Mistakes To Avoid When Researching Commercial Insurance Policies

AFI Insurance serves the Denver, CO community by offering multiple insurance policies. We have established partnerships with multiple carriers to ensure that our clients find the coverage that they are looking for.

Commercial Insurance

Commercial Insurance allows business owners to protect their investment. You can add different types of coverage to your policy to protect your business’s property, as well as your businesses’ vehicles. You can also add liability coverage so that you are protected regardless of any risks that arise. While researching different commercial insurance policies, be sure to avoid some of these common mistakes.

Failing To Read Over The Entire Policy

Read over the entire policy before you move forward. That way you can ask any questions that you may have and voice your concerns before you agree and sign. Try to avoid scenarios where you are not familiar with the language in the policy and it comes back to haunt you.

Not Thinking About Your Customers And Vendors

Before you agree to a policy, think about the services that you provide to your customers, as well as the vendors who rely on you. Look for a policy that allows you to meet the needs of everyone involved with your business.

Failing To Emphasize Workers’ Compensation

Having a Workers’ Compensation policy is extremely important to the overall health of your business. It ensures that you are committed to the best interests of your employees.

Not Thinking About Potential Losses

At any time, disaster could arise and your business suffers damages. While your business is recovering, you may be at risk of suffering huge losses. That’s why it is important that you add some type of income coverage to your policy.

AFI Insurance Can Help

To receive assistance while researching commercial insurance, stop by our office in Denver, CO. We will help you find the right plan for your business.

What is Life Insurance?

Life insurance is one of those forms of insurance you’ve likely heard of but may not know much about. Even if you have heard of life insurance and know the basics it is a good idea to develop a basic foundation of knowledge regarding what it is and whether it is right for you or not. If you live around greater Denver, CO and have questions regarding life insurance, our staff here at AFI Insurance is here to assist you. 

What Is Life Insurance?

Life insurance is designed to provide for your family or significant others after you are gone. With life insurance, you will select a set amount you want the insurance policy to be. This might be a quarter of a million, a million, somewhere higher or lower. You will then pay a monthly amount into your life insurance policy. This amount will gain interest as it is held by the insurance provider. When you pass on the beneficiary will then collect the life insurance after filing a claim with the insurance provider. 

There are a handful of life insurance policy options. These will vary depending on when someone dies, the overall value, and also if the policy can be cashed in prior to the death of the policyholder. Make sure to ask us all questions you might have. 

Finding The Right Life Insurance Options

If you still have questions or want to know more about life insurance, our staff at AFI Insurance will be happy to help you out. When living in greater Denver, CO we will proudly serve you, address your concerns, and give you all the information you need to decide whether life insurance is right for you and if it is something you should pursue. So, give us a call at your earliest convenience. 

When do I need home insurance in Colorado?

Moving to the state of Colorado is a dream for a lot of people. When you live in the Denver CO area, you will have close access to all of the amazing outdoor activities that the state has to offer while also providing a great local economy. Due to this, owning a property in Denver is a great option. If you are going to own a home in Colorado, it is important that you get a proper insurance policy. There are several reasons why you need to get home insurance in this area. ,

Protects Your Assets

One of the reasons why you need home insurance is that it can protect your asset. Buying a home is a very significant investment. Further, when you own a property, you will also likely have invested a lot of money in personal assets. To ensure that your home is properly covered, you should get a home insurance policy. 

Gives Liability Coverage

Another reason why you should get a home insurance policy is that it will give you liability coverage. Those that own property are going to take on liability risk whenever they have a guest come over to their home. If your guest does get injured, you could be found liable for any injuries or other damages. Since these costs can be significant, you should get a home insurance policy to protect against this risk. 

When you are looking for a home insurance policy in the Denver, CO area, it is important that you carefully consider all of your needs and options. When you are searching for a policy, AFI Insurance is a great company to turn to. The team at AFI Insurance will work hard to ensure you know all of your options. This will help to ensure you get into a great policy that provides appropriate coverage. 

Auto Insurance Add Ons

When it comes to your auto insurance you will need to consider a number of variables. It isn’t just about protecting your vehicle, taking out liability insurance, and other forms of personal insurance protection. There are secondary auto insurance add-ons you’ll want to consider. Ultimately it depends on your vehicle and what kind of protection you’re interested in. However, if you live in greater Denver, CO our staff here at AFI Insurance is here to help. 

