The Supercar Registry Bulletin Board: insurance on project cars??

I purchased my 68 Camaro L78 ordered from the factoy motion alterd 427 black on black m22 488s . Canadian docs
purchased it in bushels from a friend ,along with 2 pick up trucks full of NOS parts and used orig parts. After getting it home I called My insurance they told me to get an apraisal of the car in its current state, with all of its parts..
I did he came over took pics of the parts and car and then apraised it at about 40,ooo. dollars as is. The insurance company then insured the car. Mind you when it was in the shop getting painted and then I was worried because if they would of stolen it from the paint shop
my insurance would only reinburse me the 40,000. and I had
a hell of a lot more in the resto.I guess the paint shop
would of been liable but I would of lost this great Canadian
drag racing champ.