One of your biggest concerns as a parent is providing for your children if something should happen to you. The agents of AFI Insurance serve residents living in the Denver, CO area. They understand those concerns and can help you create a policy that will provide funds for your children’s welfare in the event you are taken from them. Trust funds are just one option that can be used to earmark fund for each of your children.

Creating a Trust for Minor Children

If you plan on designating a specific amount of money for each child to be placed into a trust, you will need to find a beneficiary who is willing to carry out your wishes once you have passed away. While you can designate each child as a beneficiary, the parent or guardian of the child will gain control of the funds upon your death and there will be no guarantee that the money will be used solely for their well-being. 

The Right Beneficiary

Choosing the right beneficiary ensures the proper steps will be taken to put the money in a trust fund where it can be used as needed to care for your child. If this is what you are interested in doing, you can name your family’s attorney as your beneficiary allowing them to establish the trust funds in your children’s names.

In Denver, CO, the agents of AFI Insurance can answer your questions and address any concerns you may have. If you want to learn more about setting up a trust fund or choosing the right beneficiary, call their office today and schedule an appointment. They can help you get the right policy to meet your needs.

If you are a business owner, your business facility is one of the biggest assets you have. This is the place where you will conduct your business and it is the location that customers associate with your business. Keeping your facility up to code is important for a number of reasons. 

Customer Impressions

Your facility is often the first encounter that your customers will have with your business. When your customers first arrive at your facility they will quickly form a first impression of you and your company. Keeping your company facility looking nice and maintaining safety codes will improve your impressions on your customers.

Safety of Employees

Keeping your company facility up to code is also important to the safety of your employees. The safety and building codes that are in place are set there to keep employees and customers safe. This is also a protection for you as the business owner because if a customer or employee is hurt at your facility then you could be held liable in a law suit or in a worker’s compensation suit. These types of expenses could be devastating to your business. Taking the time now to make your company facility safe will save you money in the long run even though you may need to invest money initially. 

Respect in the Community

The community in which you operate your business will have an opinion on you and your company. You want to establish a good reputation and relationship with your community. Keeping your facility up to code, nice looking and safe will all help achieve this goal. When you have a good working relationship with the community in which you operate, you will be able to benefit in many ways. 

If you would like to learn more about commercial insurance contact AFI Insurance serving Denver, CO. 

You are bringing your boat home after a summer vacation on the waters. You get it on your trailer and you are ready to start towing her home. While transporting the boat home, you keep checking the rear mirror just to ensure your vessel is okay. Unfortunately, you hear a weird noise, and on looking back, you realize that your boat looks crooked. So what are your options? Will your boat insurance policy protect it if you are in transit?

Land transportation is also included in boat insurance, meaning that your vessel will be protected when you are transporting it to any destination. However, it’s important to confirm with the insurer before purchasing the coverage. AFI Insurance is one of the insurance companies you can rely on when you need boat insurance in Denver, CO.

Usually, most boat insurance plans offer a road transit coverage if your craft is less than 30ft. But, your insurer may cover a larger boat as long as the transit is done by a professional transport company using a trailer that is built to transport boats. Note that you must notify your insurer in advance.

You require a boat insurance policy

A boat insurance plan will cover damage to your boat whether you are in or out of the water, and still give you liability protection if you are found responsible for injuries to water skiers, swimmers, or other boaters, or when you damage a dock, another boat or the environment as a result of fuel spillage. Additionally, boat insurance offers a no-fault medical bill payment coverage for injuries that your passengers suffer on your boat after an accident.

You can get a hassle-free boat insurance coverage today in Denver, CO when you contact AFI Insurance. We will make it fast and straightforward, so you can be safe whenever you are transporting or using your boat.

If you’re planning a trip to Mexico, you may think of renting a car in Denver, CO and driving across the border. Your U.S. auto insurance company may have written policy information indicating you are covered for any incidents occurring in Mexico.

This is not true. The only insurance coverage acceptable in Mexico is Mexican insurance. Some car rental companies offer Mexican insurance and others don’t. How far do you intend to drive into Mexico? You will need a temporary import permit for the rental car if you plan to drive farther than the Border Zone. The Border Zone extends about 20 miles into Mexico. The import permit will be issued for the same amount of time as your tourist permit. You will also find slightly different rules for the states of Baja California and Sonora.

You can purchase temporary Mexican auto insurance for your rental car. You will need to take proof of insurance with you when renting the car. Keep the insurance policy with your other required documents at all times while driving in Mexico. Types of insurance coverage that can be included in a Mexican rental car insurance policy include third-party liability, excess liability, medical expenses, and legal aid and bond coverage. You may also want coverage in case of vehicle theft and physical damage to the car.

Before renting a car for a trip to Mexico, check with our AFI Insurance agents serving Denver, CO. They understand Mexican insurance and legal requirements. They will be glad to explain the differences in U.S. and Mexican insurance. They will help you to meet your insurance needs when driving a rental car across the border. 
 

If you are in Denver, CO or the surrounding areas and own a business, you are putting the longevity of your company at risk if you are not covered by a commercial insurance policy. A commercial insurance policy will limit your liability and risks for potential lawsuits, injuries, advertisement claims and much more. 

Workers compensation insurance is mandatory in Colorado for all employers that have a minimum of one employee, whether the employee(s) works part or full-time. A commercial insurance policy- while not mandatory by law- is highly recommended to protect your business. AFI Insurance agents can help answer questions you may have about purchasing a commercial policy for your business. 

What Should my Commercial Policy Cover?

A considerable risk is involved in owning a business. The following should be covered under an ideal commercial insurance policy:

• Legal fees and medical expenses from a lawsuit
• Injuries that occurred at your place of business, or as a result of your business, and injury claims
• Property damage
• Legal settlements and judgments
• Legal fees associated with advertising claims
• Legal fees associated with company investigations
• Products that have caused damage or injury to a customer or employee

Those basic factors are usually sufficient for a small business. However, there are limitations to policy coverage amounts. If your company is large with a high number of employees or revenue, additional coverage may be appropriate to extend beyond the financial caps of your commercial policy. This is also true if you want to add other coverage, like property damage as the result of a natural disaster. 

AFI Insurance agents in Denver, CO are experienced, professional and can define the right commercial insurance policy to fit your business needs.  Contact an agent today to learn more.