Unless he's got an appraisal showing that value and is actually paying insurance on that value (Neither seem likely), insurance is going to be all like "Yeah, we found a bunch of 1999's for between $3500 and $5000, so here's a cheque for $4250, have a nice day!".
Engine mods and paint job by "doggy" must add $40,000 in value somehow. I know engine work is expensive and I've no idea how much what he says has been done would actually cost, but without blueprints for all we know it was slapped together by a bunch of hacks.
But....all I see everytime I look at the photos is "why is the paint worn through to the primer on the sides?"
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And who TF is "doggy"? When I search Google for "Doggy custom paint" and "Doggy custom airbrushing" all I get results for is a lot of crappy dog artwork.
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This is all too funny. Definitely a top knotch submission for the thread lol