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Strategies & Market Trends : Dividend investing for retirement
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To: Dr. Ipsofacto who wrote (4307)4/2/2010 8:57:03 AM
From: MoneyPenny   of 34328
 
Chubb is the Rolls Royce of property insurance. Got 4 multi-million dollar homes? They will give you a discount. I had a client once who had a toilet run for 2 days while they were away. It did almost 500k damage to fine rugs, furniture, woodworking etc. Chubb put them up in a suite in the best hotel in town, picked up all their food costs over $150 a day (for the two of them), paid for lost wages by their help, and my fees to fly up to do the restoration and the restoration itself.
<edit> Most of these homes have great security, etc. so the chance of a claim is remote but the premiums would take your breath away. Very profitable business.

I recently bought CB.
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