With F/TF values where they are it would cost an insurer nearly as much to interrogate an ECU as the cars value. They would just pay up if the damage did not involve personal injury.
It's not the cars value that might determine an investigation but other consequences. One of my sons had it explained to him after writing off two cars within five months of his seventeenth birthday. His insurance company was facing a claim after a car a car hit and killed a man on a push bike. Assuming the man might be married and had children they immediately set aside ten million pounds for a liability claim. Within a few days they discovered the young man was not married and had no children to support and the ten million was reduced to one million. Over the next few weeks various witnesses confirmed that the young man had been drinking in a local pub, blood tests obtained showed that he was well over the legal limit and other witnesses gave evidence that he was cycling all over the road, within weeks the claim had gone from ten million to zero. However this was twenty three years ago and those amounts would have increased substantially. It's not about the value of your car it's the cost of a third party settlement.
The answer is to shop around for insurance, we were considering having my wife's car remapped and went onto the various comparison websites and some of them actually have an ability to list all of the modifications and get a quote, in the end we gave up due to the power increase being too high to fit the criteria. Not long afterwards I was in a small garage that caters for a lot of young lads with modified MX%'s having the TF's hub bearings pushed out, one of these young lads was in there and I asked about insurance for them. His reply was very simple find a broker that deals with young drivers and modified cars, very often a car that has had modified brakes, wheels, a remap and a spoiler etc can be accepted as a kit car. His insurance was less than mine (less than £200) for a heavily modified MX5
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