Three things to remember when purchasing home insurance

The best thing you can do to protect the investment you make in your home is to purchase quality home insurance coverage. We can help with that at AFI Insurance. We insure the homes of consumers in Denver, CO.

The following are three things you should remember when you purchase home insurance.

Home insurance coverage generally won’t include flood insurance.

Every homeowner needs to realize that a standard home insurance policy doesn’t generally cover flood damage. You need to invest in flood insurance separately.

You should be aware of the flood risk of your area as well as any possible FEMA flood insurance subsidies when you purchase flood insurance for your home. 

You need to make sure outbuildings are covered.

Another detail of your flood insurance policy you definitely want to look into is outbuilding coverage.

You can’t automatically assume that outbuildings like detached garages or barns will be covered under a standard policy. You need to read the fine print. You might have to invest in added coverage to get your outbuildings covered. 

You may benefit from investing in home improvements. 

Before you select a home insurance policy, it might be worth your while to look into the benefits of doing some home improvements. Home insurance providers might give you a better deal if you make some improvements to your home that enhance safety and security. 

Home improvements can do more than just get you a better deal on home insurance. They can also mean you’ll be more safe and secure in your home. Moreover, improvements can also bring up the resale value of your home. 

Would you like to learn more about purchasing home insurance in Denver, CO? Let us come to your assistance. Contact us at AFI Insurance with your inquiries and questions when it comes to your home insurance choices. 

Do all Denver car owners need auto insurance?

When you are living in the Denver, CO area, you are going to want to be able to get around the metro area as efficiently as you can. A great way to make your transportation process easier is by owning a car. If you do want to own a car here, it is important that you get the right insurance for it. There are several reasons that the typical car owner here needs to have insurance for their vehicle.

Insurance is a State Law

It is very important to get auto insurance in Colorado because it is a state law. Anyone that is here and owns a car has to abide by state laws regarding liability coverage. If you are going to drive on a public road, you will be required to have liability auto insurance in place at all times. This will ensure that you could pay for any damages that you may cause during an accident.

Insurance is Required by Lenders

Buying a car is a major investment that often requires taking out a loan. If this is the case for you, the lender will have certain auto insurance requirements that normally will include having a policy with full coverage. This requirement is designed to ensure that the lender’s collateral is protected until the loan is repaid. 

Car owners that are in the Denver, CO area have to ensure that they maintain proper insurance at all times. If you are looking for ways to cover your vehicle, it would be a good idea to call AFI Insurance. Anyone that works with AFI Insurance will find that their friendly and knowledgeable service is geared to helping people pick quality insurance policies. This can ensure that anyone remains properly covered and protected at all times. 

An Overview Of What Specialty Insurance Entails

AFI Insurance assists Denver, CO residents by helping them find insurance coverage. We strive to help our clients find policies to protect their most important assets. We take pride in providing excellent customer service to our clients and treating them like family.

Specialty Insurance

If you enjoy a lot of hobbies in your spare time, specialty insurance is an asset. Specialty insurance protects your assets from the normal risks that you encounter when you operate them. If you enjoy traveling around Colorado in your RV, you can add specialty coverage to protect you. The policy covers your RV if you are involved in a collision or if your RV is stolen. You are also protected if your RV suffers engine trouble and you need emergency assistance.

If you enjoy traveling in your boat during the summer, the insurance coverage will protect you. The policy covers your boat if you are involved in a collision or if your boat is vandalized. Also, liability coverage protects you during times when you host family and friends and an accident occurs. You also have the option to amend your policy to cover you if your boat capsizes.

During the winter in Denver, CO, many people enjoy riding their snowmobiles and exploring the Rocky Mountains. While you are having a fun time in the snow, snowmobile coverage will protect you if you are involved in a collision or if your vehicle causes damage to another object. Snowmobile coverage is a valuable asset because the snowy weather is often unpredictable. The policy will cover many of the possible risks that are associated with operating the vehicle.

AFI Insurance Will Help You Protect Your Prized Possessions

Visit our website to learn more information about specialty insurance.  

Exploring The Benefits Of Financial Planning Insurance

AFI Insurance proudly serves the Denver, CO community by offering residents multiple types of insurance coverage. We strive to simplify the process of searching for insurance for our clients. Providing excellent customer service is one of our core values.

Exploring The Benefits Of Financial Planning Insurance

Setting goals and plans for the future can be difficult, especially in regards to your finances. Financial planning insurance can help alleviate some of the stress that you may feel as you look towards the future. The policy allows you to help get your affairs in order so that there will be a smooth transition once you pass away. You’ll have to figure out the type of life insurance policy that you want. Whole life policies will cover you throughout your lifetime, while term life policies will cover you for a specified period of time. Planning for the future helps ensure that your loved ones will have a foundation in place in an accident were to arise.

