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.


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

Radical SR1,  Radical SR3, Ligier F4, Porsche Cayman, and Spec Mazda Miata

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.  Above $6000, the participant is not liable.  The insurance policy requires a $3500 damage deposit to be charged on participant's credit card before driving.    

If you decline the insurance option, you will be responsible for all damages to the car and track. We must have a $7500 crash deposit held on your credit card before you can drive at the event.   

Lamborghini Gallardo, Formula Atlantic, and IndyLights

If optional damage protection is elected and $750 is paid by Participant is an agreement by Owner that Participant’s maximum out of pocket responsibility for Vehicle and Track Damage would be $15,000 deductible.  Above $15,000 participant is not liable.  The insurance policy requires a $7,500 damage deposit to be charged on participant's credit card before driving.     

If you decline the insurance option, you will be responsible for all damages to the car and track. We must have a $20,000 crash deposit held on your credit card or with a cashiers check before you can drive at the event.