Roadside Assistance

You never know when your vehicle might break down. Whether it is a dead battery while out shopping or you blow a tire while on the highway, paying a tow truck to come out and service your vehicle is expensive. Often you pay by the mile, which really adds up. However, with the roadside assistance, you’ll avoid these costly expenses. 

Vehicle Upgrades

Have you made upgrades to your stock vehicle? Perhaps you installed a new stereo system. Or maybe you love to tweak your pickup and have added performance shocks, new LED lighting, and other upgrades. Whatever you’ve done with your vehicle, chances are you don’t want to pay for everything out of pocket a second time. However, if you don’t insure these vehicle upgrades there’s a good chance you’ll be forced to unless you have added insurance for the vehicle upgrades. It’s a good idea to contact your insurance provider whenever you make a large upgrade to your vehicle. 

Finding The Right Auto Insurance Add On Coverage

There is no limit to add-on coverage options. It just comes down to what kind of vehicle you own, whether you want to cover certain aspects of the driving experience, as well as how much insurance you can afford. Whatever your budget though and regardless of the vehicle, if you live in greater Denver, CO our staff here at AFI Insurance is here to assist. 

Who Should Consider Financial Planning Insurance?

Planning for the future can be complex and carries risks in some cases. Financial planners and others who work in similar fields are often at risk of having liability claims as a result of their planning actions and advice. Having financial planning insurance is the best way to create a layer of protection.

Financial Planning Insurance

Anyone who advises clients, or has an interest in their investments, should have financial planning insurance in place. This coverage is designed to protect the policyholder from liability claims that are related to client losses that may have happened either directly or indirectly as a result of the financial planner’s advice or actions. Unfortunately, investment is never completely predictable and a volatile market can create heave losses that couldn’t be foreseen by those in the business. This insurance will help prevent personal losses as a result of professional actions. 

Top Quality Coverage Options

Those who are currently interested in purchasing financial planning insurance should work with a reputable, knowledgeable insurance company with agents who have experiences and can offer insight. People who are working in Denver, CO can count on AFI Insurance to provide all of their current professional insurance needs. The agents can work closely with you to assess your risk and then offer ideal coverage options. Additionally, if there is a claim in the future, they can also help submit information and documents to help the process along. 

Those who work in the financial planning industry need reliable insurance that can offer adequate protection from liability. Call or stop by AFI Insurance, serving Denver, CO, to find out more details or for answers to questions regarding insurance coverage. 

Who Is Specialty Insurance for in Denver?

When you already have a variety of insurance policies, such as home, auto, and health, it’s easy to wonder why you would need additional insurance on top of what you already have. If you live in Denver, CO though, it may help to at least understand more about what specialty insurance is and who it’s meant for. AFI Insurance is here to give you the basics so you can decide for yourself. 

A Broad State of Coverage 

Specialty insurance is for a specific event, but that event can be nearly anything you can think of. For example, you may use it to cover your home’s roof because you already know it’s aging and you don’t want to pay your full deductible. Or you may choose to get a specific item covered, such as a diamond ring or a snowmobile. Different carriers will offer different kinds of specialty insurance, you may need to check with your policy writer to find out more about what’s available to you. 

Think About It 

The best thing that you can do to decide whether or not you want specialty insurance is to think about the events that you would specifically like to avoid. Whether it’s a liability lawsuit, the theft of a certain object, or the destruction of your property, this can help you figure out if specialty insurance is worth it for you. 

Taking Action 

Part of protecting yourself in Denver, CO is not necessarily buying all the insurance in the world, but simply knowing when coverage is useful and when it isn’t. If you have any questions about how to keep yourself out of trouble, contact AFI insurance today to see how we can help. 

Why you Need to Get Auto Insurance in Colorado

For a lot of people in the Denver, CO area, owning a car is a necessity. If you do own a car in this area, it is important that you consider all of your insurance needs. There are several reasons why you will need to have a quality auto insurance policy when you have a car in the Denver area. 

Required by State Laws

One reason why you will need to get auto insurance in this area is because it is required by state law. Similar to other states, Colorado requires that all drivers on public roads carry liability auto insurance at all times. This form of auto insurance will ensure that you are able to pay for damages that you cause during an accident. If you do not have this insurance, you could face a variety of penalties if you are caught without it. 