If you are a parent, financial planning insurance provides a guideline to help you take care of your children if something were to happen to you. If your child is suffering from a serious illness, financial planning insurance will help ensure that they receive the treatment that they need. If your child is preparing to go to college and looking at local Denver, CO schools, the policy can help cover your child’s tuition.

It’s important to start researching policies as soon as possible. Do not wait until you are only a few years away from retirement. You want to make sure that you have plenty of time to assess your options. Financial planning insurance is an asset regardless of your income level. The policy allows you to maximize the assets that you have.

AFI Insurance Will Help You Plan For The Future

Visit our website today to learn more information about financial planning insurance.

Do all business owners need commercial insurance in Denver?

The Denver, CO area has continued to be one of the faster-growing metro areas in the country. Along with this, it can be a great place for people to own a business as the growth and consistent flow of visitors could result in a lot of opportunities. If you would like to start a business here, you do need to evaluate your insurance needs. There are several reasons that you should get commercial insurance here.

Insurance is Often a Requirement

One reason that you may need to get commercial insurance in this area of Colorado is that it could be a requirement for you. If you are a business owner, taking out a loan or raising outside capital is often a great way to build and grow. While this can help your business, those that do raise capital will find that they have specific insurance needs as well. Any lender or investor will have insurance requirements for the business to meet. 

Insurance Offers Valuable Coverage

Even if your company is not required by an investor or lender to carry commercial insurance, you should still get it. With a full commercial insurance policy, you can be protected a range of different ways that could keep your company solvent. This protection can include coverage to ensure that your business assets are protected and liability risk is mitigated. 

As you are looking for a commercial insurance policy in the Denver, CO area, you should call the team at AFI Insurance. When you reach out to AFI Insurance, you can learn a lot more about the different forms of insurance that you have to choose from. This can then make it easier for you to get into a policy that will properly protect your organization. 

Why should I get life insurance?

Anyone that lives in the Denver, CO area needs to spend time thinking about their insurance needs and options. One important form of coverage that all people should spend thinking about is life insurance. There are many benefits and advantages that come with life insurance, which can continue to make it a good investment for you. 

Provides Coverage to Dependants

The main benefit that will come with life insurance is that it can provide coverage to your dependents. If there are people in your life that depend on you and your income, you should make sure that you are prepared for the unexpected. If you are to pass away, you will want to ensure they have the ability to live the same lifestyle and major costs are covered. A great way to do this is with a personalized life insurance plan as it will pay out a benefit if you were to pass away unexpectedly.

Coverage Can be an Investment Tool

Additionally, life insurance could be a good investment tool. If you were to get a whole life policy, some of your monthly premiums will build up in an account and accrue interest. In the future, you could close this account out and liquidate the cash value. 

When you are going to get a new life insurance policy in the Denver, CO area, you will want to make sure that you are properly evaluating all of your options. Since this can be a complicated form of insurance coverage to understand, you should speak with the team at AFI Insurance. If you do call AFI Insurance, you can learn a lot about the different options available to you. This will help you pick a new policy that is right for you and meets all of your needs. 

Does My Homeowners’ Insurance Cover Any Losses During a Renovation?

Renovating your home will add to its value when the work is finished, but it will increase your liability while the work is being completed. Your homeowners’ insurance will cover general types of liability. Denver, CO residents who are going to renovate their home can talk to the agents of AFI Insurance if they have questions about their homeowners’ insurance.

Increased Liability

During renovations, there is an increased risk of accidents and injuries to both your family and those who are working on your home. This increase in risk will be in place until the renovations are completed. Your insurance agent may recommend increasing the amount of liability coverage you have on your home to make sure you are fully protected.

Materials 

During renovations, you will have an abundance of building materials on your property. You will also have a variety of tools and equipment as well. Building materials are expensive and be difficult to replace if stolen or damaged in any way. Covering them with your homeowners’ policy may result in purchasing additional insurance.

Additional Coverage

As the work is completed, the value of your home will begin to change. It is essential that you keep in touch with your insurance agent. Discussing the additional value is important will be important when determining how much homeowners’ insurance you will need.

AFI Insurance has agents who are able to discuss your policy and recommend any changes that need to be made when you are renovating your home. Denver, CO residents can count on the agents to provide valuable insight into protecting your investment and any improvements that are being made to it. Call the office and make sure you have the coverage you need before renovations start.

