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You have done a great job of presenting the concerns of Great American, Steve. All insurance companies are looking at what they consider "high risk" exposures and trying to limit these. I make my living insuring companies that transport gasoline, diesel fuel and propane fuel. There are very few, if any insurance companies willing to consider insuring this type of risk any longer. The insurance market will change, but it will take time.
It may be more expensive to insure Cobra replicas in the future.
Consider higher deductibles or check with the carrier that insures your personal vehicles. I have my coverage with one company and they are willing to insure my classic cars because we have three personal, low risk vehicles on the policy. The most important thing is to keep your driving record clean. More than one accident or ticket will make your renewal and acceptability very undesireable.
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