WORCESTER, Mass., April 28, 2021 /PRNewswire/ — The Hanover Insurance policy Group, Inc. (NYSE: THG) today introduced the addition of bike insurance coverage protection to The Hanover’s suite of personalized insurance goods.
With bike protection for touring bikes, cruisers, activity bikes, scooters, bike cargo, transport trailers and extra, The Hanover provides its unbiased agents a very well-rounded products that can be bundled with household and vehicle guidelines, and tailored to every single customer’s special demands, featuring a streamlined quoting approach in The Hanover’s Faucet Product sales system.
“We are thrilled to provide this protection to our agent associates and our shoppers,” said Daniel Halsey, president of particular lines at The Hanover. “The addition of motorbike insurance plan to our portfolio will assist our brokers create the complete account for their shoppers, producing it much easier and much more economical for their businesses whilst far better preserving their consumers with a suite of personalized insurance plan coverages from a trustworthy carrier.”
The Hanover also offers expanded protection enhancements that can be conveniently customized to meet up with the wants of its prospects and their bikes, which includes:
- Tailor made and chrome protection: Coverage provided in the base plan with possibilities to enhance the amount of money for tailor made devices, which includes saddlebags, fairings, windshields, luggage racks, custom plating and sidecars, and additional, that are not unique manufacturer machines
- New and newer bike substitution guard: Gives substitute charge within just 1 12 months of the invest in day or up to 120% of a motorcycle’s real hard cash price 1 model calendar year newer when in a overall decline
- Trip interruption: Reimburses up to $600 for needed expenditures incurred when an insured is much more than 100 miles absent from residence and the bike is broken and undriveable
- Rider basic safety attire: Protection provided in the base plan with selections to raise the volume for safety apparel, including helmets, riding garments, boots, gloves, eyewear, earwear worn by the rider or a passenger, and extra
- 2nd probability accident forgiveness: Gives incident forgiveness on the very first accident in a a few-year interval
- First devices and mechanical components: Presents protection for authentic manufacturers’ elements for the recent model and two previous design years
For clients with complex insurance plan requirements, The Hanover also features more motorcycle coverages as a result of its Hanover Prestige providing, such as the possibility to increase agreed value cash out, providing the client the alternative to choose a income payment if damages to a motorbike exceed 50 percent of the agreed value. The Hanover also gives lowered rates for the winter period, as properly as bargains for rider groups, security training course completion and packaged home and/or vehicle insurance policies.
The Hanover’s bike solution is now live in pick states with ideas to be out there in all the firm’s individual lines states afterwards this calendar year. For additional information and facts, please go to: hanover.com/motorcycle-insurance coverage.
About The Hanover
The Hanover Insurance plan Group, Inc. is the keeping enterprise for numerous house and casualty coverage providers, which alongside one another constitute one of the premier insurance coverage companies in the United States. The corporation supplies excellent insurance policy alternatives by a pick group of independent agents and brokers. Alongside one another with its agent associates, The Hanover gives conventional and specialized insurance coverage security for smaller and mid-sized companies, as very well as for houses, cars, and other personalized products. For a lot more data, make sure you visit hanover.com.
All merchandise are underwritten by The Hanover Insurance policies Corporation or a person of its insurance policy company subsidiaries or affiliate marketers (“The Hanover“). Coverage may well not be available in all jurisdictions and is issue to the company underwriting recommendations and the issued plan. This substance is furnished for informational functions only and does not deliver any protection. For more information about The Hanover visit our site at www.hanover.com.
Source The Hanover Insurance policy Team, Inc.