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. 
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All renters must buy crash damage insurance.  For experience participants ,it is optional.

Crash Damage Protection Policy varies 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.