Protection for Your Valuable Goods

Chubb Valuable Goods Insurance protects eligible valuable personal items listed in your Certificate of Insurance against direct physical loss or damage caused by:

• Theft, by forcible and violent entry
• Robbery
• Fire, water damage, explosion, earthquake, windstorm, flood, malicious damage by third party, aircraft damage, riot and civil commotion
• Accidental Damage

This is a named-perils policy. It does not cover every type of loss or damage. Shall we consider exclude damage to insured item left unattended outside the premises unless stored in a secured locker or safe.

Payment of the premium does not mean that coverage has started. Coverage begins only after Chubb approves the application and issues the Certificate of Insurance.

Individuals residing in Malaysia who meet the product's eligibility requirements may apply.

All applications are subject to Chubb's underwriting review and approval.

Eligible items may include:

• Watches
• Jewellery
• Fine art
• Luxury handbags
• Collectibles
• Other valuable personal items accepted by Chubb

Each item must be individually declared, accepted by Chubb and listed in the Certificate of Insurance.

No. Standard coverage is limited to:

• The declared premises in Malaysia; and
• Wearing within Malaysia, subject to the applicable sublimit.

Coverage outside Malaysia applies only if specifically agreed by Chubb and stated in the Certificate of Insurance.

Each customer may insure valuable goods up to a maximum combined insured value of:

RM50,000 at any one time.

This limit applies across:

• All insured items;
• All plans;
• All active policies or Certificates of Insurance; and
• All accounts or applications belonging to the same customer.

Purchasing multiple policies does not increase the RM50,000 customer limit.

For a covered claim, the maximum payable for an item is the lower of:

1. The insured value stated for that item; or
2. Its reasonable repair or replacement value.

For a wearing claim, the maximum payable is 20% of the customer's combined insured value, subject to a maximum of RM10,000 for any one event.

Damage occurring while an item is being:

• Repaired;
• Cleaned;
• Restored;
• Altered;
• Modified; or
• Manufactured

The premium depends on the selected plans. The final premium will be displayed before payment.

Coverage lasts for one year, based on the start and expiry dates stated in the Certificate of Insurance.

Renewal is subject to Chubb's acceptance and the applicable renewal premium.

Yes. You may request cancellation in writing.

If Chubb does not approve the application, the payment will be refunded or cancelled according to the approved refund process.

If you cancel after coverage has started, any refund will be calculated according to the applicable Refund Policy, cancellation terms and the period during which coverage was provided. A full refund is not guaranteed.

This FAQ provides a general summary only and does not form part of the insurance contract. Coverage is subject to Chubb's underwriting approval and the terms, conditions, limits, deductibles and exclusions stated in the Certificate of Insurance, Product Disclosure Sheet, Policy Wording and applicable endorsements.