Real estate
Designed to meet the needs of commercial real estate owners and property managers, Hanover Real Estate Advantage provides real estate companies with a broad offering of insurance solutions.

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 — 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 – real estate 421-2924

Coverage Limits Coverage Limits

Additional insured — 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 — broad form

Included

Broad form named insured

Included

Property damage legal liability
– Broad form
– Fire, lightning, explosion, smoke and leakage from fire protection systems damage limit

$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’ compensation

Visit Hanover Specialty Excess & Surplus for non-admitted property and casualty coverage.

 

 

Professional and executive lines

Professional and executive lines

Marine

Marine

Surety

Surety

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.

Learn more

 

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.

Learn more

 

Trusted partner

We offer the support and financial strength of an "A"-rated leading insurance carrier.

 

Appetite

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 The Hanover helps policyholders prevent risk.

Download now

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.

Contract management guide

Contractual risk transfer for commercial property owners

See all of our Risk Solutions resources for real estate

 

Customer tools

Claims reporting

My Hanover Policy

 

 

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

Jim Albertson
Assistant Vice President, Industry Solutions
508-855-2631
jalbertson@hanover.com

Marine and industrial property

Chris Zaneski
Vice President, Distribution Management
240-638-5706
czaneski@hanover.com

Professional and executive lines

Jon Martin
Vice President, Distribution Management
269-240-8118
jonmartin@hanover.com