Though you may not have heard the term “specialty insurance” before, you’ve likely encountered this type of policy. In the most basic sense, specialty insurance covers unique items that are likely not covered by a traditional insurance policy. Denver, CO residents need to understand all the options available, which is why the team here at AFI Insurance is taking a closer look at specialty insurance as a whole.

Things That Need Specialty Insurance Coverage

Generally speaking, a specialty insurance policy is designed to cover the cost of repairing or replacing rare/expensive items or events. Policies are available for leisure activities and travel, as well as boats, classic cars, motorcycles, snowmobiles, jet skis, and even pets. In short, if you want or need it to be insured, there’s a policy. These policies can often be customized to suit specific situations and are ideal for anyone that wants to protect themselves and their property.

To complicate matters, some of these items are required to be insured by law, which can vary from state to state and change as new laws are passed. The best way to ensure you have the right coverage for your items is to contact an experienced insurance agent. This allows you to not only compare different coverage types with ease but also helps you make sure you’re getting the best rate.

Considering Specialty Insurance? Contact AFI Insurance in Denver, CO Today!

When you need to insure items not covered–or inadequately covered–by traditional insurance plans, contact our team today! We’ll do the hard work for you, presenting you with the plans that most closely match your needs from the top providers in the country. Contact us today to learn more or to receive a quote!

As a business owner, you probably understand the importance of business insurance. However, finding the right insurance plan can be a challenging task. To find good commercial insurance that will suit your needs, you need to do some homework. A part of this homework is acquiring as much information as you can. The best way to get information is to ask questions. Here is a list of questions you should ask an insurance agent when shopping for business insurance: 

• What type of commercial insurance can and should I get? The types of business insurance that you want to consider include business interruption insurance, liability insurance, errors and omissions insurance, extra expense insurance, and others. 
• What is covered by commercial insurance? Understanding what is covered by business insurance and what is not is essential. An insurance agent can always explain the details of coverage, so make sure to ask this question. 
• How can I submit a claim? Every insurance company works differently when it comes to submitting claims. It is important to ask an insurance company to clarify this process to protect yourself from a headache in a crisis. 
• Can I bundle my business insurance? Sometimes, you can bundle your business insurance with other types of insurance. It is a good practice because it helps you save a lot of money. Ask an insurance agent whether their insurance company offers this option. 

AFI Insurance  – Reliable and Trustworthy Insurance Company Serving Clients in Denver, CO

If you are considering getting insurance for your business, AFI Insurance is the company you should contact to receive all the necessary information. We specialize in different types of insurance, including commercial insurance as well. Do not hesitate to contact us if you have any questions or are ready to purchase an insurance plan. 

Life insurance is something no one wants to think of, but it is one of the most important types of insurance to have. The primary purpose of this insurance is to protect dependents if the family provider passes away financially. Anyone would benefit from life insurance, but there are certain categories of people who need it most:

People Who Would Benefit From Life Insurance:

• Breadwinners. If you are a breadwinner and your family depends on you financially, you need life insurance. It will provide income replacement, so your dependents will use life insurance to pay for their everyday expenses if something happens to them. 
• Stay-at-home parents. Stay-at-home parents play a vital role in their families by creating a supportive environment for their children and spouses. They provide such services as childcare, preparing meals, cleaning the house, etc. These services cost a lot of money, and life insurance can cover them. 
• Single mothers. Over 40% of children in the United States are born to unmarried women. Since single mothers are usually the only providers for their children, they should carry life insurance to protect their babies. 
• Business owners. If you own a business, you will also benefit from life insurance that can be used to pay off your business debts. You can also use life insurance to fund your employees’ retirement plans. 

 AFI Insurance – Insurance Company in Colorado That You Can Trust

If you live in Denver, CO, or any other nearby area, and are looking for life insurance, contact AFI Insurance. You can count on our company which specializes in different types of insurance, including life insurance as well. Our experienced and knowledgeable agents will help you choose the perfect plan based on your needs and budget. We serve clients in Denver, CO, and other towns in Colorado. Please visit our website and give us a call. 

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.

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.

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.

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.