Hey that almost sounds like the company that got me for about three thousand dollars, before they went under, they were called CMC then, BUYER BEWARE. I think they are back in bussiness again under a new name, I have heard people have finished those cars but it took some time. As for insurance check into Midwest classic Insurance
http://www.midwestclassicins.com/ they seem to be good people, who enjoy cars.
Mike