Blog | AFI Insurance

What Should I Do After a Car Accident in Denver?

Posted on January 30, 2023January 20, 2023 by AgentInsure

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?

Posted on January 20, 2023January 20, 2023 by AgentInsure

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?

Posted on December 30, 2022December 13, 2022 by AgentInsure

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?

Posted on December 15, 2022December 13, 2022 by AgentInsure

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.

Required Auto Insurance in Colorado

Posted on November 29, 2022November 23, 2022 by AgentInsure

When you own a vehicle in Colorado, you must have auto insurance. There are specific types of coverage that you must have in this policy. When you call us at AFI Insurance in Denver, CO, every agent knows precisely which types of coverage are required by the state and how much of each is required. Call us when you need an auto policy, and keep driving legally.

Liability Auto Coverage

The types of coverage required by the state of Colorado are both types of liability coverage. With liability coverage, the bills incurred by the other party are paid for by your insurance policy when you are at fault for an accident that causes damages. There is a required amount for property damage liability, but it’s a low amount when compared with many states. It may be best to get more coverage than the state requires. There are two amounts that the state requires to be in the policy for bodily injury liability. This includes an amount for one person who is injured and a higher amount that is for everyone who is injured. These two amounts can also be raised when you want better coverage than the minimum required. When you have liability coverage, it will also pay for legal defense if you are sued for a covered accident.

Other Coverage

When you want even better coverage, it’s also a good idea to get comprehensive and collision coverage types. Collision pays for your vehicle’s damage after an accident that’s your fault. Comprehensive pays for other risks to your car that can happen when it isn’t being driven.

Get Your Colorado Auto Insurance

If you’re in Denver, CO, you can call us at AFI insurance to get started with your own policy.

Are You a Homeowner? Protect it with Insurance

Posted on November 23, 2022November 23, 2022 by AgentInsure

Do you live in or around the Denver, CO area? If so, are you a homeowner or thinking about becoming one? The professionals at AFI Insurance can get you started on the road to homeowner protection.

Homeowners insurance is an essential expense when owning a home, even though it may be unnecessary. There are extra costs added to the purchase price of a home. When you have a loan, the interest could be significant; there may be private mortgage insurance and property taxes. These things add up, and if you want to save money, you may wonder if homeowner’s insurance is necessary.

This coverage is not a legal requirement in any state. You will not be fined if you decide to do without it. However, you will find that homeowners insurance is required when carrying a mortgage on the property. You will not find a lender who will approve a mortgage without it. Insurance not only protects your home, but it protects the lender’s interest in the home. They require that you carry insurance that covers the full replacement cost of the house or the unpaid principal balance on the mortgage.

There are other protections your lender could require. Certain specifics include lightning, fire, the weight of snow on the roof, frozen pipes, etc. They require that you have met their requirements before loan processing.

Another added benefit of homeowners insurance is that it protects you from lawsuits. The personal liability portion of the policy will help cover you if a visitor falls and gets hurt on your property or if your dog decides to bite a guest. This protection is needed even if your home is paid for.

Don’t risk your financial security. In case of a lawsuit, you could lose your home needlessly. Homeowners’ insurance will prevent that.

For a no-obligation quote, contact AFI Insurance today. You will be glad you did.

Will specialty insurance cover my priceless artwork/paintings?

Posted on October 24, 2022October 24, 2022 by AgentInsure

Many of us have personal possessions that we want to protect that may not be covered under a particular insurance policy. These items may be rare or unusual or not fit into what’s typically covered under an insurance policy. Our team at AFI Insurance is committed to helping Denver, CO residents get coverage for items that a conventional insurance policy may not easily cover.

What is Specialty Insurance?

Many insurance policies may not cover priceless and or unique items. Specialty insurance is designed to cover your items or personal possessions that aren’t covered under a typical insurance policy. Specialty insurance is designed to cover many items that don’t fall under a standard insurance policy or exceed the limits of a typical insurance policy. Typically, artwork and other expensive items are perfect for specialty insurance. You can even cover vacations or other events with specialty insurance. For example, travel insurance would fall into the category of specialty insurance.

Will Specialty Insurance Cover my Priceless Artwork/Paintings?

