Cover On the Wings of Hermès, a poetic and cinematic performance that happened in July 2024 at Marina Bay Sands
On the Wings of Hermès, a poetic and cinematic performance that happened in July 2024 at Marina Bay Sands
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Discerning collectors know that protecting luxury items like timepieces, premium spirits and fine art is just as important as acquiring them—and Chubb's Masterpiece insurance distributed through American Express offers comprehensive, itemised coverage for them all
Carrie Bradshaw once said: “I like my money right where I can see it… hanging in my closet”. A style icon with a wardrobe brimming with straight-off-the-runway pieces, eclectic vintage finds and couture creations—like that Versace “mille feuille” gown in the series’ finale—one could only wonder, how did she fit them all in her tiny walk-in closet? But the more important question—if her character were real—is: how would she keep that valuable sartorial collection safe in her apartment?
For such avid collectors, you know that the process of protecting your prized possessions is just as important as making the acquisitions—items you’ve gone to great lengths to source for and expand your collection. From the ticking of rare tourbillons on your table side, to fine art that transform the walls of your home into galleries, to premium spirits in custom cabinetry, luxury goods in various forms are increasingly recognised as valuable personal assets. Each of these lifestyle investments carry not just passion-driven or emotional importance, but also significant—and possibly appreciating—value, creating the need for specific, elite coverage.
Above The Macallan 73 Years Old, a limited addition to The Macallan Red Collection
The Macallan 73 Years Old, a limited addition to The Macallan Red Collection
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This is where Masterpiece insurance, underwritten by Chubb and distributed by American Express, comes in. Designed with discerning homeowners, collectors and jetsetters in mind, this premium policy goes beyond typical home or travel insurance by providing flexible, comprehensive and itemised protection for your most valuable possessions, including fine art, watches and jewellery, objets d’art and other curated collections like premium spirits. Distributed through American Express, this features broad coverage that includes “all risks” protection. From accidental damage to worldwide cover*, Masterpiece ensures swift, fair cash settlements—reducing the risk of over or underinsurance.
The art of insurance
Like its name suggests, the Masterpiece insurance policy has a Valuable Articles Coverage section designed to provide premium coverage for works of art. This includes Itemised Coverage, where each masterpiece is covered for an agreed value from the start, and is claimable in the event of a damage or loss, with no excess or depreciation. This includes newly acquired artworks, with up to 25 per cent of the total itemised coverage claimable within 90 days notification; damage repair coverage where you are allowed to choose your preferred restorer; or partial coverage should only a section or piece of the insured item be damaged or missing. If this isn't secure enough, the policy even encompasses Loss of Market Value coverage, which covers the repair costs of the compromised item, as well as compensates owners for any loss in the item’s originally registered market value as a result of the damage.
The same level of exceptional protection is extended to fine wines and premium spirits, while watches, jewellery and luxury handbags also get worldwide cover* that takes care of any physical loss or damage, ensuring utmost protection of these pieces while at home, on-the-go and overseas—giving you greater peace of mind no matter where you go.
Above On the Wings of Hermès, a poetic and cinematic performance that happened in July 2024 at Marina Bay Sands
On the Wings of Hermès, a poetic and cinematic performance that happened in July 2024 at Marina Bay Sands
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Some of Masterpiece insurance clients' most recent claims include a damaged Hermès Kelly and Richard Mille watch that went missing from a hotel room, for which the owners were fully compensated through cash settlements for their replacements. The same coverage was extended to several whisky aficionados who either faced accidents while carrying bottles back from their travels, or received damaged items from overseas or online purchases under the International Transit benefit*.
Home safe home
Houseproud homeowners will also be relieved to know that their Deluxe House Coverage also covers homes on multiple fronts. Peace of mind, after all, is also a luxury treasured by many. This comprises worldwide cover* so that the contents of your home and even personal liability is secured wherever you go*; coverage on both the home and contents upon the need for repair, rebuilding or replacements; and even additional living expenses coverage should you be unable to live in your home while it's being reconstructed. Such situations will be assessed by home appraisers who document the true value of a home by meticulously noting architectural details, luxury fixtures and unique features, while also reviewing abodes for security and fire protection, and ways to reduce the risk of burglary, accident and fire. Upon satisfactory home appraisals, which are complimentary, Masterpiece insurance clients are eligible for up to 200 per cent sum insured for building cover.
From diamond-besieged tiaras and rarefied wines, to collectible bicycles and luxury appliances, Masterpiece insurance safeguards passion-driven possessions with hassle-free efficiency. Because at the end of the day, it shouldn’t just be about insuring a home, but preserving a lifestyle.
For more information on Masterpiece insurance, underwritten by Chubb and distributed by American Express, click here.
Receive a complimentary bottle of Teeling Whiskey with a minimum spend of S$1,500. From now till 31 December 2024, Amex Platinum Members can simply save the offer in the Amex App to your Platinum Card, American Express Platinum Reserve or Platinum Credit Card and earn additional 10 Membership Rewards® points for every full S$1.60 spent on Masterpiece. With a minimum spend of S$1,500, Platinum Members can also enjoy S$500 off Masterpiece insurance premiums. T&Cs apply.
Don't have an American Express Platinum Card yet? Visit go.amex/sgtheplatcard to find out more about The Platinum Card, where a limited time Welcome Offer and more than S$8,000 worth of benefits await you.
*All claims are subject to the terms and conditions of the Policy. Please refer to the relevant Policy Wording for the full insuring clauses, definitions, schedule, extensions, terms, conditions, exclusions and limits of liability of the Policy. Claims will be assessed, and outcomes may differ, on a case by case basis.
This is only product information offered by Amex and not a contract of insurance. Accordingly, the information should be read and construed in light of, and subject to all terms, conditions and exclusions contained in the Policy. Please consider your objectives, financial situation or needs to decide if an insurance product is appropriate to you.
