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Insurance is valid on public roads, therefore not applicatble on a private track.
Im with Highway through HIC and am insured for track days as part of my cover.
You can get seperate track day insurance but this is often very expensive and the view of most people is that it isnt need unless...
I always flash or try to make some acknoledgement to other valver/williams drivers.
Unfortunately, most seem to be oblivious or just ignore it round my way.
Only ever seen/spoke to one other valver owner who I didnt know before in two and a half years lol!
Chips away are like any franchise, could be really bad (like some Ive seen) or very good.
Best bet is to find a good local bodyshop and ask to see some of their work.