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George:
My wife has worked for a large national insurance company for many years (home office, not an agency) involved in policy processing, so she is the perfect person to direct this to.
What she says is it's fairly universal for information to be sketchy for a gray market car, as a matter of fact this particular company discourages insuring gray market to avoid problems later on (if it gets totalled, for example) and recommends specialty collector car insurance companies (there are many ads in Hemmings Motor News for companies like this).
However, gray market or not, after the vehicle is 20+ years old, you are correct, the insurance limit (valuation) can be based on an independent appraisal and an agreement on the actual value can be done. Your insurance company may be able to recommend an appraiser.
Gilly
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