Motor Vehicle

• Auto Insurance
  Tickets and at fault accidents can have a very negative effect on your premiums. Young drivers should be especially aware of this as they are charged the highest rates due to lack of driving experience. Here is a brief summary of auto insurance coverages...
• Motorcycle Insurance
  Homeowners policies will not cover damage to motorcycles due to specific exclusions in the policies. Never assume that your homeowners policy will provide coverage for a motorcycle that is parked in your garage. Here is a brief summary of motorcycle insurance coverages...
• Boat Insurance
  Personal umbrella policies are designed to provide liability protection over and above the liability limits shown on your auto, home, cycle, all terrain vehicle, snowmobile and boat insurance policies. The underlying policies are listed and a charge is made for each exposure. A liability limit of $1,000,000 is the most common amount of coverage purchased. Higher limits of $2,000,000 up to $5,000,000 are frequently available. The liability limits of the underlying policies must meet the requirements of the insurance company writing the umbrella. Generally the insurance company writing the umbrella will require that they also provide coverage for the underlying policies.
• Inland Marine Insurance
  This is a policy that provides coverage for injuries to employees as a result of performing job related duties. Coverage for medical bills, lost wages and lump sum payments for serious injuries or death are provided. This coverage is required by state law for employers paying over $500 in wages to employees during a calendar quarter. The state has a nine point test to determine whether the person you pay is considered an employee or is an independent contractor for worker’s compensation purposes. Failure to follow the proper rules can result in significant fines by the state. The premium is based upon wages paid to employees with the state setting the rates for each job category.

Property

• Home Insurance
  Joann Schodron joined the Agency in 1984. She specializes in health and life insurance but also handles auto and home insurance. John and Larry’s brother Rick joined the business in 1997 after spending several years at B C Ziegler. Rick handles the investment side of the business selling stocks, bonds, mutual funds, IRA’s, retirement funds and life insurance. When Rick joined the name of the business was changed to Gundrum Insurance & Investments.

Health and Life

• Life Insurance
  Life insurance is important protection for those who have others depending on their paycheck. In the case of an unforeseen death, your life insurance policy should provide your dependents with ongoing income to replace yours, as well as to accommodate expenses such as funeral or other built up medical costs. Life insurance can also offer reduced income and transfer tax liability, and can be a ready source of cash at times when its likely needed most.
• Health Insurance
  Under the new law as it is currently written, no new applicant will be turned down for any reason. Short Term Health Insurance can be purchased for those between jobs or waiting for employer benefits to start.
• Disability Insurance
  Planning a solid insurance strategy is a necessary and valuable service to protect you and your loved ones. At GII, the first step we'll take to put you on the right track is a careful assessment of your assets. We'll work with you to determine what types of insurance you may need, how much you'll need and finally how you may obtain the most appropriate plan(s) at the lowest cost. The strategy we build for you may include many different components such as variable or term life insurance, disability insurance, long-term care insurance, disaster insurance and/or business insurance. Because your needs are unique, we'll tailor the plan to protect what is most important to you.
• Long Term Care
  To protect yourself and your loved ones, Life, Health, and Long-term Care Insurance should not be ignored. We can help you wade through the technical language to find the appropriate coverage you need.

Business

• Business Insurance
  The types of insurance you may purchase will depend on the specific needs of you and your loved ones. In addition to the types of insurance discussed above, you may also consider other specific insurance plans that we can help you set up. For example, if you are a small business owner, you may want to consider small business insurance. Similarly, if you have goals such as saving for your children’s education or leaving them with inheritance money, setting up trusts for these specific purposes may be an appropriate vehicle for reaching these goals.
• Workers Compensation Insurance
  With Business Insurance, we can provide you with the appropriate workers compensation, general liability, property, commercial auto or group benefits coverage. Whether you are a new business looking to grow or an established operation looking for better service, our Business Insurance lines will provide the confidence you need to know you are properly insured.

Personal

• Annuities
  There are many different types of annuities. For example, with deferred annuities, purchase payments are made in one large sum, and installment payments are set to begin sometime in the future. This is different from an immediate annuity, which is similarly bought in one lump sum, but payments are set to begin immediately. Additionally, there are fixed annuities, in which buyers are guaranteed to receive payments throughout either their lifetime or some fixed period of time. The amount of these payments is based on many different factors and determined at the time of purchase. Whereas, a variable annuity is one in which the insurer invests premiums in a portfolio of securities. The value of the annuity, and likewise the payments, depends on the performance of the portfolio.
• Liability Insurance
  Generally speaking a personal umbrella can provide slightly broader coverages than the underlying policies. Providing worldwide protection is an example of this broadening of coverage. Personal umbrellas are not designed to cover business exposures.