Yeah, they were red flagged (stopped) for a while. There was a major incident, involving a GT40 and Lotus something or other. It was millions of dollars worth of cars, but they'll live to fight another day. The owners and drivers know what they're getting into when they agree to participate. It's all good...
Some will be insured against total loss, quite likely. They're otherwise relatively easy to put back together again. Note the word 'relatively'.
Do companies offer race insurance against wrecks while doing these events?
Quite likely. You can buy race car insurance, so I assume these are covered to some extent. They're likely insured against total loss. If it's repairable, they don't have a claim. If it's completely lost, they'll get some agreed upon value for the car.
Quite likely...
I'm not positive. I am speculating based on what I know of the industry.
The owners would probably rebuild it and race it again over taking a total loss anyways.
I have not seen any crashes yet, lots of guys spinning out
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