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Colorado Insurance Blog

Am I Required to Get Full Coverage Auto Insurance When Buying a New Vehicle?

If you’re purchasing a new car, you might consider changes to your auto insurance. You’ll need to purchase a policy if you don’t currently own a car and don’t have car insurance. Our agents at AFI Insurance in Denver, CO can help you find the right auto insurance. Full coverage car insurance is a common choice for new car drivers. Here’s what you need to know.

Understanding Full Coverage Car Insurance

Full-coverage car insurance is a comprehensive policy that covers various issues that could affect your vehicle. From theft to collisions, it helps drivers repair or replace their vehicles when a covered event occurs.

Who Should Consider Full Coverage Car Insurance?

Owners of new or high-value vehicles often choose full-coverage auto insurance. Because replacing high-value vehicles can be expensive, this coverage can make them more affordable.

Is Full Coverage Car Insurance Mandatory?

If you’re buying a new car with a loan, your lender may require you to have full coverage insurance. Before finalizing your purchase, talk to your lender to determine if you’ll need full car insurance coverage. Your loan won’t be approved unless you prove you have this type of insurance.

Are you interested in learning more about full-coverage car insurance for your new vehicle? Contact AFI Insurance in Denver, CO, to make your purchase.

How Often Should You Review Your Home Insurance?

As a responsible homeowner, reviewing your home insurance is crucial to protecting yourself and your family. If you live in the Denver, CO, area and need a home policy review, consider contacting us at AFI Insurance. We understand the importance of safeguarding your home and can help you choose the right insurance products. Here’s what you need to know about policy reviews.

The Importance of Home Policy Reviews

Insurance reviews are designed to ensure your protection. During a review, you can update any inaccuracies, adjust your coverage levels, and gain confidence in your policy. Many people renew their existing policy without considering if it’s still the best fit. Regular reviews can help prevent this.

Reviewing Changes in Circumstances

Significant changes in circumstances should prompt a home policy review. These could include home additions or the acquisition of large items like family heirlooms, grand pianos, or swimming pools. While these changes may not necessitate a policy adjustment, a review can help you make an informed decision.

Support Makes a Difference

Even without significant changes, reviewing your home insurance with an agent at least annually is advisable. This ensures you receive the proper support for quality insurance and peace of mind. Contact us at AFI Insurance today if you’re in the Denver, CO area. We can review your policy to ensure you have the coverage you need.

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