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That's a *terrible* letter to have out there if someone gets into an accident.
It does all the exact things you are trying to avoid.
Just some examples:
"We don’t invite motorcycles, Corvettes, Mustangs or street-racers."
So someone is making a conscious decision as to who will and won't be invited.
"Drivers who would like to be considered as a “guest” (if they’re not a Porsche/BMW or Lotus owner). Getting onto our list depends on you and your car. Drivers who create risks or problems won’t be invited back."
Great. So now you are offering to screen out problem or risky drivers! Taking responsibility for that. So if someone drives in a risky or problematic manner and causes an accident, it's probably because you were negligent in your self-imposed duty to screen them out.
"To get you started please send a current picture of your ride, a description of your car’s set-up and your contact information (phone/email). THese cautions and selective restrictions are offered for everyone’s protection and preference to choose who they drive with."
Now you are assuming a duty to use reasonable judgment in selectively restricting who is going to be there, and you are explicitly doing so for everyone's protection. You are explicitly offering to take steps to protect everyone. Therefore if someone gets hurt, there is going to be an argument that you failed in your duty to protect.
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