Who Needs Auto Insurance

Every state in the U.S. has different requirements for who needs auto insurance as well as the minimum amount of coverage you should carry. In Colorado, everyone who has a driver’s license and access to a vehicle should have insurance in order to drive. Insurance agents are your best bet to know exactly what you need when it comes to auto insurance. At AFI Insurance, you’ll be able to get information that you need about liability insurance coverage.

Liability Coverage

It seems that younger drivers tend to cause more accidents, but anyone can have an accident no matter what age you are. If you have liability coverage, then you’ll be protected if you cause a car accident. In Denver, CO, you must have liability insurance on your vehicle. There are several different types of liability coverage. There is general, bodily injury, and property damage liability.

  • General liability – covers you if you cause an accident.
  • Bodily injury damage – protects you from financial responsibilities if you injure someone while you are driving.
  • Property damage liability – keeps you from paying out thousands or more from damages that you caused to someone else’s vehicle or property.

Other Types of Coverage

There are additional insurance coverages that you can secure for you and your vehicle.

  • Uninsured/underinsured motorist – if someone injures you, your medical bills, vehicle repairs could be covered if that person doesn’t have insurance or doesn’t have enough to cover the cost for repairs.
  • Comprehensive coverage – covers the damage to your vehicle that is not related to a driving accident, such as vandalism, theft, or fire damage.
  • Collision coverage – could pay for damage to your vehicle if you hit another object, such as other vehicles, poles, or mailboxes.

Talk to an agent about liability limits and other coverage you may need for your vehicle in Denver, CO. At AFI Insurance, their staff can help you get started with your auto insurance policy.

5 Benefits Of Specialty Insurance

Based in Denver, CO, AFI Insurance serves the community through offering residents different types of insurance coverage. We are committed to helping our clients find the policies that they are looking for in order to protect their investments.

Specialty Insurance

Having the necessary insurance to meet the demands of everyday life is very important. Specialty insurance allows you to cover some of your most valuable possessions outside of traditional insurance coverage. If you have a unique vehicle or enjoy special hobbies, specialty insurance will ensure that you are covered while you enjoy those activates. Here is a look at some of the different ways that specialty insurance will cover you.

Protects Your Boat

If you enjoy spending time by the lake in your boat, you will be covered. Specialty insurance will help protect your boat in the event that it is damaged or vandalized. You may also receive emergency assistance in the event that your boat suffers engine failure.

Covers Your Motorcycle

If you are one of the many residents in Denver, CO who enjoys riding motorcycles, specialty insurance will help ensure that you are protected. You will be covered in the event that you are involved in a collision.

Protects Your ATV

ATVs are very powerful vehicles. There are always risks involved every time that you operate a high powered vehicle. Specialty insurance will ensure that you are protected in the event of an accident.

Travel Safely In Your RV

For many people, their RV is like a second home. If you enjoy traveling around the Rocky Mountains, specialty insurance will help ensure that your vehicle is protected in the event that an unforeseen circumstance arises.

Cover Your Snowmobile

Operating a snowmobile during the winter in Colorado is a very popular hobby. Specialty insurance covers you and your snowmobile while you are having fun.

AFI Insurance Will Help You Find The Right Policy

For more information on different types of specialty insurance policies, visit our website today!

Financial planning insurance myths that you should know

Having a solid financial plan may sound like it is for those banking billions across Denver, CO and are not sure how to use them. Or that young couple that hopes to get a better life when the kids are out of diapers–wrong. Financial planning is for anyone earning a living. That is why AFI insurance recommends accompanying your financial dreams with financial planning insurance, which will protect your interests.

If you have never considered having a sound financial plan, maybe you have heard a  few myths from people. They include:

It is only for the rich.

Who said? You don’t need to earn millions to start planning your finances or buy financial planning insurance. As long as you have financial responsibilities and are earning an income, you are already eligible to have a financial plan. You won’t have to worry about losing because there is coverage to cushion you.

I will start when things cool off.

You will wait and wait and wait because life really never settles down. The earlier you start planning your future or your retirement, the better your chances of achieving your goals and navigating through the challenges that will come up.

It is time-wasting

Many people tend to believe that their financial plans won’t help. This is not only a negative approach to finances but can also be detrimental to your mental health. It mostly happens when you set unrealistic goals that you may not be able to achieve in the set duration. You end up blaming yourself for failing to achieve and call it a waste of time.  Financial planning can only be a waste of time when it is not well-planned, and when you don’t have coverage to back you up.

Don’t wait till the millions start trickling in; buy financial insurance, and safeguard your finances. AFI insurance is here to take you through the complicated journey of finances. Feel free to contact us or visit our Denver, CO today!