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INSURANCE INSIDER

OCT-NOV 2010 Win this iPad

Page 3 Services We Provide •

Auto Insurance

Home Insurance

Business Insurance

Life Insurance

Renters Insurance

Boat Insurance

RV Insurance

Motorcycle Insurance

Surety Bonds

Farm Insurance

Church Insurance

Day Care Insurance

Restaurant Insurance

Flood Insurance

Earthquake Insurance

Clients Say It Best “Since we first moved to Washington in ‘98, Tradewinds has been with us every step of the way. Even as we opened our business and through our years of growth, Rita has been our go to person for all of our needs. We just wouldn’t want to work with any other agency.” Rusty Soop – Sedro Woolley

FA L L I S I N T H E A I R

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s I followed my son, Zach, on his Tour de Whidbey bicycle trek this past Saturday, it occured to me again how beautiful the Pacific Northwest is and how blessed we are to live in such a place. I have lived on Whidbey Island for over forty years and yet found myself on roads I have never traveled nor explored. As we traversed back and forth from Oak Harbor to Langely, I was amazed again at all the water views, green rolling hills and tucked away neighborhoods. From turning leaves to the morning fog clinging to the fields, it was also evident that fall has definitely descended upon us. It won’t be long until pumpkins are stacked at the entry of our local grocery stores and local farms and fields open their pumpkin patches, hay rides and corn mazes. For me, the onset of fall brings warm thoughts of family and all the fun traditions of the approaching holidays. Carving pumpkins, trick-or-treaters, large Thanksgiving gatherings and fires in the fireplace.

And always, mixed in with this time of year, are thoughts of all the things for which I am thankful...our community, our military, family, friends and especially our clients. As the holidays approach, we want to take the time to tell you how very thankful we are for your

business and for your continued support of our agency. It is an honor to serve you and your family’s insurance needs. Warm wishes,

Susanne Skilbeck

CHANGING NEIGHBORHOODS

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ith the tough economic challenges we are facing, we have seen the face of our local neighborhoods begin to change with more “For Sale” signs and homes that are sitting empty. A recent Seattle Times article stated, “...In many neighborhoods, “For Sale” signs rival the number of telephone poles and some of those signs are weather-beaten!” Whether you find yourself needing to move for employment reasons or for other economic reasons, remember, it’s not enough to ask your next-door neighbor to keep an eye on your property until it is sold or the new owners move in. You will also

need to contact your agent to discuss necessary changes in your insurance coverage. A standard homeowner policy is designed to cover an owner occupied home. If you leave your home vacant for a month or longer, your policy may not cover certain losses such as vandalism or damage caused by frozen pipes. Depending on your individual situation, you may need to purchase a vacancy policy or, if you decide to rent your home, a landlord policy. Premiums for these policies are higher than premiums for owner-occupied homes but the policy will reimburse you for losses that a homeowner policy will not. Contact our office today to discuss these policies further.


Auto

Home

Don’t let business risk share your home

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he diversification of the US economy over the past generation has meant that millions of Americans have started their own businesses...still chasing the dream of being their own boss. And the trend may pick up during the economic slump we are currently facing because of hiring slowdowns and spikes in corporate layoffs. Small businesses are the biggest driver of job growth, generating 60 to 80 percent of new jobs annually over the last decade, according to the US Department of Commerce. Small

firms employ half of US workers. And the sole proprietor is alive and well: In 2005, there were six million firms with employees but a whopping 20.4 million firms who had no employees other than the owner, according to the Small Business Administration. Of all small businesses, 52 percent are home-based. That means millions of Americans are earning their business income where they live. But business owner beware: Don’t expect homeowners insurance to cover business risks. Business insurance offers protection from liability and property risks. Often these coverages are combined into a package policy called a BOP or Business Owner’s Policy. Millions of small and mid-sized business owners purchase or renew their BOP every year. Typically, a BOP includes: Property Insurance for Buildings and Contents of the Business A home-based business might not need coverage for their property, since it’s already insured against risks of fire, lightning and windstorm. This coverage may not be adequate, however,

