CHES Special Risk launches insurance offering for high-value homes

CHES Special Risk launches insurance offering for high-value homes | Insurance Business Canada

Property

CHES Special Risk launches insurance offering for high-value homes

New policy protects against different perils

Property

By
Mika Pangilinan

CHES Special Risk has announced the launch of a new insurance offering to address the unique risks facing high-value homeowners in Canada.

The “all-risks” policy from the MGA provides a coverage plan that protects high-value homes and properties against many different perils, including earthquakes and fires, as well as accidents and liabilities.

It also includes key features such as transparent policy wording, rapid claims settlement, flexible optional coverages, and access to Canadian market expertise from CHES Special Risk’s network of retail and wholesale brokers.

CEO and president Gary Hirst commented on the new offering, underscoring the company’s commitment to helping homeowners protect what matters most to them.

“Owning a high-value home is a testament to your client’s accomplishments, and we’re here to protect it with a level of coverage that matches its significance,” said Hirst. “Our high-value home insurance is designed to provide comprehensive protection, from architectural marvels to precious belongings.”

The introduction of CHES Special Risk’s high-value home insurance follows the release of its personal articles floater insurance, which provides coverage for high-value possessions like art, jewelry, antiques, and other collectibles.

“With the personal articles floater, we are offering an extra layer of protection and peace of mind, ensuring that insured’s treasured belongings are adequately coveted,” Hirst said of the offering earlier this month.

CHES Special Risk was one of 25 companies recognized as a 5-Star MGA by Insurance Business Canada in 2022, receiving the award for its technical expertise, reputation, product knowledge, and ability to place niche or emerging risks.