Tips to prepare your house for a storm

As the summer storm season approaches here in the Denver, CO area, it’s important to take proactive steps to ensure your home is prepared for whatever Mother Nature has in store.

Here are five tips from us at AFI Insurance that can help you get ready to face a storm:

  • Inspect Your Roof and Gutters: Make sure your roof is in good condition, and check the gutters for any blockages or debris that could cause problems during the storm.
  • Trim Trees and Remove Debris: Before the storm arrives, trim any trees near your home that could become uprooted and remove any debris around your property that could become dangerous in high winds. 
  • Take Inventory of Valuables: Make a list of all valuable items in your home so you know what needs to be covered or moved into sheltered areas before the storm hits. 
  • Prepare an Emergency Kit: Create an emergency kit filled with water, food, medical supplies, flashlights, batteries, a first aid kit, and other essentials so you’re prepared if the power goes out or access to stores becomes limited after the storm passes through. 
  • Secure Outdoor Furniture: Make sure all outdoor furniture is securely fastened down and bring anything inside that has the potential to become airborne during strong winds or heavy rains. 

By taking these precautionary steps now, you can help protect yourself and your home this summer storm season!

For more tips or to explore a homeowners policy, call us at AFI Insurance today. We proudly serve the Denver, CO area and would be happy to help you find a policy that meets your needs and budget.

Auto Insurance for Electric Cars: What to Consider

The increasing popularity of electric cars has led to a growing need for specialized auto insurance. As a trusted provider of insurance solutions in Denver, CO, AFI Insurance is here to help you understand the key aspects of auto insurance for electric cars and what factors to consider when choosing the right policy.

Electric vehicles (EVs) have unique features, such as advanced technology and high-capacity battery systems, which can impact insurance costs. Understanding the factors that influence EV insurance premiums is essential before deciding. These factors include the vehicle’s make and model, repair costs, and safety features.

Electric cars often have higher repair costs than conventional vehicles due to their specialized parts and technology. As a result, insurers may charge higher premiums for EVs. However, electric cars are known for their safety and eco-friendly features, which can help offset the increased cost. For instance, EVs with advanced driver-assistance systems or superior crash test ratings may qualify for discounts on insurance premiums.

When choosing auto insurance for your electric car, it’s crucial to consider the specific coverage options that cater to EVs. AFI Insurance offers customized policies tailored to your unique needs, providing the necessary protection for your electric vehicle. Talk to one of our knowledgeable agents to determine the right coverage and discounts applicable to your EV.

As the electric car market continues to evolve, it’s vital to understand the distinct characteristics of EVs and how they impact insurance costs. AFI Insurance, serving Denver, CO, is committed to helping you navigate the world of auto insurance for electric cars. Please get in touch with us for more information or assistance with your auto insurance needs.

Retirement Planning for the 55+ Crowd in Denver, CO

It’s never too late to start saving for retirement. Even if you are over 55 and haven’t started planning, there are still ways to ensure your golden years are comfortable and secure. AFI Insurance explains some of the best strategies available to people in Denver, CO to jumpstart their retirement savings. 

Traditional IRA vs. Roth IRA 

One of the most important things you need to decide regarding retirement planning is which type of account you should open—a traditional IRA or a Roth IRA. Both have advantages and disadvantages, so it’s important to carefully consider your options before deciding. 

A traditional IRA offers tax-deferred growth on contributions made throughout your working life. Any money you contribute will not be subject to taxes until you withdraw from the account during retirement. A Roth IRA offers no immediate tax benefits but allows withdrawals during retirement without paying any taxes. 

Maximizing Your Contributions 

Once you have chosen an account type, it’s time to start contributing as much as possible each month while still being able to cover monthly living expenses such as rent or mortgage payments, utilities, food costs, etc. Whether you choose a traditional or Roth IRA will affect how much money you can put away each month; however, both types offer favorable contribution limits that allow for plenty of financial flexibility over time.

Get Started Today

At AFI Insurance in Denver, CO, our dedicated agents can help you find the perfect retirement plan that fits your needs and goals. We specialize in helping individuals over 50 prepare for their future by offering advice on investments and insurance products designed specifically for those nearing retirement age.

What You Need To Know About Speciality Insurance

Businesses have unique needs and are often at unique levels of risk. Insurance services from AFI Insurance serving Denver, CO, and the surrounding areas can help to offset these risks. Keep reading to learn more about specialty insurance and how it can help small business owners like you.

What Is Specialty Insurance Coverage?

