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It is my understanding that if you have the right to sue you cannot be compelled to give up that right. Even if that type of language is in a contract that you sign it is often unenforceable, but it will stop some folks, so it is worth a try.
This is not unlike the wavers everyone signs when entering a track event. The fact that you were informed that the activities are risky does not shield the operator totally. If they are negligent they can be held responsible even if you promised not to sue.
If you want to, just send them a letter saying you do not accept their terms and keep a copy with proof you mailed it. Then wait to see if they react or close your account.
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