb.com