Specialty insurance policies are specially designed for business owners needing unique coverage. This might include coverage for high-risk holdings. If businesses deal with unusual objects or products that do not usually fall under a standard insurance policy, a specialty policy could help. This might include weapons, antiques, or other items uniquely valued.

Who Should Purchase Specialty Insurance?

If you are a business owner serving high-risk clients, you will want to consider specialty insurance. An example would be a skydiving company. Any company actively providing high-risk experiences for clients will be at an increased risk of liability for those clients.

Construction contractors are another type of business that may want to consider specialty insurance. Unfortunately, builders often get sued when things do not go as planned. Having this type of coverage in place could help to protect your business from financial hardship.

You can talk with an insurance expert to learn about specialty insurance categories to find the right policy.

Will Specialty Insurance Protect From Lawsuits?

The risk factor is that a client or customer will sue the business and that the expenses of that legal action will negatively affect the business. Specialty insurance can protect you from paying the costs that might arise from a lawsuit.

If you would like to learn about specialty insurance, please get in touch with AFI Insurance serving Denver, CO, and the surrounding areas. We will happily answer your questions and help you find the right policy.

Choose Commercial Vehicle Insurance to Protect Your Employees on the Road

As a Denver, CO business owner, you want to ensure that your employees are safe and secure while driving for work-related purposes. That’s why having commercial vehicle insurance is so important. It helps protect your employees in the event of an accident or injury and safeguards your business from expensive legal liabilities. Here’s what you need to know about commercial vehicle insurance and why it’s essential for any business with a fleet of vehicles. 

What Is Commercial Vehicle Insurance? 

Commercial vehicle insurance is a policy designed specifically for businesses using vehicles for work. This type of coverage protects the company and its employees from liability in the event of an accident or injury involving one of their vehicles. It also helps cover medical costs, property damage, and other expenses related to a company vehicle incident.  

Do you need help understanding your coverage needs? AFI Insurance can assist you in selecting a policy that is right for your business and provide expert advice to ensure you are fully protected.

Benefits of Commercial Vehicle Insurance 

Having commercial vehicle insurance can provide significant benefits to both employers and their employees. For employers, it protects against financial losses if an employee is injured while driving a company car or truck. It also helps protect against legal liabilities should an employee be found at fault in an accident while operating a company-owned vehicle. 

Employees with commercial vehicle insurance can safely operate company vehicles without fear of being personally liable if something happens on the road. Without this coverage, drivers may be responsible for costly repairs or medical bills if they are involved in an accident while using a company car or truck. 

Contact AFI Insurance today to get started if you want quality commercial auto coverage in Denver, CO.

What if I Live a Dangerous Lifestyle?

Your life insurance company will perform due diligence to assess the level of risk they undertake when they agree to accept you as a subscriber. In doing so, they must determine certain risk factors in your health and lifestyle. 

If your hobbies, for example, include skydiving, this should be divulged to your AFI Insurance representative. Your activities will not be judged on their appearance or common perceptions of their hazardousness but on the actual statistical likelihood that they could cause a life-threatening peril. Skydiving, for example, has not been found to pose a severe threat to one’s life in any significant empirical data. 

Something like this would not necessarily bar you from obtaining life insurance, but it could increase your premiums. Other recreational activities may be too risky for a company to indemnify you against. It’s important to remember that life insurance is not a legal requirement in the region of Denver, CO but is a resource people choose for its ability to convey wealth to their benefactors. 

Another category of risk comes from your occupation. Some of the most dangerous jobs include fishing, hunting, logging, piloting, roofing, construction, farming, and driving trucks. Law enforcement and firefighting also come with elevated danger. Your insurance company likely has several classes of categories they use to label various factors. They will designate you the level of risk they feel most likely suits your work and other habits to insure you properly. 

We Can Help you with Life Insurance.

AFI Insurance takes pride in serving Denver, CO with insurance products and services to meet your needs. We invite you to contact us by calling, visiting us online, or stopping in person for more information about how we can serve you. 

What Should I Do After a Car Accident in Denver?

Knowing what steps to take is essential if you’ve just been in a car accident. In the moments following an accident, you may feel overwhelmed and scared. Keeping your emotions in check and taking care of the steps can help you safely get back on the road. Here are some key things to remember if you have recently been in a car accident in Denver, CO.

Step 1: Remain Calm and Check for Injuries 

The first step is to remain calm and assess everyone’s safety. If possible, move your car to the side of the road and turn on your hazard lights. Check yourself and all other passengers for any injuries, no matter how minor they may seem. Call 911 immediately for injuries or significant property damage from the accident. The police can document details of the accident that could help in any future legal proceedings or insurance claims. 

