OK!
Got some news on insurance.
Event insurance for Drag racing for two days with approximately 70 total people (over both days) would be about $500 total.
That is basically $1,000,000.00 in liability coverage if we, the event promoters, are found negligent. Also the property owners can sign on to our policy so they would be covered as well.
In a nut shell, here's how it works. If we are found negligent... Say we "Green Light" a race while there is a car on the track and we cause an accident, then the policy would cover us up to $1,000,000.00
Now if someone loses control and puts the car into a tree or into a ditch. That is their fault and they'd have to cover the losses.
So, the good news is we can provide reasonable protection to the property owner and ourselves.
Next is to get permission to continue to use that airfield. I Think SickSS is running that down.
I have an application for insurance in my email. So whenever we are ready We can do it.
One step closer.
