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Lockton's website says they provide no liability coverage. So I think if it's your "fault" and the other guy pursues you for the $$$ damages to his/her car, Lockton won't help you with that.
I have NO idea what liability laws have to say about track accidents. You'll sign a waiver that purports to get the track and the event sponsor off the hook, but I don't know what driver-driver civil litigation would be like.
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