That $21,000 USD value would equal about 28,600 CDN $. I would suggest that is more than enough insurance for any M38A1 CDN2 unless it is very minty and very loaded with accessories like winch, radios and GPMG.
I have to disagree with Terry's equation of :
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Lots of supply = lower prices. In our situation, limited supply = lower interest.
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. Generally CMPs are a dog to resell, and you will have a hard time recouping your investment, but the iconic military jeep of any vintage is an easy sell here in Canada. There are plenty of people with more time than money who want such a toy.