Information on home insurance for individuals.

The Solar Panel Surge: How It’s Impacting Insurance

In the ever-evolving landscape of renewable energy, solar panels have emerged as a shining beacon of sustainability and efficiency. As more homeowners and businesses opt to use the power of the sun, the implications stretch far beyond just energy production. One often overlooked aspect of this solar revolution is its impact on insurance. Traditionally, insurance policies have been designed with conventional homes and buildings in mind. However, as the installation of solar panels increases, insurers face new challenges and opportunities. Let's talk about the various ways in which solar panels are reshaping the [...]

2024-04-15T15:17:57+00:00April 15th, 2024|

How Your Roof Impacts Your Insurance

Your roof serves as more than just a protective barrier against the elements; it can significantly affect your insurance rates. Many homeowners may not realize the crucial role their roof plays in determining insurance premiums. Understanding this impact is essential for making informed decisions about your home insurance coverage. Roof Age and Material One of the primary factors insurers consider is the age and material of your roof. Newer roofs made of durable materials such as asphalt shingles, metal, or tile generally command lower insurance premiums. These materials offer better resistance to weather [...]

2024-04-03T15:33:09+00:00April 3rd, 2024|

Hard Market FAQ

After decades of low premiums and abundant capacity - their willingness to accept new or increased risk –  the insurance market is experiencing a hard market. This is when premiums increase, coverage terms are restricted, and competition for most types of insurance decreases; in other words, insurance is getting more expensive and harder to find. A hard market can lead to a ton of questions. Let’s look at a few and go over the answers. What is a “hard market” in insurance? A hard market means insurance companies are raising rates and restricting [...]

2024-02-06T16:43:12+00:00February 6th, 2024|

Hard Market 101

You’ve already heard about how inflation is affecting everything, including insurance premiums and claims. Rates are rising and insurance is becoming harder to get. This situation is what we in the insurance industry refer to as a “hard market.” What causes a hard market? Hard markets are caused by many factors, these can include increased underwriting loss – a loss made by an insurance company in a particular period- , increases in natural disaster claims, increased litigation costs, and increased economic challenges. All of these factors make it more expensive for insurance companies [...]

2024-02-06T16:37:43+00:00February 6th, 2024|

Golden Milestone: Celebrating 50 Years of Excellence

In the world of insurance, where trust and reliability are critical, reaching the 50-year mark is worth a celebration. Gannon Associates Insurance is proud to be celebrating their golden anniversary this year. Established in 1973 by Max Gannon, Gannon Associates Insurance has been a source of support and security for countless individuals and businesses across our area and beyond. As they commemorate half a century of unwavering dedication to their clients and commitment to insurance excellence, it is the perfect time to reflect on the journey that led to this remarkable achievement.   [...]

2023-12-22T17:43:41+00:00December 22nd, 2023|

Short Term Rental Property Insurance Needs

Vacation season in the northeast is approaching and for those who own investment properties, it means business is picking up. Services like Airbnb and VRBO are very popular ways to vacation and travel these days, with many investors buying homes in popular destinations to rent out. Some people are even utilizing their own homes to temporarily rent out for extra income. As the owner of one of these investment properties or the homeowner who rents out their home, you need to be careful when it comes to your insurance coverage! Insurance for these [...]

2023-04-28T14:48:24+00:00May 21st, 2023|

Things To Know When Renting An Apartment In The Winter

Winter brings with it plenty of situations with your apartment that may not concern you during the warmer months. When the snow falls and the temperature drops, questions regarding snow removal, heating, property maintenance, and parking come to mind. Here are some things you should know when it comes to renting an apartment during the winter months. Snow Removal. Who is responsible for shoveling the sidewalk and driveway? Are there any city or town ordinances you need to be worried about? Who provides rock salt? When it comes to snow removal and safety [...]

2022-11-27T12:13:32+00:00November 27th, 2022|

Preparing Your Home For Vacation

Summer is here and that means vacations are on the horizon! Whether you are going to a family beach trip or seeking thrills at your favorite amusement park, you don’t want your fun ruined by thoughts of what is going on at home. Give yourself some peace of mind by protecting your home from theft and damage while you are away. Here are some tips to help you prepare your home for your vacation: Appear Lived In. An empty house is an open invitation to intruders. Giving the appearance of activity in your [...]

2022-06-01T14:44:06+00:00June 26th, 2022|

Creating A Home Inventory

We’ve talked about why creating a home inventory catalog is important. Having a record of your possessions can help in the event of a claim or loss. Now, let’s discuss how exactly you go about creating a home inventory catalog… Step 1. Determine What Tool You Will Use. You could keep a simple written version, for example, check out this one from one of our carriers, or a digital format such as a spreadsheet or Google doc. There are even apps that will help you to create one, you can learn more about [...]

2022-04-26T17:33:18+00:00May 8th, 2022|

Flood Damage VS Water Damage

From flash floods to roof leaks, we’ve all heard the stories of someone who lost their home to water. The most commonly asked question we get in this case is what is flood damage vs water damage? Let’s dive in… no pun intended. Flood Damage Flood damage is defined by the National Flood Insurance Program as “A general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or two or more properties from: Overflow of inland or tidal waters Unusual and rapid accumulation or [...]

2022-04-26T17:37:39+00:00May 1st, 2022|
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