Important Repairs to Make Before Selling Your Home

If you own a home in the Denver, CO area and are thinking about selling, there are some important repairs you may want to consider before you place it on the market.  To increase your home’s value, you also don’t want to spend a ton of money on repairs you won’t be there to enjoy.  The key is to focus on critical areas for improvements.

  • The flooring is the number one area to inspect.  Scratched up wood flooring, tattered or out of date carpeting, and worn linoleum can make your home seem sad and rundown.  The best way is to replace it to freshen up your home and add value.
  • Fix water leaks and any water stains left behind on walls or ceilings.  Water stains can look frightful to potential buyers.
  • Repair or replace the torn window and door screens to add value and improve appearance.
  • Update tile grout if it’s yellowed or cracking.  Re-grouting is less expensive than a new tile job and can improve a counter or bathroom appearance immensely. 
  • Give the property some attention to remove or revive the lawn, trees, or shrubbery.  Clean up any miscellaneous debris or trash.
  • Remove any pet damage.  If there is pet damage to the doors or walls, buyers will also look for pet stains on the flooring.  It’s best to have the damage repaired.
  • Revive an outdated kitchen because the kitchen is most often one of the most crucial selling points for a home.  A full kitchen renovation is not necessary, but you’ll want to focus on the most outdated areas.

AFI Insurance

The insurance agents at AFI Insurance work to provide the best options for coverage in the Denver, CO area.  Contact an AFI agent today for your home insurance needs.

What Happens When An Uninsured Motorist Hits Your Car?

Unfortunately, not every driver on the road in Denver, CO has insurance. If such a person hits your car, you do have options, especially if you already have an auto insurance policy from AFI Insurance. Here’s what you need to know.

How an Accident with an Uninsured Motorist Can Devastate You

When a collision occurs, the insurance of the at-fault driver should pay for the damages you sustain. Those damages can include repairs to your vehicle, medical bills, and even lost wages. When an uninsured motorist is an at-fault driver, there’s no insurance company, leaving you dealing with the expenses.

An accident with someone with no insurance can negatively affect your life in profound and critical ways. You can attempt to sue the motorist directly, but odds are that individual will not have the assets to cover any of your damages.

Why You Need Uninsured Motorist Coverage

Uninsured motorist coverage exists specifically for dealing with accidents with uninsured motorists. Often, this insurance option comes with underinsured motorist coverage as well. Some people may have insurance, but not enough insurance. In either case, these policies will kick in to help cover you.

Uninsured motorist coverage isn’t mandatory in Colorado, so you have to add it to your policy. When you make a claim, you will make it against your policy’s coverage limit, which your insurance company will pay.

What to Do If You’re In an Accident with an Uninsured Motorist

If you’re in an accident, make sure you’re okay. If not, seek police and medical attention immediately. If you can, check on the other driver. If the driver is amendable, you can gather information. Try to get the person’s name, contact information, and possibly a signed statement. You can give all this information to your insurance company with your claim.

Uninsured motorist accidents happen frequently in Denver, CO. Don’t wait too long before you add uninsured motorist coverage to your policy. Contact AFI Insurance today to learn more about uninsured and underinsured coverage for you and your vehicle.

3 Benefits of Having a Retirement Plan

Residents living in the Denver, CO area can go to the agents of AFI Insurance for all of their financial planning and insurance needs. Having a retirement plan in place provides you with a variety of benefits. When you are young, it’s sometimes hard to wrap your head around what you may need after you retire. Professionals who specialize in financial planning can help.

Financial Security

A retirement plan will afford you financial security. No one wants to worry about how will they afford to maintain their lifestyle. Financial security comes from careful planning. An effective retirement plan provides you with the means to live a comfortable life, long after you retire. This allows you to do many of the things you wanted to do but could never afford to.

Tax-Free Retirement Income

Investing in an eligible retirement plan that includes an IRA or 401K allows you to save the money in secure amounts. While any monies withdrawn prior to retirement are taxable, monies that are taken out after retirement age are tax exempt. By leaving the money in your retirement accounts, they will continue to accrue interest giving you a substantial amount of money to live off after you retire.

Peace of Mind

The right retirement plan will provide you with peace of mind and a sense of security. Even if you start building your accounts in your 40’s, you can still save quite a bit of money.

At AFI Insurance, the agents specialize in many aspects of financial planning. If you live in the Denver, CO area, schedule an appointment so you can learn which retirement plan is best for you.

 

3 Ways to Save on Specialty Insurance in Denver, CO

Do you own a unique item, such as a collection of stamps or a classic car? Or do you need extra insurance, such a flood insurance or boaters insurance? If so, speciality insurance is the way to go. It complements an existing insurance policy, such as homeowners insurance and even umbrella insurance. Whether you have a boat you need to insure or just extra insurance for a high-income rental property, here are three ways you can save money on purchasing specialty insurance. today.

