Summer, Seafair, and Clowns: All offered at your local insurance agency

Believe it or not, we are already more than halfway through August, and Summer is coming closer an end! The Seafair extravaganza has settled down, and boaters are trying to cherish their last water excursions on the lake. It surely does not feel like the end of summer with this warm weather, but if you haven’t noticed, lately, after 5pm, it has been rather chilly in Seattle!

Speaking of Seafair, we have our very own clown in the mix. For over 30 years, George Anderson Jr. has been participating with the Seattle Seafair Clowns. Although these clowns are known to be in Seafair, they also entertain thousands of guests at local parades, festivals, and concerts. This group is made entirely of volunteers, which undoubtedly portrays the passion of culture and entertainment among these participants.

According to “seafairclowns.org”, the group spends over 125 hours at Seafair alone to entertain guests. Travelling all over Seattle, they make extensive trips and efforts to make their presence known (just by looking at their online calendar from July, they range from 4-8 events a day during Seafair, lasting around 10+ hours a day!).

In addition to their local entertainment, the Seafair clowns participate in neighborhood community service. For those that cannot attend special events, the clowns make trips to hospitals, nursing homes, care centers, and charities just to brighten ones day.

The Seafair Clowns Foundation is a non-profit organization, and can always accept donations. You can show your support to this historic tradition by clicking the link below:

Source: http://www.seafairclowns.org/

At Magnolia Insurance, we are more than just asset protection. With busy lives outside of insurance, our agents know what it is like– especially with hectic schedules and inflexibility. Even with a day off, schedules can get out of control. If you ever need a break or happen to be walking past the village, feel free to stop by Magnolia Insurance – we would love to talk with you about anything, anytime.

Sincerely,

Magnolia Insurance

magnoliainsurance@comcast.net | (206) 284-4886

3424 W. McGraw St.

Seattle, WA 98199

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Iwakuma and his No-no… Still a window of hope?

Two nights, history was witnessed in Safeco Field. Hisashi Iwakuma became the fourth pitcher in Mariner’s history to throw a no-hitter (the Mariners threw a combined no-hitter in 2012, but does not match up to the feat of a single thrower). Iwakuma stuck out seven while walking three, allowing the Mariners to beat the Orioles in a 3-0 shutout. Incredibly, Iwakuma did not feel pressured to throw a no-hitter until the ninth inning when 3B Kyle Seager made an amazing over the shoulder catch into foul territory. Mariner’s catcher Jesus Sucre felt the no-hit intensity by the seventh inning.

Not many, even Mariner’s skipper Lloyd McClendon expected Iwakuma to throw a no-hitter. Battling with constant injuries at age 34, Iwakuma did not seem healthy enough to accomplish this feat. Iwakuma also does not have a fireball fastball that stifles hitters; his off-speed, however, is just nasty.

But when we look to Iwakuma’s past, he was up in the ranks for the Cy-Young award two years ago. Iwakuma seems to have finally gotten everything together after this recovery period. Unfortunately, he is up for free agency at the end of this year.

After this spectacular performance, what does this mean for the pitching staff, the Mariners and the fans? For being almost 8 games under .500, it definitely says a lot. For true miracles to happen, events like these must occur. Iwakuma’s effort cannot go to waste; the Mariners must contribute from here on out to back his effort. Starting with an away game today at Fenway, the Mariners will have to win the series against the Red Sox, as well as most others from here on out in order to gain a spot in the Wild-Card Race. Thankfully, previous MLB Commissioner Bud Selig allowed the top two teams in each division to face-off in the playoffs. The Mariners might just have a chance moving forward.

According to The Seattle Times, 3 of the 5 key plays that turned the table was (1), with one out, Iwakuma walked the first batter in the eighth inning and fell behind on a 3-1 count to the next batter. Luckily this batter grounded into a 6-4-3 double-play to end the inning.  (2) Kyle Seager racing over to the foul stands along the 3rd baseline, made a stunning over the shoulder catch, basket-style for one out in the ninth inning. (3) Oriole’s hitter Gerardo Parra hit a potential landing ball into-left-center; thankfully, Mariner’s center fielder Austin Jackson got a good read and caught the ball to seal the deal on Iwakuma’s no-hitter.

