Benefits of Reviewing Home Insurance At Least Once A Year

Times are constantly changing, and homeowners get exposed to different kinds of risks they did not expect. This necessitates the need for one to adjust their policy to accommodate the different needs. While some homeowners may not see the need to review their home insurance after each year, it is a recommended practice. Below, AFI Insurance of Denver, CO takes you through the importance of reviewing your home insurance.

Take Advantage of Discounts

Often, you will find insurance companies offering a discount on home insurance policies for several reasons. Maybe you have upgraded your home security features, or you have decided on bundling your policies. There are many reasons you could be eligible for a discount. With a review, you will be updated on what discounts are available on your current policy, saving you money,

Adjust to Life Changes

Sudden life changes can affect your policy, requiring you to review it. For instance, a change in income, home renovations, or a change in family size may require you to review your policy to suit your current needs. In addition, these changes will require you to update your information and help in filing a proper claim when the need arises.

Allows you to Take Advantage of any Policy Changes

Policy changes will affect your coverage. For instance, an improvement in legal requirements can cause insurers to offer a better policy. By reviewing your insurance every year, you get to know about such upgrades and enjoy them. It is also possible for errors to affect your coverage. That is why you need to review your policy to prevent financial loss.

Reviewing your policies annually does not necessarily mean you have to change them that often. However, it helps you stay aware of current changes. Residents of Denver, CO, looking to update their home insurance coverage can reach out to AFI Insurance today. Our agents will gladly help you choose the right policy to protect your home.

Making sure your home is prepared for an emergency

The world is full of hazards. You never know when one will strike. Making sure your home is prepared for an emergency is one of the best things you can do. It should involve not just your home but your entire family and even the children need to know the details. Not every location is susceptible to every hazard but knowing the ones that can affect you can help you to pinpoint your response. Having a good home insurance policy is one way to be prepared. In Denver, CO, AFI Insurance has an experienced team who looks forward to earning your trust and your business. 

Have a plan

You should have an emergency plan in place and make sure all members of the family know the plan. It can be where to go in the event of a tornado or finding out where the nearest hurricane shelter is. 

Have food and water

Have an adequate supply of bottled water and non-perishable food. You need to make sure the food is in a container that doesn’t require electricity to open and can be eaten cold in the event you don’t have a way to warm them. The alternative is to have a portable propane stove to cook them. 

Flashlights and batteries

Nothing is worse than being stuck in the dark during an emergency. Large battery-operated LED lights provide a great deal of light and you will be able to avoid lighting candles or hitting in the dark. 

Power supply

Having a generator or another alternate power supply can make all the difference and can keep the food in your fridge and freezer safe when the electricity has gone out and kept your cell phone charged. 

Store important documents safely

Know where they are and have them in a fire and waterproof box or envelope. 

Contact AFI Insurance in Denver, CO for help with your home insurance needs. 

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. 

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.

Maintenance vs. Repair Visits and Home Insurance Coverage

You might expect your homeowner’s policy to pay for everything home-related, but that is not really how it works. Your repairs from named peril damages do get covered, but your maintenance to keep the home does not. AFI Insurance serving Denver, CO wants you to understand the ins and outs of home policies so you do not experience any surprises.

When you have a professional tradesperson such as a plumber or electrician conduct a maintenance visit, you pay out of pocket. The standard HO-1 policy does not cover maintenance. It pays for damages from named perils. Your policy might pay for the damages they maintenance visit uncovers, but not the maintenance visit or inspection.

Let’s say that you have the roof of your home inspected and your gutters cleaned. During the maintenance visit, the roof inspector discovers shingle damage and a slight leak caused by a tree limb still laying on the roof. The damage looks relatively fresh and the inspector thinks it happened during the thunderstorm that carried high winds two weeks before. He recommends immediate repairs so that the small leak does not grow and no water damage occurs in your attic. You file a claim on your homeowners’ insurance. The policy pays for the full roof repairs, but not the inspection that discovered the leak.

The standard home policy covers the damage. The insurance companies expect that you will maintain your home to as high a standard as possible. This means you pay for its upkeep, but insurance pays for the unexpected. If a wildfire sets your home ablaze, your home policy covers the damage to the structure and your belongings. If you decide to upgrade your home’s electrical though, you pay out of pocket.

Maintenance visits differ from repair visits under the home policy. Contact AFI Insurance of Denver, CO to learn more about the little things a home policy does and does not cover.