because homeowners policies often have “sublimits” restricting coverage for business property. For instance, the homeowners policy may cover business property, but typically only up to $2,500 while it is “on premises” and up to $500 while the property is “off premises”. A homeowner policy may also be inadequate if there are additional risks to the structure because of the presence of business operations. One example of inadequate coverage was a home-based retail cosmetics business that kept $20,000 of inventory in a garage that caught fire. The inventory was covered only up to the sublimits of the homeowners policy. Another example: Coverage would be limited to the “off premises” limit of $500 if a laptop computer valued at $1,500 is stolen while the business owner has it away from home. If there are additional structures on a residential property where the homeowner operates a business, those won’t necessarily be covered by homeowners insurance. For example, a detached garage that serves as a small-engine repair shop would

not be covered by homeowners insurance; the business owner would need a policy endorsement to gain coverage. Business Interruption Insurance This protects against loss of income resulting from a fire or other covered loss that disrupts the business. This coverage can also include the extra costs a business shoulders while it works from a temporary location. A fire in a home can be double trouble for a home-based business. Liability Insurance This protects the small business for legal responsibility for damage it causes to other people or entities. Liability insurance is usually priced according to the risk of the industry in which the business operates. A business that manufactures toys, for example, faces different risks than a consulting firm. Liability insurance shields a business and its employees if they cause bodily injury or property damage. Contact our office if you have a home-based business so we can help you determine what type of insurance protection your business needs.

did you know....w e s e l l l i f e i n s u r a n c e ? ______________________________________ Have You Reviewed Your Coverage Lately? ______________________________________ Even if you already have life insurance, it’s important to review your coverage whenever life changes:

New Debt Buying a new home, taking out an equity loan, refinancing or making a big purchase can increase financial responsibilities.

Marriage Newlyweds typically want to make sure a surviving spouse can pay the bills and send the kids to college. New Baby Each new child — whether through birth, adoption or marriage — increases the family’s financial and

caregiving responsibilities. Retirement Life insurance can help with final expenses, create an income-tax-free inheritance, or replace lost income from Social Security or pensions. Promotion Coverage may need to be increased to match a new, higher salary, or simply to replace an at-work policy after leaving a job. Divorce Even when emotional ties are broken, some financial obligations cannot be dissolved. Life insurance can replace alimony or child support, or help pay for childcare if the primary caregiver dies.

Call us today at 1-800-321-3737 for a review of your current coverage or to request a quote.


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Seasonal Business Autos

ot a seasonal business? Progressive Commercial offers competitive rates and exceptional coverage for all your hardworking vehicles, from pickups and dump trucks to tractors and trailers. And their Comprehensive Only coverage option protects your stored vehicles during the off-season. When it’s time to get back to work, it’s a snap to restore full liability coverage to your policy. So whether your vehicles are hard at work these days or dormant for the winter, we can help.

Dog Bite Claims Rise

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og bite claims cost the insurance industry $412 million in 2009, an increase of 6% from 2008. With more than 50% of the bites occurring on the owner’s property, there is a cause for your concern. With the increasing frequency of dog bite insurance claims becoming a reality, taking a few practical steps may save you a major legal hassle. Check out my article in the next few newsletters for a list of tips to help you avoid a dog bite liability.

Joanna

business Chris

Lorriane

QUICK TIPS

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Fireplace Safety Tips

ith the onset of fall, here are a few fireplace safety tips to remember: Have the chimney inspected annually by a certified chimney sweep Build smaller fires with seasoned wood or artificial logs Never burn paper or trash Install a carbon monoxide detector and check smoke detector batteries Keep a fire extinguisher within reach Never leave the house or go to bed with a fire still burning

