Hanover Real Estate Advantage targets commercial real estate owners and managers who generate a majority of their income from the following real estate types. Our appetite for real estate varies by state, size of risk and line of business. Please contact your local underwriter to discuss specific opportunities.
Property owners and managers
- Building owners
- Commercial property managers
- Parking operators
- Real estate investment trusts (REITs)
Commercial buildings
- Condominiums
- Light industrial properties
- Mixed-use buildings
- Office buildings
- Retail properties
Not in appetite
- Residential development construction
- Contract development construction
- Mini-storage units
Visit Hanover Specialty Excess & Surplus for additional classes eligible for non-admitted coverage.
Property and general liability
Property
- Selection of base property broadening endorsements that add or enhance more than 65 coverages
- Add the real estate property broadening endorsement below to a base property endorsement to further tailor industry-specific coverage.
Real estate property broadening endorsement 411-0800 |
|||
|---|---|---|---|
| Coverage | Limits | Coverage | Limits |
|
Alternative key systems |
$100,000 |
Extended business income |
365 days |
|
Business income and extra expense 鈥� retail anchor store property |
$150,000 |
Paved surfaces |
$50,000 |
|
Commercial tenant replacement expense |
$50,000 |
Realty tax assessment |
$75,000 |
|
Emergency evacuation expense |
$25,000 |
|
|
General liability
- Suite of general liability broadening coverage that add or enhance over 20 coverages
- Add the real estate general liability broadening endorsement below to the base general liability broadening endorsement to further tailor coverage.
CGL enhancement endorsement 鈥� real estate 421-2924 |
|||
|---|---|---|---|
| Coverage | Limits | Coverage | Limits |
|
Additional insured 鈥� broad form vendors |
Included |
Incidental malpractice (employed nurses, EMTs and paramedics) |
Included |
|
Aggregate limit per location |
Included |
Mobile equipment redefined |
Included |
|
Alienated premises |
Included |
Personal injury 鈥� broad form |
Included |
|
Broad form named insured |
Included |
Property damage legal liability |
$1,000,000 |
|
Extended property damage |
Included |
Tenants-in-common as named insured |
Included |
Additional coverage options
- Contingent property coverage
- Emergency event management coverage
- Broad form named insured real estate endorsement
- Commercial real estate owners and managers-specific endorsements
- High-end condominium and co-op owner associations-specific endorsements
- Automobile
- Umbrella
- Workers鈥� compensation
Visit Hanover Specialty Excess & Surplus for non-admitted property and casualty coverage.
Professional and executive lines
Professional and executive lines
Surety
Surety
- Commercial surety bonds including agent bond, lease bond, lost instrument bond and appraisal management bond
Hanover Real Estate Advantage protects against the unique risks faced by realtors. Unlock the Hanover advantage.
Risk management services
We offer assistance with protecting against slip trip and falls, electrical preventive maintenance and contract management.
Competitive products
Our innovative and comprehensive product suite provides options designed to fit current and future needs, including:
- Account-focused solutions
- Industry-specific broadening endorsements
Dedicated claims team
Our claims teams have years of industry expertise and experience handling the unique types of claims companies in real estate can face. We employ experts in the fields of water mitigation, subrogation, risk transfer, litigation management, nurse and legal analysis, accounting, and SIU.
Significant experience
We have expert, local underwriting resources with national product claims and loss control services, all supported by regional experts.
Risk Solutions partnership
Our partner vendors can help with alarm system and automatic sprinkler testing and maintenance, equipment theft prevention and recovery, training resources and business continuity.
Trusted partner
We offer the support and financial strength of an "A"-rated leading insurance carrier.
Hanover Real Estate Advantage targets commercial real estate owners and managers who generate a majority of their income from the following real estate types. Our appetite for real estate varies by state, size of risk and line of business. Please contact your local underwriter to discuss specific opportunities.
Property owners and managers
- Building owners
- Commercial property managers
- Parking operators
- Real estate investment trusts (REITs)
Commercial buildings
- Condominiums
- Light industrial properties
- Mixed-use buildings
- Office buildings
- Retail properties
Not in appetite
- Residential development construction
- Contract development construction
- Mini-storage units
Visit Hanover Specialty Excess & Surplus for additional classes eligible for non-admitted coverage.
Industry resources
Real estate coverage scenarios
This risk review is designed to help identify instances of potential exposure and troubleshoot how 华体会 helps policyholders prevent risk.
Resources for your customers
Our Risk Solutions program includes onsite and remote assessments, on-demand learning, self-service tools and custom action plans that address the complex demands and issues facing your clients in the real estate industry.
Contractual risk transfer for commercial property owners
See all of our Risk Solutions resources for real estate
Customer tools
Let's start a conversation today
Contact a member of our team to learn more about our coverage and services, and how we can help you tailor a solution for you and your clients.
Property and casualty
Aaron Kock
Vice President, Industry Solutions
312-339-7774
[email protected]
Marine and industrial property
Chris Zaneski
Vice President, Distribution Management
240-638-5706
[email protected]
Professional and executive lines
Greg Ketay
Vice President, Distribution Management
630-760-3045
[email protected]