Drag racing is a common pastime for many in Amarillo, TX but is a dangerous one. In fact, it can have a nasty effect on your car insurance if you aren’t too careful. That’s why we, at Lonestar Insurance Specialist, are breaking down what you need to know about this topic.
Insurance Does Not Cover Drag Racing
Drag racing – either competitively or something done for kicks on weekends – is considered a dangerous way to use your car. Therefore, most types of car insurance policies won’t cover it because they consider it as reckless behavior. As a result, you can expect your payments to increase.
Just as importantly, most providers may increase your interest rates if they find out that you have been drag racing at any time. This increase can be quite high and may make it difficult to pay your policy. Even worse, some providers may consider canceling your policy due to your dangerous and illegal behavior.
Competitive Drag Racing My Require Specific Policies
However, if you perform legal drag racing on a track for cash and prizes, you can get what is known as competitive car insurance policies. These types kick in on any car that is used for competitive services and protects them from problems caused by these events.
Please note, though, that street racing without an appropriate license – and without control by racing authorities – is not covered by competitive insurance. These acts are illegal and will be treated as such by your insurance policy.
So if you plan on dragging and need high-quality insurance, please don’t hesitate to contact us at Lonestar Insurance Specialist. We are located near Amarillo, TX and serve it and the surrounding area by providing high-quality policies at reasonable prices.
Your business isn’t just your own livelihood but likely the livelihood of others. Due to this, it is critical to take care of it and to protect the business. Any number of issues may arise, many of which you cannot forecast. That is why it is important for you to invest in commercial insurance. If you have a business in or around the Amarillo, TX area, we have a Lonestar Insurance specialist who can work with you and your needs.
Protect Your Equipment With Commercial Property Insurance
Commercial property insurance isn’t just for when you own the property. It is also essential for when you rent it. Chances are you have valuable equipment on hand. From screen presses for your t-shirt business to injection molding hardware for your manufacturing company you put a considerable amount of money into the production assets of your business. Commercial property insurance can protect you from theft.
Worker’s Compensation Insurance
If you have others working for you, it is important to invest in worker’s compensation insurance. If anyone is injured while working for you, this insurance covers their medical bills and pays for their time away from work. Failure to have this kind of coverage may leave your business susceptible to potential lawsuits from your employee. Much like other forms of commercial insurance, worker’s compensation is designed to not only help your employee remain on their feet but to protect your business and your financial assets in times of crisis.
No matter the industry of your business, the size or how long you have remained in operation, we have a Lonestar Insurance specialist who can work with you in finding the right kind of coverage. So when operating around the greater Amarillo, TX area, our team is here for you.
Your home is a valuable asset, and you need to treat it as such. Find a homeowners insurance coverage option that offers you sufficient protection. Lone Star Insurance Specialist can help you with this by working with you to get the right insurance for your Amarillo, TX home. Homeowner’s insurance can be confusing when going through the claim process. Our insurance agents can help guide you through the process of making a claim.
When to Claim Your Homeowners Insurance
If the Structures of Your Home Are Damaged
You can claim your dwelling coverage if the building structures of your home, including floors, walls, built-in appliances, and ceilings, are damaged because of insured risks such as fires or vandalism. The policy will compensate you for the costs of repairing or rebuilding your home depending on the extent of damage and your policy limits.
If You Lose Your Property
Your home insurance contents coverage protects your personal belongings that are in your home. They may include furniture, electronics, and clothing. If a covered risk destroys them, you can make a claim. You will receive compensation for the value of replacing or repairing the items. You may get the actual cash value of your property which is the buying cost minus depreciation value, or the replacement cost depending on your policy.
In Case Of Liability Claims
You make a claim on your homeowner’s insurance if you are held liable for an injury or property loss of third parties. The policy helps to pay for the third party’s medical expenses, funeral service, prosthetic devices, ambulance, and the cost of replacing or repairing their property. If they sue you, the policy helps to pay for the legal charges.
Contact Lone Star Insurance Specialist in Amarillo, TX to discuss a new homeowners insurance quote and to have your questions answered.
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