Jesus, everything's a heated debate!. Recap:
*Guy buys car
*Guy chucks a bigger engine in
*Guy insures car based on original engine capacity
*In the event of a smack Guy is not insured, anyone he hits however, is
*No harm done
Personally I would declare it. But only because I would be expecting a payout if it got nicked. And that's the only reason (if it was worth say <£1000 I wouldn't bother registering the swap).
*Guy buys car
*Guy chucks a bigger engine in
*Guy insures car based on original engine capacity
*In the event of a smack Guy is not insured, anyone he hits however, is
*No harm done
Personally I would declare it. But only because I would be expecting a payout if it got nicked. And that's the only reason (if it was worth say <£1000 I wouldn't bother registering the swap).