I have Hagarty and what you guys want to do is ask if the policy is "stated" or "agreed" value. In Jeff's case I bet they call it "stated value" Which if it were a brand new car would be the sticker or purchase price. Payout on that new vehicle is depreciated as time goes by. The payout on a totaled "classic" would be an avg of the first few like year camaros they verify sale price on. That 50K copo might have a replacement value od 10-20K with stated value. Here's the links to the Team Camaro threads...
http://www.camaros.net/forum/Forum2/HTML/002911.html
http://www.camaros.net/forum/Forum2/HTML/002926.html
...Dennis