Prior to all Formula Experiences programs and racecar rentals, participants will be required to sign personal risk & liability waivers, indemnifying Formula Experiences and VIR of any injury, loss or damages to their person incurred during the event.

Formula Experiences offers a full range of high performance race cars.  As in all forms of motor sports, crash damage responsibility is
sometimes a reality. 
Al
All renters must buy crash damage insurance.  For experience participants ,it is optional.

Crash Damage Protection Policy (see below; coverage differs by by car type)

Radical SR1, Radical SR3, Ligier F4, Porsche Cayman, BMW M235i, VW GTI, Camaro SS, BMW Spec E30

If optional damage protection is elected and $350 is paid by Participant is an agreement by Owner that Participant’s maximum out of pocket responsibility for Vehicle and Track Damage would be $6000 deductible.   The insurance policy requires a damage deposit to be charged prior to driving of $3500.    

If you decline the insurance option, you will be responsible for all damages to the car and track. We must have a $6000 crash deposit held on your credit card before you can drive at the event.   

Camaro ZL1

Crash damage protection is required and $500 is paid by Participant is an agreement by Owner that Participant’s maximum out of pocket responsibility for Vehicle and Track Damage would be $7500 deductible.  Above $7500 participant is not liable.  The insurance policy requires a $7500 damage deposit to be charged on participant's credit card before driving.   

Corvette C8/Radical SR8

Crash damage protection is required and is $750 paid by Participant is an agreement by Owner that Participant’s maximum out of pocket responsibility for Vehicle and Track Damage would be $10,000 deductible.  Above $10,000 participant is not liable.  The insurance policy requires a $10,000 damage deposit to be charged on participant's credit card before driving.   

Subaru BRZ

Crash damage protection is required and is $450 paid by Participant is an agreement by Owner that Participant’s maximum out of pocket responsibility for Vehicle and Track Damage would be $7500 deductible.  Above $7500 participant is not liable.  The insurance policy requires a $7500 damage deposit to be charged on participant's credit card before driving.     

NIssan 370Z

Crash damage protection is required and is $650 paid by Participant is an agreement by Owner that Participant’s maximum out of pocket responsibility for Vehicle and Track Damage would be $9000 deductible.  Above $9000 participant is not liable.  The insurance policy requires a $9,000 damage deposit to be charged on participant's credit card before driving.