5 h o m e r e pa i r s n o t t o i g n o r e

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ccording to Consumer Reports.org, you might be tempted to put off fixing your home until the economy rebounds. But some problems, if

left unchecked, can lead to thousands of dollars in repairs and might even compromise your family’s health, such as mold contamination. The trouble signs are easy to spot, provided you know what to look for. Here are the five biggest red flags of home maintenance. Runaway Rainwater Check gutter systems seasonally (gutters, downspouts and leader pipes should collect rainwater and channel it away from the house). In wet regions, leaders should extend at least 5 feet from the house. Soil around the

foundation should also slope away from the house - at least 1 inch per foot for 6 feet or more. Roof and Siding Check your roof for missing, cracked or curled shingles. Also check flashing around chimneys, skylights, etc. Check your siding where it meets windows and doors...a $5 tube of caulk may save you thousands in repairs later. Pest Infestations Termites and carpenter ants gravitate to moist soil and rotting wood. Keep mulch, firewood and dense shrubbery away from your

foundation. Make sure you have regular pest inspections. Mold and Mildew Musty odors, dank air and family members with chronic runny noses are warning signs. Check under carpets and around windows for visible mold or mildew. If the area affected is larger than 10 sq ft, contact a professional. Foundation Cracks Some cracks are harmless but others can mean trouble. Walk around your house with a No 2 pencil...if the pencil can go into the crack, it may be a sign of a major problem so contact a professional.

WORKING BY REFERRAL...

We consider it the highest compliment when our clients refer their friends and family to us. After all ... the kind of people we want to work with in the future are people just like you! To show our gratitude, we offer our referral program. When you send us a referral this is what happens: • • • • •

We ask how they heard about us When they mention your name, we send you a $10 Pizza Gift Card We donate $5 to our 2010 Charity, The North Whidbey Help House We enter your name in our Monthly Drawing for a $50 Gas Card We enter your name in our 6 Month Drawing for an Apple iPad

A free pizza and two chances to win

BIG.....now that’s easy!

Win this iPad


P O B ox 2 2 5 0

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PRSRT STD U.S. Postage PAID Permit 46 Oak Harbor, WA 98277

Oa k H a r b o r , WA 9 8 2 7 7

R E T U R N S E RV I C E R E Q U E S T E D

Phone: 800-321-3737 Fa x :

360-679-3110

ON THE WEB

e-mail: askus@tradewindsins.com

Check out our website at www.tradewindsins.com Request a quote 24/7

Licensed in WA, OR, NV and AZ

“A review of our home policy resulted in a savings of 36%. Thanks Tradewinds!”

Greg Gehrman – Camano Island

“Lorriane has always serviced my family’s insurance needs with care and professionalism since Day 1. And (she is) always looking for the best rates!”

Robert Wood – Oak Harbor

2010 charit y - north whidbey help house

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he change of weather and upcoming holiday seasons always bring to mind the things I am thankful for; my family, home, business, community and church. It also makes me aware of how much I have been blessed and how, for some, the past year has been a struggle to simply provide the necessities for their family...how a simple gift of food can be a blessing. One of the ways in which our

business has decided to give to our local community is through adopting local charities each year and doing what we can to raise money, awareness and contributions that enable them to continue functioning. For 2010, we have chosen the North Whidbey Help House. Through the summer months we have sponsored a food drive, emptying our donation basket repeatedly to deliver donations to the Help House. We want to

why you need classic car coverage

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ou may have noticed there’s a big difference between collector car and regular-use auto policies. As a rule, standard insurance policies are not designed for collector cars and carry premiums that can cost up to five times more than those offered by a specialty program like Hagerty Collector Car Insurance. And low premiums aren’t the only thing that set this policy apart. Other benefits include:

Agreed Value Coverage - In the event of a total loss, you’re guaranteed a check for the full agreed value. Single Liability Charge - You’ll be charged only one liability fee no matter how large your collection. Low Premiums - You’ll receive the lowest rates available for such complete coverage. In-House Claims - claims are handled quickly and knowledgeably by the most collector

car-savvy team in the business. Repair Shop of Choice - In the event of a claim, we let you choose your repair shop. No Deductible - If you have a claim, you pay nothing!! Automatic New Purchase Coverage - Instant coverage is extended for up to 30 days on stock vehicle purchases up to $50,000. Call us today to discuss your classic vehicle coverage!

thank all of you who have participated! We have decided to continue the drive through the remainder of 2010. If you wish to make a donation, please drop off your non-perishable items at our office Mon-Fri (8:30 to 5:30). We also encourage you to contact the Help House (675-3888) directly if you are interested in donating part or all of a holiday basket for a local family.

Susanne Skilbeck


Tradewinds Newsletter Oct-Nov2010