Typically, your valuables are covered under a homeowners’ insurance policy. However, some insurance policies will not cover your valuables if they are costly and rare. Specialty insurance can provide coverage for your expensive or rare artwork. However, it’s a good idea to talk with an insurance specialist to get as much information as possible regarding your unique situation. If you have questions about specialty insurance and want to know if some of your rare or unusual items could be covered, call us. We can discuss your options and find the best coverage for your unique items.

Financial Planning for Children: How to Ensure Your Kids Can Afford College

Posted on October 24, 2022October 24, 2022 by AgentInsure

It is never too early to start thinking about how you will finance your child’s education. College costs have skyrocketed in recent years, and there is no sign of them slowing down. Luckily, Denver, CO parents have options to ensure their kids can afford the college of their dreams. At AFI Insurance, we can help you plan for your child’s future education starting today.

When Should You Start Financial Planning for Children?

As a general rule of thumb, it is never too early to start saving for your child’s future education expenses. Even if you cannot contribute a significant amount each month, every little bit helps and can make a big difference down the road. Additionally, there are many different ways to save for college, such as setting up a 529 Plan or opening a savings account specifically for this purpose.

The Benefits of Financial Planning for Children

There are many benefits to financial planning for your child’s college. It can help you save on tuition, fees, and other associated costs. It can also help you choose the right school for your child and ensure they get the best education possible. Financial planning can also help you set up a payment plan that works best for your family’s budget.

How to Save for Your Child’s Education

If you’re a parent in Denver, CO, and looking for ways to save for your child’s college education, our experts at AFI Insurance can help. We can work with you to find a savings strategy that fits your goals and budget. We can also help you find ways to get the most out of your money to make the most of your savings. Contact us today to learn more about how we can help you save for your child’s future.

The Two Main Types of Life Insurance

Posted on September 29, 2022September 21, 2022 by AgentInsure

For most people, having a life insurance policy can help them leave behind something needed for their family after they are gone. When people depend on you, your income may be indispensable to your loved ones. To make sure there is money left behind, you need a life insurance policy, But which type of policy do you choose? You need to know about the two main types to decide which type is right for your needs and budget. When you want life insurance in Denver, CO, you can call us today at AFI Insurance.

Whole Life Insurance

This type of policy comes with several great benefits. These policies aren’t for everyone, as they can be expensive, but they have significant advantages. A whole life insurance policy is named this because it stays good for the rest of your life. This policy never expires and remains in effect no matter your age. This type of policy also has the advantage of building up a cash value as the years go by. This becomes an amount that the policyholder can borrow if they have a strong financial need.

Term Life Insurance

Term life works very differently with a set amount of time for which the policy is good. During this term, the policy is good but no longer valid when it ends. Term life does not build up a cash value. However, it is an inexpensive type of insurance that can better fit into many people’s budgets, making it possible for them to have life insurance.

Get Your Life Insurance Policy

You need a life insurance policy to ensure that your loved ones are taken care of. In Denver, CO, call us at AFI Insurance.

Required Commercial Insurance in Colorado

Posted on September 21, 2022September 21, 2022 by AgentInsure

Colorado is a great place to own a business, and it’s essential to know the types of commercial insurance you need. If you have a Colorado business, there are two types of commercial insurance your company might require. You need to learn what they are and whether each is required for your specific business. In addition to these policies, you should also look into other helpful coverage types. Make sure you know what is available and how it can help you protect your business and finances. Call us at AFI Insurance in Denver, CO to find out more.

Commercial Auto Insurance

Does your Colorado business own a vehicle? If so, you are required to have a commercial auto policy on it. This is true for each vehicle that you own. This policy protects you and your business by paying for the property damage and injuries that can be caused in an accident. The state has different types of coverage required to be in these policies, including bodily injury liability amounts and an amount for property damage liability. You can add to the state’s minimums if you want better protection. You can also add collision insurance which pays for the damages to your company’s vehicle.

Workers’ Compensation Insurance

Your Colorado business must also have workers’ compensation insurance if it has any number of employees. The state assumes that anyone working for your company is an employee, and they must have a policy in place. This coverage protects you from having to pay the high medical bills due when someone is injured at work.

Get Commercial Protection

When you have a business to protect, we can help. Just call us at AFI Insurance in Denver, CO.

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