Thursday, August 28, 2014

SUV plows into S. Seattle hair salon; 7 hurt, building unstable

For the business owner, building owner and driver, this is not the time to be thinking I hope I have enough insurance!!     Hope everyone is OK. 

 

 

SEATTLE - Seven people were injured, including at least two children, when an SUV crashed into a hair salon in South Seattle. Officials said the two-story building now is in danger of collapsing.

An off-duty firefighter was in the area when the crash happened, at about 1:25 p.m. Thursday. He rushed inside the salon and extinguished spot fires under the SUV as police and medics responded to the scene, at Rainier Avenue South and S. Ferdinand Street.

Emergency responders arrived to find found the SUV completely inside the Carol Cobb Salon, with debris lying all around.

According to initial reports, four family members were inside the SUV and some of them were trapped by the debris. Firefighters quickly removed piles of debris outside the building to pull them free.

All four of those in the SUV sustained injuries. Two people inside the hair salon also were injured. Those six were taken to local hospitals but the extent of their injuries was not immediately known. A seventh person injured was treated the scene.

Kyle Moore of the Seattle Fire Department said the crash may have compromised the building's structural integrity. Two cracks have formed in the walls and are still expanding, he said.

"We're worried about whether this building might collapse, so we're bringing in engineers from the city to determine the structural integrity of the building," Moore said.

There was no immediate word on what led up to the crash.

All lanes of Rainier Avenue South and S. Ferdinand Street will remain closed in the vicinity while a structural assessment is completed on the building.

 

 

 

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Go Hawks

One week from today until we start for real.  Just happy the fourth pre-season game is away this year!! 

 

 

 

Friday, August 22, 2014

Go Hawks

Hope to see a lot more of Macklemore as I start my 29th year of working field operations for The Super Bowl Champions!

Go Hawks

Hope to see a lot more of Macklemore as I start my 29th year of working field operations for The Super Champions!

Thursday, August 21, 2014

10 Reasons To Get Life Insurance

Life insurance can be an important part of your financial planning. Many don’t even know why they might need life insurance. Luckily, there are tools to help answer your questions about this important decision.

In order to determine how much life insurance you may need, it’s a good idea to know exactly why you are buying it in the first place. This legal contract between an insured and an insurer, usually a life insurance company, requires premiums and guarantees a payment given to the insured’s named beneficiary upon his or her death. But insurance proceeds can go toward a number of financial obligations. Check out the reasons you may want to consider purchasing life insurance.

Life insurance can be an important part of your financial planning. Many don’t even know why they might need life insurance. Luckily, there are tools to help answer your questions about this important decision.

In order to determine how much life insurance you may need, it’s a good idea to know exactly why you are buying it in the first place. This legal contract between an insured and an insurer, usually a life insurance company, requires premiums and guarantees a payment given to the insured’s named beneficiary upon his or her death. But insurance proceeds can go toward a number of financial obligations. Check out the reasons you may want to consider purchasing life insurance.

No. 1: Income replacement

If you are a breadwinner in your home, insurance can help pay the bills or offer savings potential when your income is no longer coming in.

No. 2: Final expenses

With funeral and burial costs totaling more than $10,000, the death of a love one can leave quite a financial burden. Life insurance can help subsidize or cover these and other medical costs.

No. 3: Estate liquidity

When an estate is inherited, there are many taxes your beneficiary will have to cover. From paying income taxes to federal estate and state inheritance taxes, insurance policies can provide some help.

No. 4: Locking in a low premium

Premiums increase as people age. To optimize benefits, buying life insurance at a young age can lock in a low premium.

No. 5: Transfer family wealth

Life insurance policies can allow you to leave more money to your family as part of your estate.

No. 6: Build cash value

Whole or universal life policies offer a tax-advantaged way to build cash value.

No. 7: Cover debts

A life insurance policy can help pay off a mortgage loan so beneficiaries can continue to live in the home or to remove the immediate need to sell it. Debt can be inherited, and then follow your family around for years if they have to go into foreclosure or even declare bankruptcy. You can see how your debt is currently impacting your credit scores for free on Credit.com.

No. 8: Business succession

For a family business or otherwise, the continuity and succession may require costs like a stock redemption buy/sell agreement or cross-purchase. To protect your descendants and your company, life insurance can provide important funds.

No. 9: Tax benefits

Especially for high-income earners, policies can provide a tax shelter and alternative to IRA options.

No. 10: Charitable gift

A life insurance policy can help make a big impact to a cause important to the newly deceased. This could be done by donating the policy to charity or by naming the charity as beneficiary.

Once you’ve decided you need life insurance, it’s a good idea to research options and compare policies to meet your needs.

COURTESY OF MSN

 

 

 

 

Wednesday, August 13, 2014

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Tuesday, August 12, 2014

Extensive Insurance Terms Glossary

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Insurance Glossary

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