Hi Doug - Most insurance companies do not cover vehicles driven on a racetrack and therefore you must look elsewhere for insurance. It's my understanding that most of these driving programs require additional insurance to participate.
In regards to your other question, if the state requires insurance for the vehicle to be registered, then the insurance of the title-holder would likely be covering you. Insurance companies generally cover the vehicle provided that the holder of the insurance "authorizes" you to drive the vehicle. The fact that they gave you the keys to drive it should serve as authorization, and since you're on a public road, I don't believe you'd bear any personal financial liability. Now if they make you sign a waiver, all bets are off!