And now, for some unique fun facts about the Mariners and their no-hit history:

  • The M’s have had the last three no-hitters in the AL.
  • Accomplishing a no-hitter in the AL is commonly a tougher feat than the NL because of the designated hitters, who are very talented and skilled offensively. “There are no easy outs in the American league” quotes Lloyd McClendon.
  • Wednesday’s no-hitter was the second all-time by a Japanese-born pitcher in the MLB.
  • Safeco Field has seen four no-hitters in its history, including two perfect games. Chicago White Sox pitcher Phillip Humber was the other feat besides Felix Hernandez, who did it in the same year in 2012 at Safeco Field, against the Mariners.
  • For Hisashi Iwakuma, he is just getting started, he is just treating this majestic game as a stat– it was his first complete game, shutout, and no-hitter all in one.

Source: The Seattle Times

We would love to hear what you think about Iwakuma and the Mariners moving forward! Like always, you can call, message, or email us at Magnolia Insurance Agency.

Sincerely,

Magnolia Insurance

magnoliainsurance@comcast.net | (206) 284-4886

3424 W. McGraw St.

Seattle, WA 98199

Summer Options: Want a Boat?

As with most Seattle summers, boating is one of the most desirable things to do. Almost every day on Lake Washington you will see a boat going 25+ mph tugging a water skier, inter tuber, or just going for a booze cruise. Have you ever wondered: “Man I would really like to have a boat out here too!” We are here to answer that question.

To make a boating experience truly enjoyable, you should not need to worry about your safety and protection of others. In other words, similar to motor vehicles, investing in a boat demands insurance protection. Here are some things to consider when investing in boat insurance:

  • Navigation and Geography: How far will your boat travel on a day-to-day basis? What is your boat’s “coverage”? Some insurance plans vary on the amount of ground they allow a boat to travel.
  • Agreed Value Coverage: By having this insurance coverage, it maintains the value you bought the boat for (similar to cars, boats tend to depreciate in value over time), so if your boat happens to get stolen or vandalized, this policy will cover you boats full value, minus your personal deductible.
  • Liability Coverage: In case of an accident, boat liability covers other boaters or boats that get damaged if you are accused of causing the accident. Boating liability is an essential pillar of boat insurance, since it not only covers the physical restoration/replacement costs of over boats, but the property and assets of other boat passengers as well.
  • Medical Payment Coverage: Another pillar of boating insurance, medical payments cover the physical health and well-being of your passengers (if there is accident in your boat) and other boating passengers (if your boat caused accident in another boat– covers both personal and liability options).
  • Physical Damage Coverage: In case your boat watercraft, engine, seats, or other equipment in the boat gets stolen or damaged, this plan will replace it.
  • Uninsured/Under insured Boaters: Boat insurance is optional (but highly recommended!!!), and some boats are not covered/protected. Some boat insurance policies have uninsured watercraft protection, which protects you and your passengers if you are hit by an uninsured boat.
  • Fuel Spills/Sinking (S.O.S.!): Sometimes the worst can happen. If your boat engine leaks fuel into the water or starts to sink, this can cause very problematic legal and environmental issues. As a boat owner, you are lawfully required to clean up this mess. Make this job easy on yourself by opting for this insurance coverage (known as “Fuel Spill Liability” or “Wreckage Removal”).
  • Personal Asset Protection: Some boat insurance policies are so specific that it can even cover your smaller, personal assets that you have in the boat, such as jewelry, phones, wallets, clothes, swim equipment, and other small items. These limits can vary by state, so talk with your local insurance provider to find out this information.
  • Unattached Equipment Coverage: This plan protects items that are not physically attached to the boat, but are used mostly on the boat– water skis, inter tubes, fishing equipment, oars, and fire extinguishers are several examples of unattached equipment coverage.
  • Emergency Assistance: In case you boat breaks down in the middle of a body of water, this pays for emergency towing, fuel refills, loaned batteries, etc. Furthermore, this is the coverage for “disabled” boats.

While there are many options to choose from for boat insurance, the best ones to consider are those covering the health and safety of you, your boat, your passengers, other boats, and other boating passengers. More importantly, if you are investing in a boat, you can call us at Magnolia Insurance Agency, and we can get you to find the most suitable, appropriate, and affordable boat insurance coverage. Once the insurance is squared away, you can have as much fun as you want on the water– we have you covered!

Sincerely,

Magnolia Insurance

magnoliainsurance@comcast.net | (206) 284-4886

3424 W. McGraw St.

Seattle, WA 98199

Young Driver Insurance: Suggestions and Advice

When teens just graduate high school, they are looking for a sense of independence. Whether this means living away from home, going to college out-of-town, working a new job, or driving a car, it is important to stay connected with your family!

According to “Insurance Journal”, it is important to remain under your parent’s insurance policies (for most states in America) until you consider living away from homeFor financial stability and long-term insurance coverage, consistent communication with family, friends, and co-workers is everything. for at least a year. Auto insurance in particular saves much more money when insured under your parents.

