The Hanover Insurance Group Moves into Real Estate Insurance Business

The Real Estate Advantage is delivered to The Hanover’s agent partners
through local underwriters with a deep understanding of the real estate
industry. The program is complemented by dedicated loss control, and claims
professionals who also are available locally to provide industry-specific
guidance for independent agents and their commercial real estate clients.

“Real estate owners and their investors place significant resources
into their properties, and consequently, are always searching for new ways
to protect those assets,” said David J. Firstenberg, commercial lines
president at The Hanover. “The Hanover’s Real Estate Advantage combines
customized coverages with flexible limits and strong claims services,
enabling our agents to serve the commercial real estate industry.”

Real Estate Advantage is the latest introduction in a growing list of
industry-specific programs being offered by The Hanover. Developed to help
The Hanover’s independent agents capture a larger portion of the lucrative
real estate market, the program meets the specialized needs of commercial
real estate businesses by offering a broad range of coverages, including
insurance protection for commercial property, general liability, commercial
crime, commercial auto, commercial umbrella and workers’ compensation.
Property owners also may broaden their coverage and increase limits beyond
the basic package through a broad range of endorsements and optional
coverages that address specific industry risks.

The program’s endorsements — that normally would have to be purchased
separately by a property owner — include coverage for: alternative key
systems, anchor store business income, denial of access, lease
cancellation, lost keys, movement of property, outdoor property, paved
areas, realty taxes, tenant move back expense, and unintentional property
reporting errors. The Hanover also offers a contingent property endorsement
for properties under triple net leases as well as several other real-estate
specific general liability endorsements.

The Hanover’s Real Estate Advantage currently is available through a
wide network of independent agents.

For more information, agents can contact one of The Hanover’s local
branch offices or visit the company at http://www.hanover.com.

Filed under Real Estate News |