Terrapin Insurance Group is a fully appointed Chubb agent serving Maryland, DC, and Virginia. Chubb is the undisputed gold standard for high-net-worth personal insurance — the Masterpiece policy form is purpose-built for homes valued $1M and up, with guaranteed replacement cost, cash settlement at total loss, broad worldwide coverage on scheduled valuables, and a concierge-level claims experience that adjusters at standard-market carriers cannot match. We write Chubb across Bethesda, Edgemoor, Potomac, Avenel, Chevy Chase, and other HNW markets in Montgomery County and northern Virginia.
Why HNW Maryland Homeowners Choose Chubb
Masterpiece guaranteed replacement cost — Chubb will pay to rebuild your home using like kind and quality materials, even if the cost exceeds your dwelling limit. No coinsurance penalty, no "actual cash value" haircut, no surprise depreciation. For Edgemoor, Potomac, and Avenel homes where rebuild costs can run $400–$600+/square foot, that's the difference between a clean recovery and a partial one.
Cash settlement option — At a total loss, Chubb offers Masterpiece policyholders the option to take a cash settlement equal to the dwelling limit rather than rebuilding. Useful for Maryland HNW clients who want flexibility to move, downsize, or rebuild differently after a major loss.
Worldwide scheduled property coverage — Chubb's Valuable Articles coverage on jewelry, fine art, wine collections, collectibles, and silverware is the broadest in the market: agreed-value, worldwide, no deductible on most items. Critical for Maryland HNW households with significant scheduled exposure.
Concierge claims handling — Chubb's HNW claims adjusters are senior, accessible, and authorized to make large decisions quickly. The difference shows on a $500K water-damage claim or a complete-loss fire — Chubb pays cleanly while standard-market carriers negotiate.
Additional living expense without a hard cap — When you're displaced from a $3M Potomac home, the hotel and rental cost is meaningful. Chubb's ALE is sized to actual reasonable cost for the home you're displaced from, not capped at a small percentage of dwelling like most carriers.
Chubb Products We Write in Maryland
Masterpiece Homeowners — Chubb's flagship HNW homeowners product. Guaranteed replacement cost, cash settlement option, broad water damage including water backup, equipment breakdown, identity restoration, and rebuild-to-current-code coverage. Sized for Maryland homes $1M+.
Masterpiece Auto — Often the right answer for HNW Maryland households with multiple high-value vehicles — luxury sedans, exotics, classics, and collector cars. Includes original parts coverage, agreed-value on collector vehicles, and the same concierge claims service as Masterpiece home.
Masterpiece Valuable Articles — Scheduled coverage for jewelry, fine art, wine, silverware, furs, collectibles, and musical instruments. Worldwide, agreed value, with no deductible on most items. Critical for Bethesda, Potomac, Edgemoor, and Avenel households with significant scheduled property.
Masterpiece Umbrella (Excess Liability) — Personal excess liability up to $50M+ for qualifying clients, with broad coverage including libel, slander, defense costs outside the limit, and worldwide territory. Includes uninsured/underinsured motorist coverage on the umbrella layer — meaningful in contributory-negligence Maryland.
Family Office and Specialty Coverages — Identity restoration, kidnap/ransom & extortion (for clients with international exposure or public profiles), employment practices for household staff, and yacht coverage. Chubb is uniquely positioned to write the full HNW shelf under one carrier.
Flood coverage — Chubb's private flood option for HNW Maryland homes often offers broader limits and faster claims than NFIP, particularly for homes near the Potomac River.
How Chubb Compares to Other Carriers
Chubb is in a category of its own for HNW homes ($1M+), significant scheduled property, and household exposures that require concierge-level claims service. There is no standard-market carrier that delivers what Masterpiece delivers at the same coverage breadth.
Where Chubb is not the right answer: standard-market homes under roughly $750K (a preferred-carrier policy will offer comparable coverage at meaningfully lower price); single-driver auto without home (Chubb auto is priced for an HNW lifestyle); first-time homebuyers without significant scheduled property (the Masterpiece coverage breadth is overkill).
We typically position Chubb for Maryland clients in Edgemoor, Avenel, Potomac, Bethesda, Chevy Chase, and similar HNW neighborhoods — and use a standard preferred-carrier policy as the mid-market alternative for households not quite at the Chubb threshold.
Service Areas in Maryland
We write Chubb across Maryland's HNW corridor from our Rockville office. Chubb is most heavily concentrated in Bethesda (20817, 20816), Potomac (20854), Chevy Chase (20815), Kensington (20895), and parts of Rockville (20850, 20852) — particularly the Edgemoor and Avenel neighborhoods where the housing stock routinely exceeds $2M.
See our local insurance pages for Rockville, Bethesda, Gaithersburg, Silver Spring, Potomac, and Germantown. For our Edgemoor and Avenel HNW pages specifically, see Edgemoor and Avenel.
Why Use an Independent Agent for Chubb (vs. Buying Direct)
Chubb does not sell direct to consumers — there is no Chubb.com checkout for HNW personal lines. Chubb's HNW distribution is exclusively through appointed agencies, and not all agencies hold the Chubb appointment. As an appointed Chubb agency in Maryland, we have direct access to Chubb's HNW underwriting team and the Masterpiece product suite.
What we add: a coverage review on top of the carrier relationship. Chubb's product is rich, but using it well — sizing dwelling correctly using a Marshall & Swift estimator, scheduling valuables at the right values with the right appraisals, choosing the right umbrella limit for your asset profile, layering flood appropriately — that's where an experienced HNW agent earns the relationship. We do this work for Maryland HNW clients in Edgemoor, Avenel, Potomac, and Bethesda every week.
Ready to get a Chubb quote? Request a free quote today, or call us at 240-243-0042. We'll shop Chubb alongside our other appointed carriers and present the best fit for your situation.