Protection, service and choice for high-value homes

Hanover Prestige Home

For the Prestige homeowner, it's not just the home they value.

Hanover Prestige home is a flexible and broad suite of coverage built for the high-value home, inside and out. For your customers with homes in the $750K-$3M Coverage A range, you can offer competitive coverage, flexibility and elevated service, backed by a top writer in this market.

Hanover Prestige Home is available in all of our personal lines states, and can be added to any Platinum or Connections® policy.

 

Hanover Prestige Home offers protection, service and choice for homes with Coverage A in the $750K-$3M range, with options for:

  • Guaranteed replacement cost coverage, with cash settlement
  • Up to $100K for fine art, collections and valuables
  • Service line coverage
  • Water backup options up to Coverage A value of home
  • Loss of use with no out-of-pocket expenses, and no expiration date
  • Flexible options for other structures on property, and much more

Prestige Home coverage

  • Personal belongings coverage with ranges of 30% – 100% of Coverage A
  • Flexible water backup coverage options ranging from $25K to 100% of Coverage A
  • Service line coverage for up to $20K of damage of sewer, water, electricity and other lines
  • Guaranteed replacement cost with a cash settlement option 
  • Unlimited loss of use coverage when a home is being repaired and is uninhabitable. No dollar limit, no time limit.
  • Ordinance or law coverage covers expenses following a loss for code and building requirement updates.
  • Loss mitigation coverage up to $2,500 for devices and steps  to help protect against the same loss from occurring again (when a loss exceeds $10K)

 

Insurance works better when it's together

The Prestige customer often has coverage needs that go beyond home and auto. The Hanover designs our products to offer a wide range of coverage options, combined with the convenience of a one-carrier solution to meet the expectations of this customer group.

 

Umbrella

  • Limits from $1M to $10M
  • Non-owned auto and un/underinsured motorist options
  • Worldwide coverage available
  • The convenience of prefilled customer information when quoting in TAP Sales

Learn more

 

Scheduled personal property

 

  • Protection up to $250K
  • No deductible
  • Open peril coverage, with certain exceptions, for physical loss
  • Coverage provided for mysterious disappearances

Learn more

 

 

Boats

  • Coverage for personal liability with optional medical payments to others for bodily injury or property damage
  • Motorboats up to 43’ in length, sailboats up to 51’ in length and between $3,000 to $500,000 in value
  • Options for recovery, salvage, towing, fishing equipment and more available 

Learn more

 

Motorcycle

  • Protective gear
  • Custom and chrome coverage
  • Personal liability
  • Second chance accident forgiveness
  • New/newer bike replacement
  • Lifetime original equipment manufacturer parts
  • Cash-out option for agreed value and a no-deductible option in event of total loss

Learn more

 

Product description

Hanover Prestige Home offers protection, service and choice for homes with Coverage A in the $750K-$3M range, with options for:

  • Guaranteed replacement cost coverage, with cash settlement
  • Up to $100K for fine art, collections and valuables
  • Service line coverage
  • Water backup options up to Coverage A value of home
  • Loss of use with no out-of-pocket expenses, and no expiration date
  • Flexible options for other structures on property, and much more

Prestige resources

The Hanover offers an array of information for you and your customers with high-value homes. You can also access our library of ready-to-use marketing materials for agents on TAP Marketing.

Go to TAP Marketing

 


Understanding the Prestige demographic

This infographic takes a closer look at the growth opportunities for your agency in the Prestige customer segment.

Download now

Resources for you

This series of prospecting postcards can help you reach prospects whose neighbors recently switched to Prestige.

Prospecting postcard [PDF]

Prospecting postcard, second version [PDF]


Additional agent materials

Why Hanover Prestige? [PDF]

Prestige claims information sheet [PDF]

Customer testimonials

Resources for your customers

Share the value of Prestige with your customers. You can also find more resources in the Prepare now. Learn how. content library.

Prestige brochure [PDF]

Prestige home brochure [PDF]

Customer FAQs

"Partners in protection" vendor information page

 

Questions about Hanover Prestige Home?

Contact your underwriter for more information.

 

 

 

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