Provides Protection for Car

While the liability auto insurance is all that is required by law, you also will want to get insurance to protect your car. If you have a car that you depend on and want to be able to replace or repair without coming too far out of pocket, getting auto insurance is a necessity. In these situations, you will want to get a full comprehensive and collision policy that will give you coverage for a wide range of risks and situations.

For those that are in the Denver, CO area and shopping for auto insurance, a great company to contact is AFI Insurance. When you speak with the team at AFI Insurance, you can be assured that you will receive great support and coverage. They will help to review your particular situation to ensure that you are getting into the right policy for your situation. 

How commercial insurance can save your business

According to Forbes, Denver, CO is the #4 best place in the country for businesses and careers.  That is great news but anyone who owns a business knows that it comes with a lot of uncertainty and worry. At AFI Insurance we would like to be able to help mitigate some of that uncertainty. We can help you navigate the complicated world of commercial insurance and help create a policy that offers you the protection you need and none that you don’t.  Commercial insurance has different components and you can pick and choose what components fit your business model. 

Business Liability

If people are visiting the location where you are doing business it is always possible that one of them could be injured. Someone could also be injured by some information you gave them or by one of your products. Business liability insurance gives you protection against legal actions that may be taken against you. 

Business Interruption Insurance

If something happens to disrupt your business, you will still have obligations. Just because your business has to close your bills don’t go away. You need to get a salary and pay your normal operating expenses. This type of insurance does have exclusions so be sure to know what they are, but it can be the difference between staying in business and closing your doors. 

Business Property Insurance

If you own the building where your business is located or even if you rent property insurance can save your business. Beyond the building, you have office equipment. supplies, inventory, and machinery. All of these could be damaged by a variety of hazards. 

At AFI Insurance we have been in the insurance business since 1996. We have the experience you are looking for in your insurance professional. We look forward to helping you create a commercial insurance policy that protects you and your business at a price that makes sense. Give us a call or stop by our office for a no-obligation quote. 

Get ready for spring with these home and yard clean-up ideas

Spring is nearly here and with it, Denver, CO can experience some erratic weather. Follow these quick tips and your home and yard will be ready for any inclement weather that comes our way! The team at AFI Insurance is here to answer all of your questions and help you keep your home protected through all kinds of weather.

Tips for a Tidy Springtime Home and Yard

Follow these simple tips to get your home ready for Spring. And if your house does withstand any damage, our team is here to help!

  • Clear all debris, branches, and dead plants and bushes from your yard. High winds can pick up any item and turn it into a destructive force. Be sure that your yard is clear of anything that can become a projectile and cause damage to your home.
  • Repair any loose shingles, siding, or gutters. Make any necessary repairs to your home in a timely manner, if they are left unfixed, the damage to your house can worsen.
  • Trim hedges and trees, removing any dead or damaged limbs. Loose tree branches can cause a lot of damage when they break free. Be sure that your landscaping is neat and trimmed.

These quick hints can help save you from unnecessary damage to your home this Spring season. A well-maintained yard and home can be the difference between damage to your home and an uneventful storm season.

Are you a homeowner in Denver, CO? Call or stop by the offices of AFI Insurance today and find out more about the home insurance policy options that are available in our area. Now is the perfect time to get your home ready for Spring; let’s make sure that your insurance coverage is ready too.

Is Collision Insurance Good Enough if I Put a Lien on My Car?

Agents who sell auto insurance offer both collision and comprehensive types of coverage. While collision is fine if you own your vehicle, it may not be sufficient if you put a lien on it. The agents of AFI Insurance offer Denver, CO residents advice on what type of insurance is best for them. If they choose to take out a loan and use your vehicle as collateral, you may need to upgrade your policy.

Protecting Their Investment

When you put a lien on your vehicle, the lien holder will want to protect their investment. This usually means that they will request an update to your policy that switches it from collision to comprehensive coverage. Comprehensive coverage will cover the cost of the vehicle if it is totaled during an accident.

Buy Yourself or Allow Them to Add it to the Loan

Depending on where you get your loan, the lender may put the cost of the comprehensive cover as part of your policy. This ensures the coverage will never lapse and that the premiums are paid on time every month. In some cases, the bank may be able to get the policy at a lower cost.

In Denver, CO, residents who put their car up for collateral on a small loan will need to talk to the agents at AFI Insurance to find out what they need to do with their insurance policy. Speaking to an agent will ensure that you have the type of coverage you need in place at all times. Visit the office and talk to an agent so your vehicle is fully covered.