Insurance fees: _HRA, please explain!

[Beth Denysenko]

Thanks Julie - I found this too, specific to National events. Note the bolded part . . . can you say LOOPHOLE?

link: http://www.nhra.com/nateventinsurance.aspx

National Event Liability Insurance Information
The following is a brief summary of the National Event Commercial General Liability insurance coverage provided by NHRA to racers and their crews and racing vehicle owners and sponsors, as additional insureds on NHRA's policy:

$30,000,000 per occurrence for Bodily Injury claims.
$30,000,000 per occurrence for Property Damage claims, except for Property Damage to racing vehicles located in a restricted area.
$50,000 per occurrence for Property Damage Liability claims to racing vehicles of others located in a restricted area, subject to a $5,000 deductible.
Because all insurance policies contain limitations and exclusions that may eliminate or reduce coverage, you should note that, among other exclusions, no coverage is provided for:
Claims made against racers, their crew or racing vehicle owners arising out of a racing vehicle owner's, racer's or crew member's ownership, maintenance, use or entrustment to others of any ATV, golf cart or motorized two wheel vehicle.
Certain pollution claims.
Intentionally caused injuries or damages.
Any claims unrelated to NHRA's operations, premises or locations owned or rented by NHRA.
Also, in the event of a serious claim, the limit of insurance on the policy may be shared by many other people, such as other racers, crewmembers, NHRA, sponsors, landowners and others. This could cause your coverage to be significantly reduced or even eliminated.

This Commercial General Liability insurance coverage is afforded to you in the event a liability claim is made against you. It does not cover you for your own bodily injuries or property damage. Because of the exclusions and limitations, and depending on your particular circumstances, you may want to consider purchasing your own Commercial General Liability policy, as some racers and sponsors already have.

If you have any questions about coverage or would like to purchase your own policy, please, contact Cheryn Schreiber at Wells Fargo Motorsports, (713) 507-4738, or e-mail her at cheryn_schreiber@wellsfargois.com . You may also contact Wells Fargo Motorsports online at http://motorsports.wellsfargo.com.