I'm gonna.
I betcha it'll be a possession as apposed to a vehicle until it gets registered with the state. I bet they'd cover it as something like a stereo or computer or something...
You might also lose something on it's value by not ensuring it as a car... As a bunch of parts, you may get a few hundred dollars for it's loss... reimbursement of what you have in it rather than replacement cost.
If it were running, what would it be worth?
Homeowner's insurance covers a lot of things... but they may begin to exclude it the closer it becomes to being a car.