1. Bundle Your Policies

To start with, consider bundling all of your insurance policies under one insurance company. You can bundle everything together, including your home insurance, auto insurance, commercial insurance, renters insurance and more to save money on your premiums. Insurance companies love to reward loyal customers with this money-saving incentive. 

2. Compare Quotes

Not all insurance policies are equal. For this reason, it is important to compare at least two or more specialty insurance quotes when looking to purchase this type of policy. With the help of an insurance agency, like AFI Insurance, you will be able to analyze the fine detail of each quote and pick the best one for your needs at the price you want.

3. Work with a Reputable Insurance Agency

The agents at AFI Insurance are standing by to help you purchase specialty insurance for your unique items or for added protection for your assets. They serve the Denver, CO area and can answer all your questions and concerns when it comes to this type of insurance. They can be reached today at 866-433-2888.

 

 

 

 

 

Why Is Life Insurance A Good Idea For Retirees?

Most people don’t like to think about life insurance, but if you are planning on retiring soon or are planning for your eventual retirement, then you should consider purchasing life insurance. There are a variety of benefits that life insurance offers that make it common sense retirement planning. 

Life Insurance Protection

Not only does life insurance cover your expenses if you pass unexpectedly to protect your family or loved ones, but if you choose whole life insurance, you may also be able to borrow against your policy, which may prove to be a lifesaver in the event of an emergency after you retire. Consult your life insurance professional to find out how purchasing life insurance can provide extra layers of security for you and your loved ones in the future. 

Working With Expert Agents

If you are planning on purchasing life insurance, you want to make sure you work with an expert who will guide you through the process and outline options that will help you get the peace of mind you need after you retire. If you are planning to settle in the Denver, CO area, you can count on AFI Insurance to give you the guidance and information you need to make an informed decision. Their agents care about your security and will assist you with the purchase and any future claims you loved ones may need to file. 

Residents who live in and around the Denver, CO area can rely on AFI Insurance to give them the tools and information about insurance they need to plan a more secure future. Call or stop by the office today to find out more about your options. 

Commercial Insurance Choices for Rental Shops

Denver, CO rental companies require a large number of commercial insurance policies to protect their business model. Thankfully, at AFI Insurance, we can provide you with many options that help protect your rental business from serious issues.

Unique Challenges for Rental Companies

When you rent out goods, such as vehicles or appliances, you need to ensure a broad array of different things. For example, you need to ensure your personal property – the items that you rent – to make sure that damage caused by your customers can be repaired.

However, you also need to make sure that your policies cover any injuries that could occur to your customers. For example, a malfunctioning vehicle could injure somebody renting a car from you. Therefore, you need to make sure that you create a comprehensive commercial insurance plan.

Types of Policies to Consider

Individuals who run a rental business should consider, at a bare minimum, the following types of high-quality commercial insurance:

  • General Liability – This insurance helps to protect you from claims by your customers and ensures that lawsuits don’t end your business.
  • Workers’ Compensation – These policies pay for injuries caused to your rental team, such as problems triggered by vehicle mechanical failure.
  • Property Insurance – All of your property – including your rental items – need to be insured to avoid serious loss in the case of accidents or disasters.
  • Commercial Auto Insurance – For companies that rent vehicles, commercial auto insurance is a necessity. These policies protect you from total loss if a driver totals a vehicle.

Let Us Help You Find a Policy

High-quality commercial insurance for rental companies in Denver, CO doesn’t have to be a dream that you never achieve. Please contact us at AFI Insurance to learn more about the benefits of these policies and what you can do to ensure you get the best possible rates.

 

 

Detailed Description on The Coverages by Home Insurance Policy

Home insurance policy has coverages that aid you in making repairs to your home or to replace belongings and assets in case they get destroyed by fire, theft or other perils. Having your home insured against such tragedies is important, as well as choosing a policy that fits well with your financial abilities, your goals, plans, preferences and the concerns you want to address.

Denver, CO Insurance Agency. AFI provides insurances for people in Colorado which is a legal requirement for all car and homeowners. AFI Insurance helps them decide the best insurance coverage to have. Working with a Colorado agency equips you with vital information you need to purchase a policy.

When selecting coverage, have in mind the problems you seek to address as well as the worries you have in mind. A basic coverage provides a simple plan. It is used by homeowners who just want a simple coverage to their homes. An additional liability plan is the best in case you feel that a basic plan is not enough for you. Additional liability plan is the most preferred if you have a pool or a pet compared to a basic plan.

Denver, CO agents work with you to help you choose the plan that best fits in with your specific budget and one that addresses all your needs. Evaluation of a plan is important before purchase to determine the cost and the coverage and avoid making a wrong insurance purchase.

It is important to note that the initial estimate is not the final price. This is because you may want to add coverage to a plan. Wait till you have finalized and made a purchase of the plan before making assumptions on the cost. At Denver, CO, the agents help you make informed decisions after comparing the options you are presented with and narrowing down the choices till you have the best. 

