New Hanover Insurance Program Targets Real Estate Owners, Managers

May 14, 2008

The Hanover Insurance Group, Inc. has unveiled Real Estate Advantage, a new insurance program offering specialty coverages to for commercial real estate owners and managers.

Real Estate Advantage offers coverages 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.

The program’s endorsements 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 its independent agents.

Source: The Hanover

Topics Property

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