Raceway Insurance: Race Car Driver, Vehicle and Animal Racetracks

There is no doubt that racing – whether by auto, motorcycle, truck or other vehicle or animal – is a very hazardous sport. It is for this reason that insurance coverage is so important for the driver and track owner or sponsor.

Racing Car Driver Insurance

Known in the industry as AD&D Coverage, this insurance is designed specifically for the racing car drivers. Providing accident and health coverage for competing drivers, the companies that write this type of indemnity are most likely in the market for other sporting industries. In regard to racing car drivers, disability limits differ according to each individual insurer.

Vehicle Racetrack Insurance

If you have ever been part of the enthusiastic audience viewing a car, motorcycle or any other recreational vehicle race, you can well understand that there are significant risks to safety. Much like any highly populated sports event, there is the issues related to crowd control and bleacher hazards. In regard to third-party injury claims, vehicle racetrack insurance covers the owners and/or sponsors behind the event.

Specific scenarios in which a lawsuit may be initiated by an injured spectator include:

• When a grandstand or bleacher folds and falls

• When a member of the crowd is impacted by a participating car collision or accident

• When someone watching a practice session or actual race is hurt by debris hurled as a result of an accident

This particular coverage does not include protection for owners of vehicles or sports car drivers. Refer back to the above summary about racing car driver insurance for more on the topic.

Animal Racetrack Insurance

Prime examples of animal racetrack participants are horses and greyhounds, but other animals are also included. Significant risks include exposure to hay and any other combustible matter that is general part and parcel of the property. On the other hand of course, there is also the potential of damage to the involved animals as well as the possibility of damages caused by the animals to consider. The related liability factors are very much the same as any other sporting event. However, the fact that animals and employees and spectators are so close to each other, places an underscored hazard risk at the racetrack.

Then again, many of the racetracks have ongoing betting activity which clearly leaves exposure to criminal activity, defined by the indemnity industry as dishonesty exposure. When eateries are also a part of the framework, the related restaurant risk exposure and liquor liability exposure go hand in hand.

For more about related business insurance coverage, speak with an experienced independent agency that has your best interests in mind.

Some of the Vital Auto Parts For Your Car

Auto parts are essential for every car to ensure more safety, especially during times of car break down. However, before making any any purchase, it is essential to ensure the essential parts you want to install in your car. Another thing that you need to consider is the price of those parts. No matter who fixes them, they need to be inexpensive and of a high quality.

Most auto parts are costly. Nonetheless, if you have a warranty for your car, then you can easily cover those expenses of major repairs and part replacements.

Always, seek professional help before buying anything for your vehicle. For buying any kind of car parts, you have two main options, you can either visit some of the local stores or go online to find such auto parts. Many stores now have established online stores to sell to customers.

For a budget conscious person, two different options are available to buy inexpensive car parts. These options include discount and used auto parts. Usually, you get discount on your parts when you buy more than one. Similarly, you can also buy used car parts at affordable rates. However, be sure to buy the quality ones for long-term use.

Some Vital Auto Parts:

Before purchasing any kind of part for your car, do a little bit of research over the Internet to know some of the vital ones. These parts include accessories, body kits, air intakes and conversions, brakes, car audio, bulbs, auto alarm system, video, exhaust, car interior, ground effect kit, tail lights, head lights, performance parts, ignition systems, spoilers, police light sound, suspension door kits and wheels. You can find these custom auto parts in several online as well as offline automobile stores, wherein they sell car parts and other auto accessories.

While purchasing auto accessories, ensure to buy the right one for your car. You can take help of web sites in this regard, since they display a wide array of motor vehicles wherein you can select the best to fit in. Air intakes are the most beneficial parts that you can buy for your car and are available in two varieties such as the very long on that goes into your bumper and another that goes into your hood. They add additional power for your car engine and help to control the noise that your car may produce.

Brakes are also one of the more important parts. Best thing about brakes is that you can get the best braking power, since most shops and sites enable you to get efficient brakes for driving. You can either fit them yourself or seek professional help to install for your car. However, it is necessary to know the kind and model of your car, so that you can have a perfect compatibility. Some well-known quality brakes available in the market include Audi brakes, Acura brakes, BMW brakes, Bentley brakes, Ford brakes, Honda brakes, Hummer brakes, Toyota brakes and Jaguar brakes.

Online Dealers of Auto Parts:

The Internet has made it possible to buy auto parts for your car at comfort of your home. This process is convenient as well as cost effective. In addition, when you order these car parts online, you have an option to get delivery sometimes as fast as the next day. Moreover, when you buy through online sellers, you get discounts on replacement parts, tools, equipment, accessories, performance parts and chemicals. Of course, this costs some additional price, but is better than putting hard efforts on looking for desirable car parts.

Traffic Violations, Auto Insurance, and Your Rates

Auto Insurance is expensive enough. You do not need a traffic ticket to make your premiums go up even higher. That is why it is important to drive carefully, courteously and within the legal speed limits. This way, you will give no reason for a police officer to pull you over and hand you a summons in regard to irresponsible driving patterns.