We are an independent specialist broker dedicated to providing our clients with the best insurance deal on their home insurance. If you are looking to buy a good home insurance policy at an affordable price, contact us for the best deals in Denver, CO. 

 

Benefits of Proper Tire Maintenance

The agents of AFI Insurance are always available to help their customers in Denver, CO stays safe while they are on the roads. In addition to selling auto insurance, they can also offer recommendations about vehicle maintenance. These tips will allow you to get the most out of your car and reduce your risk of an accident, especially during the harsh Colorado winter.

Reduces Your Risk of an Accident

Proper tire care can reduce your risk of being involved in an accident. Maintaining proper tire pressure helps to keep the exact amount of tread on the road. This increases traction and helps to prevent skidding and sliding, especially on wet surfaces or gravel roads. It’s also important to monitor your tires’ tread. If you can insert a penny with Lincoln’s head down into your tread line and there is a gap between his head and your tread, you may want to look into getting new tires. Worn tread reduces traction.

Increases Fuel Efficiency

Properly inflated tires will help your car to get the gas mileage it’s supposed to. Each type of tire requires a specific amount of air pressure. While there is a tire pressure range that is optimal for each tire, letting your pressure get too low will mean uneven wear and tear on your tires. Cooler temperatures will lower the air pressure in your tires, so in order to get an accurate measurement, drive your car for a few tires so they can warm up a little.

Proper care and maintenance of your vehicle are essential if you want it to last. This is especially true of your tires. If you live in the Denver, CO area and would like to have a review performed on your existing policy or if you are simply looking for a new auto policy, call the agents of AFI Insurance today. They will go over your options and find you a policy that gives you the peace of mind you deserve!

What Is a 403(b) Plan and Why Is it Important?

Have you been told you may be eligible for a 403(b) plan? If you had never heard of it before and want more information, you have come to the right place. 

Basics of the 403(b) Plan

The 403(b) plan, also known as the tax-sheltered annuity plan, is a retirement plan that can be put in place only by specific employees of tax-exempt organizations and public schools, as well as certain ministers. Just some of the many types of tax-exempt employees who are eligible include teachers, librarians, nurses, doctors, and administrators of schools.

It can be in the form of either mutual funds or annuities. Features within this plan are comparable to what you would find with a 401(k) plan.

Employees can set up a custodial account if they want to invest in mutual funds. They also can get an annuity contract that they buy from an insurance company. There also is the retirement income account that may be established for church workers.

Benefits to Having a 403(b) Retirement Plan

One of the greatest things about the 403(b) retirement plan is that funds can be vested over a shorter period than is the case with 401(k) plans. Some of them allow for you to vest funds immediately. 

Another benefit is that any returns and earnings on the amounts in your 403_b) are tax-deferred until you withdraw them. This means that it will not factor into what you owe in taxes. When it comes to a Roth 403(b), the returns and earnings only are tax-deferred if withdrawals are considered to be qualified distributions. Employees who are 50 years of age or older typically are able to make catch-up contributions to their plans.

Depending on the employer, employees may have eligibility to receive matching contributions. An example scenario is that an employer may match funds at 50 percent of the employee’s contribution up to a certain percentage of his or her salary. For an employee who makes $75,000 annually and makes a 6 percent contribution throughout that year, the employer’s contribution would be $2,250 over that year.

All in all, the 403(b) retirement plan is an excellent way to boost your retirement goals. If you want more information about the 403(b) plan and if it is right for you, reach out to AFI Insurance today. Serving the greater Denver, CO area, AFI has been instrumental in helping many individuals make sense of navigating the insurance world.

 

 

What Types of Specialty Insurnace Exist?

Insurance is a varied thing, there are coverages for just about anything you could ever imagine. That being said, knowing what types of specialty policy exist and what you might be able to get covered can help you to make sure you have the right policy. For those in the Denver, CO area, the agents with AFI Insurance can help you to find the perfect specialty policy.

Some of the most common specialty policies have to do with items that you own. You can take out policies for firearms, for jewelry, for collections, and more. These policies are going to cover the price of replacement of these items should they become lost, damaged, or stolen. These policies are often taken out against the value of the item and are going to be based on the appraised value of the item. If you have a collection or have items that are more expensive that what might be covered on a typical home policy, you may need to look into a specialty policy.

There are other types of specialty policies. Another type is umbrella insurance, this covers just about anything on top of policies that you already have in place. Still another policy you might not think about it event insurance. This is going to be insurance to help cover the cost if something goes wrong at the event, if something is damaged, or if the event is canceled for any particular reason. It is important that if you have any sort of specialty insurance you might be thinking of taking out, that you take the time to talk with an agent about what policies are available.

For those in the Denver, CO area, the agents with AFI Insurance can help you to find the right policy for your needs.