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What is Umbrella Insurance?

In today’s home and auto insurance world, many people are looking for the cheapest and quickest option. Give me the lowest limits with the fewest options and get me through this. In the short run, this may seem like a good idea. But, if you are involved in a claim, and especially if you are found to be at fault or liable in a claim, this bare-bones method may come back to haunt you. In addition to examining your limits of basic coverages and optional coverages within your home and auto policies, [...]

2020-07-24T21:38:51+00:00May 31st, 2018|

My Term Life Insurance Policy is About to Expire… Now What?

If you are like most people who purchase life insurance, you likely chose to purchase term life insurance over a permanent policy such as a whole life policy or universal life policy. There are distinct differences between term life insurance and permanent life insurance and reasons to purchase each. If you have a term policy, there will come a time that it will “expire” and decisions must be made. Does a Term Policy Ever Expire? Technically… yes. But it probably doesn’t expire (meaning that you have no option to remain covered) until [...]

2020-07-24T21:15:48+00:00May 24th, 2018|

Fire Danger and 9 Volt Batteries – One Easy Fix Could Save Your Life!

Fire danger caused by standard household batteries is very real. The fire danger that can be caused by common household batteries is probably something that most of us don’t even think about. Many households have a “junk drawer somewhere in the house. If you are storing 9-volt batteries in your “junk” drawer, this could be a recipe for disaster. With the terminals so close together on a 9-volt battery, it only takes a small piece of metal, like a paperclip or keys to make a connection between the positive and negative terminals. [...]

2018-12-10T15:16:38+00:00February 14th, 2018|

Cheers to Santa Coming to Your Town

Every community, organization and holiday event seems to have its own Santa Claus— a jolly volunteer behind the flowing white beard and garbed in that familiar red and white suit. Such is the case with Jeff Ruddell, a member of the Gannon Associates family working out of its Tunkhannock office. Jeff has been playing Santa for “15 years at least” and was again the main attraction (for kids anxious to get on Santa’s good side anyway) at Tunkhannock’s recent Christmas in Our Hometown event. Gannon was the corporate sponsor, along with Travelers, [...]

2018-12-06T11:54:21+00:00December 21st, 2017|

Gannon Still a Standout in Best Practices

Gannon Associates Insurance retains its Best Practices status, once again becoming a part of an elite group of independent insurance agencies around the United States. This status comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group. The annual survey and Study of leading independent insurance agencies documents the business practices of the “best” agencies and urges others to adopt similar practices. Since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, have join forces to study the country’s leading [...]

2021-12-08T15:01:15+00:00August 16th, 2017|

Covering Business Property and Time Lost

Two things always go together when we talk about commercial property insurance— buildings and contents. They represent the future of your business and significant loss of either one would be a major setback. Some things are irreplaceable, especially on the contents side, but you need to be covered at a realistic replacement cost and not just what you paid for it. Then there is time. Time lost and time unable to do what you do for a living, as well as paying the people who work for you, whether a staff of [...]

2019-11-19T18:14:10+00:00August 2nd, 2017|

How Insurers Survive Catastrophic Events

Insurance coverage is all about risk, but the biggest risks, and the hardest to predict, are from natural and man-made disasters. How do insurance companies handle catastrophic insurance losses? According to Property Claim Services, a catastrophe is “an event that causes $25 million or more in insured property losses and affects a significant number of property/casualty policyholders and insurers.” There are, of course, insurance carriers, known as reinsurers, who specialize in covering catastrophic losses. Insurance companies have to pay the price for the peace of mind that they will be able to [...]

2021-07-27T13:40:06+00:00August 2nd, 2017|

Insuring Your Matrimonial Memories

Here comes the bride through a beautifully landscaped garden on the grounds of a quaint country inn. But wait! An unforeseen storm, accompanied by roaring thunder and flashes of lightning, sends everyone scurrying. The bride and that expensive gown are drenched. It’s a washout as the downpour continues unabated. It looks like Mom and Dad are going to eat the bill and be forced to settle for a do-over with a Justice of the Peace Okay, so that’s an extreme example, but all kinds of things can disrupt, interrupt or destroy those [...]

2021-07-27T13:36:22+00:00August 2nd, 2017|
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