[jhv48]

I still don't get it. Why are our kit cars valued any differently than the rest of our cars?

If you buy a $150,000 Porsche Turbo and subsequently total it, your insurance company will only reimburse you for the value of the car at the time of the accident, not the full retail price that you paid to originally buy it. So why do we insist that they treat our replicas any differently? They're only worth what someone will pay for them, and for the vast majority of us, that amount is less than what we originally paid for them.

If my spf is wrecked, I expect my insurance company to reimburse me in an amount equal to the actual value of the car at the time of the accident. Not what I paid for it six years ago. Same as the other cars I own.
And My insurance company will reimburse me more than I paid for my car if I can show that my car is actually worth more than that.

What am I missing here? Declared value? Stated value? Our cars are still only worth what they're worth, and if you don't trust your insurance company to make a fair determination, then maybe you should change your insurance company!