I dont see where actual cost of parts to labor is relevant to insurance cost/value on an agreed value policy. My experience with Grundy is, I told the amount I wanted, sent them the required pics of the car and they agreed. Had no bearing on the cost of the parts that were installed. I am sure if I was out of line they would have said so, and if I were in the next higher bracket they may have sent an adjuster to check in person.
As far as reimbursement for work done being paid by the insurance co. I can understand.
In my case with the fire, I had a lot of car parts stored in my 'commercial building'. My personal insurance had no problem with replacement even though all of the parts were used (nos) paid by cash with no receipt. On the other hand neither company covered the car that was lost, because it was.. well... a car! They both stated that my automobile policy should cover it (of which I didnt have because it was under construction). They cover parts and personal property but not a vehicle.
SO, if you store your car in the winter without full coverage, and again, heaven forbid there is a fire to the building and the car is lost, or even if a shelf falls over and puts a nice dent in the paint (I have heard similar stories) you may end up S.O.L.
As far as reimbursement for work done being paid by the insurance co. I can understand.
In my case with the fire, I had a lot of car parts stored in my 'commercial building'. My personal insurance had no problem with replacement even though all of the parts were used (nos) paid by cash with no receipt. On the other hand neither company covered the car that was lost, because it was.. well... a car! They both stated that my automobile policy should cover it (of which I didnt have because it was under construction). They cover parts and personal property but not a vehicle.
SO, if you store your car in the winter without full coverage, and again, heaven forbid there is a fire to the building and the car is lost, or even if a shelf falls over and puts a nice dent in the paint (I have heard similar stories) you may end up S.O.L.
Then you would be out of luck.