I read through my policy's exclusions and they don't cover anything that has to do with a race track, so maybe it's different from one insurer to another...
I could call them and ask but...
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2002 Boxster S - NHP 200 Cell Headers,test pipes,Borla CatBack,Competition Plenum,74 mm TB, EVOMS Tune,Tarett UDP,Eibach Swaybars,BIlstein PSS9s,TuneRS rear toe links,wheel studs,15 mm wheel spacers on all 4,EBC yellow stuff pads,Sebro rotors, EBS oil baffles,160 deg Thermostat,2 quart Accusump,full filtration remote oil filter,rad fan switch,custom gauge/switch plate, Race Capture data logging, 90K miles
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