This one kid down here has all his recepts, and has all the money into the car noted and signed, and the insurance people know that he has it, so if his car got snatched, he would get everything back in dollars....and when you have over $25K into a $3000 car...if he wrecks, gets hit, ar the car yanked...then he get $25K...and that will go for a down payment on his Porche that he wants....just an FYI.
I still only have my cars listed at book value...but once the claims adjuster came and looked at my Z for the time the soccermom hit it..I got more than enough money to cover the damage...I bought the car for $1400...I get hit, and I got $1500 back from the other person claims adjuster...just because I went and had the damage appraised at a restoration shop for old classic cars, and they quated $3800 in damage, and the Kelly Blue Book Value was only $4000, so I was just bearly able to scrape by on their adjustment because I said I would do the labor, and they saw a smaller dollar amount that was reasonable, so they cut the check.
But if you spend lots of money into an engine....get all receipts and be smart, and pay the extra insurance to get full coverage, and the small amount for haveing that swap done and installed with all the labor fee's, and just report everything...if something happens, and you feel you can just say Fawk it...and lose all that hard earned money to the wind...then don't claim it.
B...you should claim it...if anything...do it for security reasons. Since the cars rebuild post has over 1,334,456,235 veiws...someone out there might be wanting to just take it to NJ for a stripping party....and they prolly know by now that you don't care to much since the 240sx window bashing post....and your address is pretty easy to find...due to your post on your resume a while back...at least change the url for your old job resume...it had your address IIRC...