This video features Misha Charoudin discussing the costs associated with car crashes at the Nürburgring. He explains the financial implications for drivers, covering damages to track infrastructure, other vehicles, and the role of insurance. He also touches upon the experiences of rental car companies and their risk management strategies.
Crash Costs at the Nürburgring: Damages from crashes at the Nürburgring can be substantial, ranging from minor barrier damage (€1500-€25000) to significantly higher costs depending on the extent of damage, involving other vehicles, and legal repercussions. British insurers often exclude Nürburgring coverage, while German insurers mostly still cover incidents during public sessions.
Liability for Damages: Drivers are responsible for the cost of damage caused by their accidents. This includes damage to barriers, other vehicles, and public property (bus stops, etc.). Insurance usually covers some damages, but insurers may pursue legal action against drivers who breach terms and conditions. One example was given involving a multi-million euro court case.
Rental Car Costs: Rental car companies at the Nürburgring often bear a significant portion (around 50%) of the risk, with customers responsible for a substantial amount if damage occurs to the rental car. The deductible can vary widely depending on the vehicle's value, ranging from a few thousand euros for a small car to tens of thousands for a high-performance vehicle.
High-Risk Environment: The Nürburgring's high-risk nature is emphasized. The video highlights the understanding that accidents can occur, and drivers must accept these inherent risks despite potential financial implications.
