Is RV Insurance Required?

When you decide to purchase an RV in Colorado, there are several things you need to know. It isn’t just the cost of the recreational vehicle that you have to deal with along with the maintenance. You also need to have insurance because it is required by the state.

Why is Insurance a Must?

One of the main reasons why RV insurance is required is because it is a vehicle that will be out on the roads. Just as you are required to have auto insurance, the same is true about your RV. This means that you need to adhere to state minimums for vehicles.

Level of Coverage

In terms of coverage, there are various forms that are not required. However, you want to consider the various scenarios that can take place when you are an RV owner. This will make it easier to take care of your investment without having to drain your bank account in the process. After all, if something happens, it’s better to file a claim with the insurance company than to have to pay for it on your own.

Coverage options include:

–           Collision
–           Comprehensive
–           Theft
–           Roadside assistance

Many of the same coverage options exist for RVs as they do automobiles. The main difference is that an RV is generally going to be more expensive. You don’t want to get into a situation where the insurance company is going to deny your claim or not cover enough financially, requiring you to pay out-of-pocket.

Independent insurance agents can help you every step of the way to ensure that you have the best policy in place.

Call AFI Insurance today to find out more about RV insurance in Denver. Our independent insurance agents are happy to answer questions and get you quotes.

 

What is Advertising Injury and How Does Commercial Insurance Protect My Business Against It?

When you go to buy commercial insurance, one of the add-ons is advertising injury coverage. This may leave you wondering what this is and how it can protect your business. Here is some information you should know if you are curious about this topic.

What is Advertising Injury?

It is becoming more and more common for consumers to file lawsuits against businesses claiming that their products don’t do what their advertising campaigns claim it does. The product may not make their skin softer, improve their feet or whiten their teeth. The consumer files a lawsuit against the business and asks for advertising injury and unfortunately, these generally turn into class action lawsuits.

How Can Advertising Injury Coverage Protect My Business?

Regardless of whether these lawsuits have any merit or not, they can be costly to a business to defend. Having advertising injury coverage protects your business against these lawsuits. Your insurance policy will cover your legal expenses and pay for anything the courts may award, up to the value listed on your policy documents, helping to ensure your business does not go bankrupt if you are facing one of these lawsuits. This can be the difference between your business staying afloat or going under.

Do you need commercial insurance in the greater Denver, CO area? Or are you trying to improve upon your current policy? Let AFI Insurance give you a hand. They can look over your current policy or help you craft one to fully protect your commercial business. Give them a call today to find out more!