Insurance for MANCAVE BIKES

Not quite the same, but I restored an 86 SeaRay boat from the hull up and Progressive insured it for a stated value many times higher than NADA Guide value with no receipts or even pictures. Of course the cost of the insurance policy was higher also.

I have our dirt bikes covered for fire and theft as a rider on my auto policy. It costs $13 a year for each bike.

There are a number of speciality insurance companies that offer stated or agreed upon value for insurance. Try progressive as they will do it on vans and RV's, and Hagerty insurance does it for classic cars and may include bikes too.

Yes, but if you have a loss they are going to depreciate your bike and use book values to determine what to pay out. This is not helpful for restored bikes that are decades old. They might pay $500 for a bike that could be worth 10K or more.

You're looking for an "agreed value". I've used Hagerty for some vintage street bikes. They may request pictures of the bike for an appraiser to evaluate if the condition stated is accurate and your value is realistic. Keep in mind that the higher insured value you want, the higher your premiums will be.

Another thing to consider is that a standard policy coverage is based on KBB or other market value guides, These are adjusted regularly. An agreed value does not change with the market. The vintage market has been hot the last couple of years and prices are appreciating. I have one bike that has tripled in value from when I started the policy 10 years ago. You'll need to watch the market and periodically adjust the value with the Insurance company. Of course you can expect a higher premium with each value increase.

Documenting your bike with pictures and receipts is a good idea even with standard coverage. There can be a significant difference in value between good condition and excellent. You're going to have to prove your bike was the later if you want the excellent condition settlement.

Yes, you will get rejected for values if you go to any "normal" insurance company. Your CR has a book value of $1,070 and the BBR is essentially a DR-Z 125. Believe it or not, the value is only slightly lower than the CR - around $900. (You didn't mention the year.)
This is a perfect example of "market vs. personal" worth. Any one of us on this forum would agree personally that your bikes are worth far more than what's in the book (even a stock one would be, to be fair,) but the insurance companies don't care about our personal feelings or your ground-up resto. They care about statistics. Statistically, your bike is a roach and it isn't worth the bad gas dripping out of the overflow tubes.

As stated above, your best bet is a specialty insurance company who will go on stated value and charge you accordingly. I understand Lloyd's of London does that.

Pictures and receipts will be required if a claim is ever needed. The more value of bike, the more the policy will be. The insurance agents have no clue what a A kit or modded motor is worth and you will get a kbb clain if your stuff isnt documented.

OP, no help on the insurance thing but please post pics of the restored CR. Love that bike.

Foremost Insurance Co.