July, 2021 | Blog | AFI Insurance

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.

When you get into a car accident while driving around Denver, CO, you need to have car insurance, otherwise you could be breaking the law.

In Denver, drivers are required to have liability insurance that will cover bodily injury to another person or property damage to another individual’s property or vehicle. You are required to carry a minimum amount of liability insurance:

For bodily injury or death to one person in an accident: $25,000
For bodily injury or death to all person in one accident: $50,000
For property damage in one accident: $15,000

But, just because liability insurance is the only insurance you are required by law to carry, that doesn’t mean it’s the only insurance you should consider. There are several other options that will further protect you, your passengers and your property.

For example, it is always a good idea to purchase uninsured/underinsured motorist coverage. This option will ensure that if you are in an accident with a motorist who does not have insurance that you and your car will be covered for any damages.

The next option you will want to consider as a driver is comprehensive and collision coverage. This insurance protects you against other damages to your vehicle outside a crash or accident. This can include damage sustained by bad weather It also protects you should your car be involved in a rollover.

Selecting the right insurance is an important decision for any driver. If you have questions or are interested in learning more about your options, contact AFI Insurance in Denver, CO for more information. Our experienced team of agents can put together the best plan to meet your needs.