It is not a debate - donate or don't - your call...I bet you would like us as a community to help you if this happened to your car. I know I would. I donated to a fellow car enthusiast as we are like minded individuals with lots of blood, sweat, tears and funds in our cars. I have an agreed value policy on my car because I know it is the only way I will get what I have out of mine if something like this happened...and I bet I would still not be fully compensated for all I have in it. As a community, this is a cool thing to do.
There are plenty of places accepting money for Tornado victims and Sandy victims alike.
Cars and women are both going to give you problems...but you can pay somebody else to fix your car!