Buy the Umbrella before the Storm: The Importance of Flood Insurance

When thinking about risk management, floods – and by association, flood insurance – are often dismissed as a wasted expense or optional add-on. Buyers rationalize that flash floods and damage from rainfall are things that only happen to “other people.” It brings to mind Noah’s ark, surging rivers, and tsunami waves crashing on the coast.  Sadly, however, this is actually something that every person should be thinking about. Damage from elements, particularly water, can have a serious effect on your life.

The top three causes of flooding are:

  1. Too much rain
  2. Broken water main
  3. Clogged/blocked external drains

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5 Things to Know About Boating

Spring is here! With sunshine and blue skies overhead and Opening Day of the boating season on the horizon, nautical northwesterners are itching to get on the water. Before you launch your boat this season, take a few moments and review your insurance policy; coverage can vary greatly from policy to policy. Here are five scenarios to consider before donning those topsiders:READ MORE

Stephen King Horror Moment – the Importance of the Umbrella

Have you ever sent a text message while driving? Taken a phone call in the car and your Bluetooth didn’t sync – phone held up to your ear – multi-tasking, juggling work, family and deadlines? In the blink of an eye, perhaps traffic stops, a motorist swerves, a pedestrian pops out unexpectedly and you’re responsible for a significant accident. The injured party sent by ambulance to the Emergency Room, perhaps multiple surgeries, multi-year rehabilitation and then a law suit ensues, totaling millions.

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Reviewing Your Life Insurance

10 Potential Pitfalls and How to Protect Your Beneficiaries

1) Naming a Minor Child

Insurance companies will not pay the proceeds of a life insurance policy directly to a minor. Absent a trust or other specified legal arrangement, a court-appointed guardian will handle all proceeds until the child reaches legal age (18 or 21, depending on the state).

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Fall’s Arrival and the Return to School of Kids and Grandkids

Young adults are on the move – you’ve packed them up, bubble wrapped precious treasures, the sound of packing tape howling as it seals another box headed to college. The SUV completely stuffed – perhaps a U-Haul Truck depending on the size of the move. Whether it’s a dorm room, off campus housing, fraternity or sorority row house – some insurance considerations come into play.

Does it make sense for your college student to start a renter’s insurance policy (a baby homeowners policy for those away from home) – providing coverage for their household contents and personal liability?READ MORE

Tesla, TDI and High Performance Vehicles: Liability, Assets & Analysis

Innovative engineering and breakthroughs in design continue to break ground in the automotive industry. These new vehicles are in high demand; in the last 12 months we have seen a surge of high end new car acquisitions.

The Tesla is experiencing great success – even while under active investigation by the U.S. National Highway Traffic Safety Administration.  Audi has reported record sales of its Q5 – and continues to advance technology with ground breaking advances in the TDI clean diesel market.  Sadly, Paul Walker’s tragic fatality accident in a Porsche Carrera GT highlights the challenges and perils of high performance vehicles.READ MORE

© 2018 Coldstream Capital Management, Inc. & Rainier Group Investment Advisory LLC d.b.a. Coldstream Wealth Management. All data shown includes information from combined entities. All Rights Reserved.