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.

The Optional Damage Protection varies by car type

Radical SR1,  Radical SR1, Ligier F4, and Porsche Cayman

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 $3500 plus coinsurance of 25% for any damages above the $3500 to
maximum of $10,000.  Above $10,000, the participant is not liable.
   So maximum participant cost is $5125.  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 $5000 crash deposit held on your credit card before you can drive at the event.   

Lamborghini Gallardo, and Formula Atlantic

If optional damage protection is elected and $700 is paid by Participant is an agreement by Owner that Participant’s maximum out of pocket responsibility for Vehicle and Track Damage would be $7000 plus coinsurance of 25% for any damages above the $7000 to $20,000.  Above $20,000, the participant is not liable.  So maximum participate cost would be $10,250.  The insurance policy requires a $10,000 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.