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. 

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.

Smart Tips for Preparing Your Home for the Holidays

By planning in advance, you can take the stress out of holiday prep and spend more time relaxing with your family. The following tips from AFI Insurance in Denver, CO can be helpful in preparing your home for holiday guests and events.

Clean and Declutter Living Spaces  

Clean and declutter living spaces to create a relaxing, comfy home environment. Clear out your entryway, living room and kitchen as these are the areas guests are more likely to gather. Wash curtains and windows and professionally clean your floors. Decorate key areas to add a holiday touch throughout your home.    

Stock Up Bathroom

Deep clean and stock bathroom(s) before holiday guests arrive. Make sure you have extra toilet paper and paper towels within easy reach. Stock up on such toiletries as hand soap, body soap, shampoo and conditioner for those who forget to bring these personal items along.

Clean and Stock Kitchen

Start with a clean kitchen for inspiration to prepare holiday meals. Clean your oven and stove and clear out your refrigerator to make space for what you need to prepare holiday feasts. Plan your menus in advance to include drinks and desserts. Shop early to ensure you have all you need to prepare delicious meals for your family.

Prepare Guest Room for House Guests

Tidy the guest room to stay over relatives and friends. Wash guest linens, blankets/comforters, and towels in advance and set them aside for when guests arrive. By adding fluffy pillows, scented candles and a basket of holiday treats to your guest room, you’re sure to make them feel welcomed and loved.  

Update home Insurance

Update home insurance to protect you (and your guests) against the risk of accidents during the holidays. To learn more about home insurance options and costs, contact AFI Insurance in Denver, CO.

Home Insurance Discounts to Be Aware Of

Denver, CO homeowners may be missing out on home insurance discounts they aren’t aware of. Each insurance company, including AFI Insurance, has its own set of discounts so you need to check with your agent to see what is offered and how you can qualify.

Bundling: It’s possible to get a discount for your home, auto, and other policies if you purchase them all from the same company. Since insurance companies like it when you buy more than one product, they will reward you with a discount.

Loyalty: Insurance companies also value loyal customers. If you stay with the same company long enough, you may get some savings.

Claims-Free: If you go a certain number of years without filing a claim on your home insurance, you may get a lower rate since you are considered low maintenance for the insurance company.

Burglar System: You may get a lower price on premiums if you have a monitored security system. These systems deter would-be thieves, which reduces your chances of a break-in. These security systems allow the police to respond faster, which helps increase the chance of catching any burglars.

Fire Safety Measures: The faster the fire department can get to your home, the less damage the home will suffer. This means claims to the insurance company will be smaller and why you may get a discount.

Impact-Resistant Roofing: Since roofs are expensive, anything you can do to lessen the chances of roof damage may result in a discount.

Home Improvements: Not every home improvement will qualify for a discount but if you make your home strong in terms of structure, longevity, or safety, you may qualify. Examples of these home improvements include new plumbing, wiring, and roofing.

Living in a Gated Community: Living in a gated community can save you money and there is less chance your home will be burglarized.

Contact AFI Insurance, serving Denver, CO, to get a quote on home insurance.

Considering Getting A Pool? What Denver Residents Need To Know

The sun, the heat- there’s no question that summer is well on it’s way. You might be thinking about installing an in-ground pool in the backyard of your Denver, CO home. At AFI Insurance, we want Denver residents to consider a few things before installing a pool. 

– If you decide to install a pool, be sure to take safety precautions. A fence around the pool with a latched gate is important for keeping kids safe. Even if you don’t have kids (or they’re grown and out of the house), little ones have a way of making their way to open pools to swim. Talk with your fencing company about your options- some people choose to have their entire property enclosed with a fence, while others choose to only have the fence go around the pool. 

– Consider your municipal code. Some municipalities have specific safety requirements that you’ll need to consider before having a pool installed. The last thing you want is to get hit with hefty fines and have to make modifications because your pool isn’t up to code.

– Talk with your insurance agent about the changes that installing a pool will mean for your homeowner’s insurance policy. Adding a pool to your policy can be a little bit tricky, as a pool can greatly increase the overall value of your property. 

At AFI Insurance, serving Denver, CO, we’re here to help you get the home insurance coverage that you need. Call us or stop into our office to talk with an agent about creating a policy that makes sense for you and your home.

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