You may wonder. The ticket itself involves a fine. Why would you be penalized any further by your insurance company?

To be honest, your insurance company is not interested in punishing you. They are solely out for their own interests. When they see you have been convicted for a moving violation, they view that as a peril to their operations. Traffic violations demonstrate to the insurance company that you are at more risk of being a part of a car accident or collision than someone that has a clean driving record. A car accident, in insurance terms, means there will likely be a claim that they will cost them money. The insurance company balances the risk of an auto accident claim with a raised premium or added charge.

Of course each company gauges its response to a poor driving record individually. By and large though, they have a team that looks at the general behavior you have exhibited when you are behind the driving wheel.

And when deciding the amount of the rate increase, the insurance company will consider the severity of the traffic violation.

So, if you are committed of drunk driving, you will find yourself up against an extremely strict reaction in regard to a rate increase. If you have merely been ticketed for a broken headlight, judgement meted out against you will be mild. And if you have been found to be speeding 15 miles above the city limits, you will get a higher increase than if you would have been speeding only five miles beyond the posted mileage.

People often ask about parking tickets. For the most part, the motorist who receives a parking ticket need only worry about paying that ticket. The insurance company will not raise your rates if they see that you are responsible about your bill and they do not view a parking summons as a concern in regard to your likelihood of being involved in a car crash.

The line of thought goes far beyond a car. Whether you drive a truck, van, motorcycle or other type of vehicle, your rates can go up if you have been convicted of a moving or speeding violation.

For more on the topic, speak to an experienced independent insurance agent.

First Automobile Works (FAW) – China’s Aggressive Electric and Hybrid Vehicle Manufacturer – Part 1

China FAW Group Corporation is currently billed as the number one automobile maker in China, and is also one of the oldest in the industry, dating back to 1953. FAW Group, or more commonly know as simply FAW, has a wide-ranging base of products, from passenger cars, mini (utility) vehicles, sport utility vehicles (SUVs) and pickup trucks, to commercial trucks, buses and coaches.

FAW also makes components and parts such as wheel rims, truck axles, engine parts and pumps. In recent years, FAW also entered several joint ventures with Toyota and other manufacturers in other countries such as Russia. In fact, its joint venture with Toyota became the reason for the existence of the Toyota Prius. Toyota also produced the Vios and Corolla models through a partnership with FAW’s Tianjin unit. Aside from that, FAW also worked with Volkswagen AG and came up with a high-tech production facility that produces large numbers of cars every year. The company has now grown to become the China FAW Group Corporation from its humble beginnings as a truck maker, and from 1953 up to the present, it has remained at the forefront of China’s car industry. Until now, it maintains its truck market but has expanded and is offering high-quality cars to other markets as well.

Another market that First Automobile Works is currently tapping is the clean car market. The industry has yet to grow, but First Automobile Works is working hard to achieve its goals in the clean car segment. Aside from its continuous efforts in improving sales and production of its current market offerings, the company is also paying attention to the production and development of hybrid cars.

FAW and Toyota Collaboration

One of the most popular and significant advancements in the clean car industry is the Toyota Prius, a heavily marketed hybrid car produced by Toyota in collaboration with FAW. Produced a few years back, the Prius was released in China after Toyota and FAW entered a 50-50 partnership venture. The Prius is a 1.5L vehicle and consumes 40.5% less fuel than the 1.6L gasoline vehicle Toyota Corolla. Recently Toyota announced that its latest generation Toyota Prius will start selling in China in 2010. Despite the Prius’ relatively high price tag (up to 280,000 yuan or US$41,000,) Toyota has reason to be optimistic with expected consumer incentives by China’s central government to spur sales of clean cars including electric and hybrids. Source: gasgoo.com.

China’s automobile industry is very ripe for the introduction of hybrid cars. With the Chinese government wholly supportive and with the subsidies being offered to taxi fleets as well as tax benefits offered to consumers who patronize clean cars, car manufacturers such as FAW and Toyota recognize that there is no better time to introduce hybrid cars to the Chinese market than now. These efforts to further the development of clean cars aim to reduce pollution and relieve oil shortage problems being experienced not just in China but all over the world. Nonetheless, the Toyota and FAW partnership is also planning to release about 400,000 compact, medium, and high-end buses and sedans by the year 2010 to the Chinese market.

More hybrid cars are being planned for release under FAW brand. In fact, the entire FAW Group is expected to release around 1,600 hybrid cars before the year 2012 ends. During the same timeframe, the company is hoping to produce 800 hybrid buses. Most of the hybrid cars are planned to have hybrid engine technologies sourced from Japan’s top car makers. Its hybrid vehicle products produced together with Toyota are expected to hit the global market since Toyota aims to distribute said products globally. These upcoming clean cars will be produced at a special hybrid car facility. FAW has also shown its determination to see the said project through to the end by increasing its investments. There is surely a lot to wait for from FAW.

We’ll look at FAW’s work in hybrid buses in Part 2.