Chubb has filed updates to its Masterpiece homeowners program in New Jersey that explicitly exclude coverage for cryptocurrency and other digital assets, according to a recent SERFF filing.

The revised policy language states that losses involving “cryptocurrency or digital tokens of any kind” are not covered, including non-fungible tokens (NFTs), crypto tokens, payment tokens, or any other digital asset, whether real or fictitious. The exclusion also applies to “any other medium of financial exchange that cannot have a physical loss,” reinforcing that digital-only assets fall outside the scope of property coverage.

The clarification appears alongside a broader set of form updates to Chubb’s Masterpiece program in the state, covering homeowners, condominium, cooperative, renters, and family protection forms. While many of the changes focus on structural updates and consolidation of coverage forms, the digital asset exclusion stands out as a direct response to the growing prevalence—and volatility—of crypto holdings.

The updated forms are scheduled to take effect for new business in April 2026, with renewals following in May 2026, subject to regulatory approval.