On average, 18-yr olds pay 18% more for car insurance if they sign up for an individual policy as opposed to remaining under their parent’s policies. This number varies by states, so the percent change could potentially be worse. Only in Arizona, Hawaii, and Illinois it is cheaper to establish insurance policies independent from your parents after age 19.

Since teen drivers are known to be higher risk on the road (especially those just getting their licenses and learning to drive), getting individual auto policies already add to the high cost of insurance a teen driver. Insurance journal states that parents with an 18-yr old on their policy pay an average of 77% more than they would without the teen. This number is certainly high, but would be much higher if the teen was independently insured.

The bottom line for investing in insurance comes with experience. Young drivers have a very limited track record, not much credit history and therefore it is harder for the insuring auto company to establish a foundation of trust and credibleness for the driver. As a teen driver ages and develops his driving ability, his premium lowers (assuming one keeps a clean driving record), and bottoms out after age 24.

So our advice from Magnolia Insurance is to stay connected with your family! For financial stability and long-term insurance coverage, consistent communication with family, friends, and co-workers is everything. Besides, there is nothing like a weekend family getaway or game night. If you go to college out-of-state, it only takes ~5-10 minutes to call or text home.

When you are ready to move out from home, graduate from college, and/or live independently on your own finances, then it is important to look at independent insurance. We will discuss this more in the next couple blog posts!

Source: http://www.insurancejournal.com/news/national/2015/08/10/378000.htm

How do you think we are doing? Please let us know by contacting us at Magnolia Insurance Agency.

Sincerely,

Magnolia Insurance

magnoliainsurance@comcast.net | (206) 284-4886

3424 W. McGraw St.

Seattle, WA 98199

Warning: Small businesses are more and more at risk! Importance of insurance.

Recently, the popularity of entrepreneurship has increased over the past 15 years. It is not necessarily a fad, but more of an expression. More people prefer to customize how they work, where they work, when they get to work, and what they work on. While this can seem advantageous, we must realize the current risks involved in this process.

According to “ACE Insured”, small businesses are at risk. Ironically, organizations with or fewer than 20 employees comprise 90% of all business activity in the United States! These businesses are at risk because they are not properly covered against legal expenses, cyber-crime, environmental concerns, and many other liability coverages. While insurance needs can vary by company, it is important to realize the essentials of liability coverage and personal/commercial coverage. In addition, if commercial insurance is covered by a large insurance broker, they are often not as knowledgeable about specific coverages necessary to the client involved. As a result, there are often many gaps and threats left open against commercial businesses.

Some quick facts:

  • 50% of small businesses survive their first five years of operation in the US. Of the ones who failed…
  • $100 billion = the amount businesses pay to settle legal troubles every year.
  • 166% increase in cost of commercial and auto insurance claims between 2009 and 2013.
  • 25% rise in lawsuits relating to workplace harassment since 2006
  • 300% increase in cyberattacks on small businesses since 2012
  • 57% of lawsuits are lodged against companies with revenues below $1 million
  • 40% of businesses fail to reopen after disaster.

So where do these numbers lead us? It shows that business owners, property investors (including contractors, carpenters, and landscapers), and even volunteers need property coverage, general liability, and most importantly, proof of insurance. Cyber protection and liability is particularly on the rise and become a greater risk in the near future; it is important for business owners to have this specific coverage. Volunteer/non-profit organizations cannot attract audience members if they do not have proof of insurance and comprehensive commercial coverage. This is why talking with a personalized agent helps prevent these threats and give you the required and necessary insurance policies for your protection and safety (as well as others). Even better, investing in the proper insurance with personalized agents will actually result in long-term profits and stability.

In summary, the businesses that are currently most at risk from spacey insurance coverages are:

  • Bars, restaurants and retail liquor stores (issuing of liquor/liability risks)
  • Contractors and home repair specialists (damage risks to home/liability)
  • Medical offices, law firms and private shops (health insurance spottiness/liability)
  • Homeowners associations (home insurance risks/commercial home insurance gaps)
  • Real estate investors and property developers (vacant lot coverage, lots that remain vacant during renovations)

We hope you are more convinced that sticking with a personal, specialized agent is the best way to go for your own personal (and possibly commercial) insurance coverage. We want to ensure safety, health, and economic stability!

If you have any questions of concerns, don’t hesitate to contact us at Magnolia Insurance Agency.

