Road Atlanta - I would agree, decent summer tires, ideally half worn already, and some high performance brake pads would be best because of the elevation changes. Stock brake pads won't last a full 30 minutes and brand new all season tires will get destroyed.
Before taking any vehicle to the track, the suspension should be in excellent shape, i.e. no worn bushings/ball joints/shocks. If you have more than 60-70k and haven't replaced any suspension parts yet, you most likely need to before the track. You're also going to put huge stress on your cooling system. You're at 8 years on your cooling system. Take a look at your hose fittings and hoses, if they are turning a brownish color (they should be black) they need to be replaced. Any of the smallest leaks need to be replaced. Making sure you don't get a coolant leak while on the track is less about your car overheating than it is for the safety of the other cars because coolant is pretty much the most slippery thing ever.
Like Skyline says, most insurance companies don't cover track incidents. But some do as long as it is not a TIMED event. Check your plan. Here is a good thread on General Insurance policy info, not necessarily any specific info on track coverage although I think it is discussed a little. Also the companies are regional to the NW, but the knowledge should apply everywhere. The Great Insurance Policy Review Thread
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Olympic Peninsula, WA, USA
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2005 Mini Cooper 100k, British Racing Green/Silver-Black
04/2002 4.6is 140k, Silver/Black-Alcantara *FOR SALE*
1989 325iX 270k, Diamond Black/Black
1984 318i 370k *SOLD* (First Bimmer)
Honorable Mentions: '71 2002, '87 325, '90 325ic, '92 525it, '93 325i, '94 530i
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