Chubb survey shows 78% of young luxury collectors buy for investment as uninsured share stays above 50%
CB•Young luxury collectors treat purchases as investments
Chubb analysis found 78% of young affluent US luxury collectors buy with future value as a top factor, treating collections as investments.
More than half remain uninsured despite 94% expressing interest in valuables insurance, highlighting a protection gap for high-value assets.
Misconceptions and procrastination drive underinsurance
Misconceptions drive underinsurance: 46% of uninsured collectors think homeowners policies cover valuables; 38% cite procrastination; 34% see low risk.
Digital buying behavior supports embedded coverage demand
Digital buying behavior points to embedded coverage demand: 58% prefer buying insurance online; 38% want it at checkout.
Theft and accidental loss rank as top concerns at 45% and 42%, supporting insurers’ push for dedicated valuables coverage.
