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Supposedly, here, if you have receipts for all the work(or parts) you've done, they will reimburse you more. Considerably more, if you've put a lot in to it.
Hadn't thought about it, but I suppose that's one good thing about this insurance company having a monopoly...everything else about it sucks, hard. If it was a bunch of independent companies, I doubt they'd give you more than the book value, whatever you've done.
We can also claim the value of the vehicle to be...whatever. Like if I did a total restoration on something, I could claim it's worth $20k, rather than a few thousand. I'd simply end up paying more for the insured value.
Don't know how any of this helps you; just giving my perspective.
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