Allmerica Financial Alliance Auto Insurance Review

  • 44444
Address: 440 Lincoln Street
City: Worcester
State: Massachusetts
ZIP: 01653
Phone Number: 800-628-0250
AM Best Rating: A
Market Cap: $1.5 Billion to $2 Billion
Year Founded: 1850

A review of Allmerica Financial Alliance Auto Insurance leads to Hanover Insurance Group, for which Allmerica Financial Alliance is a subsidiary. Hanover has been selling insurance policies and consistently growing its portfolio of insurance products since 1850. Based in Massachusetts, the company sells insurance in all 50 states and the District of Columbia.

If you are looking for personal auto insurance coverage, enter your zip code in the free box to compare auto insurance quotes from top companies, now!

Hanover is a property and casualty insurance company that sells personal lines of insurance, as well as commercial lines of insurance. They are a publicly traded company that has consistently received an “A”, or excellent, financial stability rating from A.M. Best independent insurance rating company. Hanover is in the $1.5 billion to $2 billion range in assets.

Hanover Insurance Group Personal Lines of Insurance

Hanover offers a variety of personal insurance coverage options that can be customized to fit the personal insurance needs of clients. Hanover home insurance options are: a basic policy, a select policy, a select plus policy, a select premium policy, and a select premium extra policy. The policy you choose depends on the coverage you need for your home, the value of your home, and the value of your assets.

Hanover auto insurance is called Connections Insurance because the company does its best to create a policy that connects the client to the policy. This means that it wants to make the policy as specific to its customer as possible. Auto insurance policies include: various liability limits, the choice of collision or comprehensive coverage, roadside assistance, medical payments, state required liability, and other add-on coverage options.

Another type of personal insurance offered by Hanover is umbrella and identity theft coverage. This type of coverage helps cover legal expenses, if you are sued due to an accident or something that happens on your property. Limits can be anywhere from $1 million to $5 million and coverage extends to other items you own such as boats or snowmobiles. The legal expenses of identity theft are covered as well.

Hanover Insurance Group Business Lines of Insurance

Hanover has insurance for many different types of businesses. Its small business insurance includes a business owner’s policy, workers compensation, commercial auto insurance, commercial umbrella insurance, and specific add-ons that can be customized to fit the business type the policy is written for. Different businesses need different coverage options.

Hanover is one of the few insurance companies to carry a specific plan for mid-sized businesses. Mid-sized businesses are often overlooked and forced to choose between small business insurance and large business insurance options, neither of which fit the needs of a mid-sized business. Hanover’s mid-sized business insurance policy is customized to match the needs of the business.

Inland marine policies from Hanover are specifically for businesses that own or operate watercraft. Policies include loss control analysis, tailored policies that protect future business deals, and professional underwriting teams that deal only with inland marine and watercraft coverage options. Hanover has a policy that is right for both in-depth and simply marine businesses.

Hanover also offers commercial surety bonds. Surety bonds are contracts between a hired contractor and the client. For example, if you hire a construction contractor to build an addition on your home, you would want them to be bonded so if they did not hold up their end of the bargain, or a natural disaster ruins the construction before it is complete, you are covered.

Hanover Specialized Insurance

Hanover is the first insurance company to offer an insurance called “Toys” coverage. It’s not for all the stuff you buy your kids; it is for all the fun stuff you buy yourself. This coverage is only available for those who already have a personal auto insurance policy with Hanover. It is an add-on to the auto policy and cannot be purchased separately.

The Toys coverage covers motor homes, golf carts, dune buggies, all terrain vehicles, snowmobiles, antique vehicles, classic vehicles, trailers, and campers. The policy only covers physical damage. If you want other types of coverage on these vehicles, a policy will need to be customized specifically for you by Hanover.

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