There are the 2 big guys, hagerty and grundy. They insure lots and lots of classics. You tell them how much your car is worth, and they insure it for that amount, no questions.
There are other policies where you even though you pay for a specified amount of value/coverage, it is still up to the adjusters to determine what your vehicle is worth, regardless of what you have it insured for...except for the fact that they will never pay out more than your named value. Obviously, these are less desirable. Some companies won't/don't insure classics.
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