Sincerely,

Magnolia Insurance

magnoliainsurance@comcast.net | (206) 284-4886

3424 W. McGraw St.

Seattle, WA 98199

When Not to File an Insurance Claim (aka “How to keep your premiums low”)

One of the main reasons for having insurance is to offset risk, especially major risks and losses….. events that will affect your financial wherewithal. We pay insurance premiums throughout our lives for a multitude of different risks. When a possible claim occurs, an initial thought might be “I am finally cashing in on some of those premiums!”

You might want to think twice before filing that claim… Not only do you want to consider strategizing before filing your possible claim, you might want to hold off on even calling your insurance company (ALTHOUGH WE ALWAYS ENCOURAGE YOU TO CALL US – WE ARE YOUR ADVOCATE). If you are a constant “claimer” your premiums will reflect this. So, it all comes down to whether it’s worth it to file a claim in the long run. Take time to consider your options.

DO YOU HAVE A CLUE?

Many insurance companies consider “calls of inquiries” as a claim without your knowledge. Comprehensive Loss Underwriting Exchange (CLUE) is a database that keeps records of all claims. This is not a database you want to land on accidentally by making an inquisitive phone call.

The easiest defense against this problem is to know your coverage and deductible amounts. With the knowledge of what your insurance covers, and the amount (i.e. ring, roof or fender) you can be better armed with the power to make your own decisions and not put yourself in a possible accidental or unworthy claim.

Speaking of deductibles, I believe that carrying a high deductible will likely save you money over the long term. Most insurance can be looked at as a defense for a major event. Not reaching to your insurance to cover minor or lower cost repairs or replacements can be a good defense against higher long term premiums. If you are a claimer with lower deductibles, you are likely to have higher than necessary premiums.

WHEN SHOULD YOU FILE A CLAIM

When there is bodily injury, or a question of bodily injury, the insurance company must be notified right away not only to get your statement, but to mitigate any damages. And, if there is substantial damage to an asset, a claim must be filed. After all, that is what you are purchasing the insurance for! Then, insurance is used for its true intended purpose to protect your assets and protect you against substantial financial loss.

We are here to be your advocate, listen to you, and advise you of your options. We are here for YOU!

– Toni Matous CPCU, CIC (Cell: 206.228.5898, Office: 206.284.4886)

Toni@magnolia-insurance.com

3424 West McGraw Street, Seattle, WA 98199, USA

Transitioning: What is Insurance all about?

When the thought of insurance runs through our mind, most of us think of it as a long whirlwind to go down. Insurance to many is viewed as a maze– once you get in, you will not know how to get out. In reality, Insurance behaves in the opposite fashion– it is supposed to work with your lifestyle.

As one advances in their job opportunity and acquires more assets, they often have to expand their insurance policies. For example, when one graduates college, they are often not as economically stable, and simply cannot afford large amounts of insurance. From this conclusion, we can infer that their most important assets – car and health, are top priorities. In addition, most college grads prefer to live away from home, and need to rent an apartment or living space. From driving, to living, to basic health, one will only need auto insurance (basic coverage), health insurance (in case health concerns arise), and renters insurance (to cover assets in rented condo, apt., etc.). When one is able to afford a home, they can look into homeowner’s insurance and drop the renter’s insurance. Insurance is a process that adjusts accordingly with your life, and it is important that you stay up to date about the right insurance by talking with your insurance agent.

The problem with current insurance (in America) is that it is not depicted as a simple process. Moreover, large insurance companies do not make the insurance experience understandable to their clients; they only gain interest by their special deals and offers. In reality, clients don’t know what they are getting their hands into– they do not get proper knowledge from multiple standpoints about the coverage of their insurance policy. Many clients are so uninformed about insurance that they may be paying too much for their premiums without even knowing about it!

This problem brings us to the importance of sticking with a local, personalized agency. By talking with an agent (especially by going into the agency itself), you can obtain a much better understanding of insurance, what certain insurance policies offer, and what you are gaining and missing. Agents help you find the best quality deals that are suitable to you and your needs, whether it means finding an inexpensive policy, a large coverage policy, or something in between. Either way, insurance agents really try to get to know you, and will go out of their way to be kind, respectful, trustworthy, friendly, and knowledgeable.

At Magnolia Insurance, we warmly welcome you to come into the agency any time, just to review your policies, know what each policy covers, stay updated on the news, or just talk with us! We often supply complimentary coffee and pastries– you can stay updated on these social events by finding us on Facebook and Google Plus.

If you have any other questions or comments, you can always contact us at Magnolia Insurance Agency.

Sincerely,

Magnolia Insurance

magnoliainsurance@comcast.net | (206) 284-4886

3424 W. McGraw St.

Seattle, WA 98199