August, 2020 | Blog | AFI Insurance

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.

Let’s face it – shopping at a dealership for a new or used vehicle can be stressful but there’s more exciting or relieving than when the process is finally complete and you receive the keys to your new vehicle. When shopping for a new or used vehicle, not only do you need to have financing in advance of being able to sign on the dotted line but also you will need to show the car dealership proof of insurance.

Keep in mind that since you’ll need to have proof of insurance on the day you take delivery of the vehicle if you are shopping on a weekend, then it may not be a bad idea to call your insurance company or agent in advance of the purchase. This way, you’ll be guaranteed of having everything done in advance – just in case there are any issues. Additionally, just because you add insurance for a new vehicle unto your policy does not mean that you have to start paying for it at the same time. Most major insurance companies will allow you to select a date in advance that you want the coverage to begin on so you only have to pay for it when you take ownership of the vehicle.

Additionally, depending on whether you pay cash, finance, or lease your vehicle you may be required to have different types of insurance coverage. For example, buying cash means that you only have to carry the minimum insurance coverage requirements in your state whereas with a financed vehicle you will need to have collision, comprehensive, and liability coverage on your policy.

When it comes to finding your next auto insurance policy, AFI Insurance in Denver, CO is ready to assist. Our friendly and knowledgeable team of insurance professionals will take the time to answer all your questions while helping you find a policy that best fits your needs.