Step 2: Exchange Information and Document Damages 

Both drivers should exchange pertinent information, such as name, address, phone number, driver’s license number, vehicle registration number, and insurance policy information, with each other at the scene of the accident. Take pictures or video of both vehicles and any further property damage sustained during the incident. Get contact information from witnesses who saw what happened before they left the scene. 

Step 3: Contact Your Insurance Company and Seek Medical Attention (If Needed) 

Once all your immediate needs are taken care of at the scene of an accident, contact AFI Insurance as soon as possible so we can start working on your claim immediately. If anyone was injured, seek medical attention as quickly as possible. It could affect your claim if you delayed seeking medical attention, even if you thought the injuries were insignificant.             

Don’t wait until you have an accident in Denver, CO to get the proper coverage. Contact AFI Insurance for peace-of-mind protection against life’s unexpected events.

Does home insurance cover my work-from-home office?

Many companies now encourage their employees to work remotely from home. But what about your home office space and all your work equipment? Is it covered by your Denver, CO home insurance policy? AFI Insurance discusses what you need to know when protecting your work-from-home office. 

What is Covered? 

In most cases, your home insurance policy will cover the property in your home office, such as computers, furniture, and supplies. However, there are some limitations on what is and isn’t covered. For example, suppose you have expensive electronics like a professional camera or high-end audio equipment that you only use for business purposes. In that case, your regular policy may not cover these items. In this case, you may need to purchase additional coverage to ensure they are protected. 

Business liability insurance coverage is critical if you are interacting with customers regularly. It can provide protection if someone slips and falls in your home office or if something happens to damage another person’s property while you are working from home. 

Will My Rates Increase? 

The cost of covering the contents of your work-from-home office may cause a slight increase in your premium rates depending on how much coverage you need. However, it’s important to remember that having the right level of protection can save you money in the long run if something unexpected happens while you’re working from home.

If you work from home in Denver, CO, it’s essential to ensure that you and all your belongings are adequately protected. Do you still have questions? Contact AFI Insurance today – we’re here to help.

Why should you work with a professional for your financial planning needs?

Those that live in the Denver, CO area need to take their financial planning needs seriously. When you are looking to plan for the future, it would be a good idea to work with a professional financial planner. There are various advantages received if you hire a professional financial planner in this part of Colorado. 

Personalized Support and Plan

One of the reasons to work with a professional for your financial planning needs is so you can receive personalized support and a customized plan. No two people are the same in preparing for the future. All people will have different assets, sources of income, and long-term goals. When you work with a financial planner, they will help you create a plan based on your personal situation. 

Learn About Various Options

One of the challenges people can have when preparing for the future is that they do not know enough about their investment options. When working with a financial planner, you can learn much more about the different options available. This can help you create a more customized and diversified plan and give you more insight into tools and investments you can take advantage of. 

Anyone in the Denver, CO area will need to take their long-term financial planning needs seriously. When you are looking to build a financial plan here, it would be a good idea to call the team with AFI Insurance. There are many choices to make as you are planning for the future, and AFI Insurance will provide helpful support. They will take a customized approach to understand your needs and goals to ensure you have a solid plan in place. 

What is specialty insurance and who needs it?

As a business owner, you may run an unusual business that has unusual or untypical needs. As a result, a standard business insurance policy may not meet your business’s needs. In situations like this, specialty insurance may be a viable option. Our Denver, CO team at AFI Insurance educates business owners with unique needs on the benefits of specialty insurance. 

What is Specialty Insurance?

Specialty insurance is designed to provide coverage for businesses with unusual needs. For example, a business owner with high-risk investments or holdings may need more coverage than a typical business would. Also, your business may require you to get covered for items or circumstances that aren’t typically covered by a business insurance policy. This makes specialty insurance beneficial and useful for businesses with atypical or unusual needs. 

Examples of specialty insurance include excess liability coverage and umbrella insurance. Both of these insurance policies kick in when the limits of your primary insurance policy have been reached. Specialty insurance provides coverage when your primary insurance limits have been met and coverage for items that aren’t included in a typical insurance policy. 

Who Needs Specialty Insurance?

If you’re a business owner with unique needs that aren’t entirely met by your standard business insurance, specialty insurance may be a good investment for you. Specialty insurance will ensure you get the coverage you need, in the amounts you need for your unique specialty, service, or product. Call us if you have a business that may benefit from specialty insurance. We’d be happy to help you explore your unique needs and find insurance coverage to meet your business needs.