November, 2022 | Blog | AFI Insurance

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.

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.