Ask Your Peers - JEWELRY INSURANCE JIBNA vs CHUBB by Moshe Steinberger

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Moshe Steinberger, the stone agency - Uleta, FL 33162

Reputation: 263 - Total posts: 26

Hello
I have recently been given a case to write over $140,000 in personal jewelry. I am looking for some feedback on JIBNA , there are not any reviews to be seen on the internet. Is Chubb an eligible company to write this with or do they require a Homeowners exceeding $2,000,000 , or so I have heard ??

10 year(s) 2 month(s) ago

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Genny Dill, Moran Insurance Group LLC - Baltimore, MD 21202

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1 Verified Reviews - 4 of 5.0

Genny Dill, Moran Insurance Group LLC - Baltimore, MD 21202

Reputation: 110 - Total posts: 19

I am not familiar with the dwelling limit requirement in your state, but in some states the requirement is just $500,000. Chubb is more after a certain type of client, and can sometimes overlook the dwelling value requirement for the right risk. Their jewelry form is great. I would recommend at least giving them a shot - worst case scenario is you wasted a couple of minutes on the phone with an underwriter. Other options are ACE, AIG, and Pure. Again - I am not familiar with the availability in your marketplace, but in other states these carriers do well with the jewelry schedules with the HO policy.

10 year(s) 2 month(s) ago

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Greg Hemming, Express Insurance - Longwood, FL 32779

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1 Verified Reviews - 1 of 5.0

Greg Hemming, Express Insurance - Longwood, FL 32779

Reputation: 106 - Total posts: 14

JIBNA claims service has been subpar according to our clients with claims. Chubb normally requires the HO and Auto policy. For our pieces and collections over <g class="gr_ gr_153 gr-alert gr_gramm undefined Punctuation only-ins replaceWithoutSep" id="153" data-gr-id="153">$50,000</g> we have found the best marketplace to be Lexington for pricing, service on claims, and overall form. Do yourself a favor and just get with your surplus lines broker that has <g class="gr_ gr_415 gr-alert gr_gramm undefined Grammar only-ins doubleReplace replaceWithoutSep" id="415" data-gr-id="415">appt</g> to Lexington or call Atlantic Special Lines as they have <g class="gr_ gr_416 gr-alert gr_gramm undefined Grammar only-ins doubleReplace replaceWithoutSep" id="416" data-gr-id="416">good</g> working relationship and are quick with the turnaround. Your pricing will be good, actually better in almost every case with them versus JIBNA. JIBNA is a fair market for pieces under 10k etc but those aren't always profitable for an agency but are more of a 'favor' policy due to the very limited earnings. Well, that's my 2 cents as an agency owner

10 year(s) 2 month(s) ago

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1 Verified Reviews - 1 of 5.0

Greg Hemming, Express Insurance - Longwood, FL 32779

Reputation: 106 - Total posts: 14

It should say collections over 50 thousand we find Lexington the best market. Not sure why these errors are showing in the response.

10 year(s) 2 month(s) ago

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Althea Jacques-Ireland, NoBe Insurance Services - North Bethesda, MD 20852

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0 Verified Reviews - 0 of 5.0

Althea Jacques-Ireland, NoBe Insurance Services - North Bethesda, MD 20852

Reputation: 519 - Total posts: 52

Chubb will not write the jewelry schedule monoline. They will however write it, if you combine it with a home. The house does not have to be $2M.

10 year(s) 2 month(s) ago

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Shawna Kreis, CompleteMarkets - Big Bear, CA 92315

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1 Verified Reviews - 5 of 5.0

Shawna Kreis, CompleteMarkets - Big Bear, CA 92315

Reputation: 3263 - Total posts: 224

Hello Moshe,

I am happy to see our community jumping in to help you with this. I also did a FindIt search and found a few companies who insure personal articles including jewelry.

Click here to submit to all of them.

Greg we are looking into the errors in your reply.

10 year(s) 2 month(s) ago

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1 Verified Reviews - 5 of 5.0

Shawna Kreis, CompleteMarkets - Big Bear, CA 92315

Reputation: 3263 - Total posts: 224

Hello Moshe,

Is there anything else I can help you with?

10 year(s) 2 month(s) ago

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1 Verified Reviews - 5 of 5.0

Moshe Steinberger, the stone agency - Uleta, FL 33162

Reputation: 263 - Total posts: 26

Thank you Greg , Althea and Shawna ! this really helped

10 year(s) 2 month(s) ago

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Ask Your Peers JEWELRY INSURANCE JIBNA vs CHUBB (Closed)