How many of you avid track day/racers ride your bikes the same on a public road? None, I guarantee it.I for one do not. Do you take the experience and skill to the open road....absolutely.
Anyone pushing on the street treating it like their personal track is asking for for a whole bunch of hurt. What's learnt on the track/track day school/ class is great. Absolute focus on track, bike, yourself and other riders, safe run off, is awesome. Let's add say, cars, changing road conditions, unexpected objects in your path. Your track day skill set prepare you for that?
Whats needed here is good judgement, without that riding on the street regardless of skill level is for naught.
I've been doing track days for years. Street and track - the same bike. I even rode the bike to the track for a few years before I got the house and purchased a trailer. As fallenarch mentioned, I see no point of having a separate bike for the track. I love and enjoy aggressive riding, and don't care about lap times. I love my bike and that's what I want to ride. I personally find that the right balance between street riding and a few track days per season as circumstances allow works for me. As much as I appreciate track days and there are many good things about them so I won't repeat that, there is untold truth about them.
1. Every track day is a commitment, expense, time and effort. I could expand on that but will leave it short for now.
2. There is a greater chance of making a mistake, although rider's attitude helps to partially alleviate this issue.
3. There is a real chance to be taken out by someone else. In that respect, track organization you ride with makes a big difference and may partially alleviate this issue.
4. Not the right mood, bad weather, tired, hot, etc. - you still have to ride, otherwise all effort is wasted.
Most tracks don't have straightaways long enough to reach even 170, let alone more, and even if you do reach anything close to that it's only for a second or two before you have to shut it down and brake hard. In other words, road course is not a place to enjoy and appreciate top speeds - not designed for that.
I feel it's important to be honest with yourself and without illusions, and make a conscious decision and live with it. Having said that, and understanding all of this I crave for track days, and when unable to do them for a while just go a bit crazy.
Side point: I had been using EBC HH pads in the past, and one day a coach at the track recommended Vesrah pads. I did try and never used EBC HH since that time. An amazing feel and feedback, and braking power is the same or better than EBC HH. It was with these pads that I had the confidence to get the rear wiggling while braking hard - not consistently, but a few times.
Regarding insurance, I would check with the company first. Also, consider this: would you rather have a claim on record and possibility of your premiums going higher and paying that for a long time, or just pay a few hundred upfront to fix the bike?