WORCESTER, Mass., May 14 /PRNewswire-FirstCall/ -- The Hanover Insurance
Group, Inc. (NYSE: THG), a leading super regional property and casualty
company, today announced Real Estate Advantage, a new insurance program that
offers cost-effective and comprehensive specialty coverages to meet the unique
needs of commercial real estate owners and managers.
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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 www.hanover.com.
About The Hanover
The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester, Mass.,
is the holding company for a group of insurers that includes The Hanover
Insurance Company, also based in Worcester; Citizens Insurance Company of
America, headquartered in Howell, Mich., and their affiliates. The Hanover
offers a wide range of property and casualty products and services to
individuals, families and businesses through an extensive network of
independent agents, and has been meeting its obligations to its agent partners
and their customers for more than 150 years. Taken as a group, The Hanover
ranks among the top 40 property and casualty insurers in the United States.
For more information, please visit www.hanover.com.
CONTACTS:
Investor Relations Media Relations
Sujata MutalikAmy Lynn Baneksmutalik@hanover.comabanek@hanover.com
(508) 855-3457 (508) 855-4486
SOURCE The Hanover Insurance Group
Contact: Investor Relations: Sujata Mutalik, +1-508-855-3457, smutalik@hanover.com, or Media Relations: Amy Lynn Banek, +1-508-855-4486, abanek@hanover.com, both of The Hanover Insurance Group