To the OP original question...
Different companies will have different coverage options and exclusions. Unfortunately most people only shop the basic coverage and price. I have an agreed value policy with comprehensive coverage that covers both my Maxum and a Key West. They will pay for a covered loss (either total or partial) with no reduction for depreciation. Payment will be for the loss amount less any applicable deductible only.
My only advice is to actually read the policy to see if it meets your needs...
It sucks finding out after a loss occurs that you aren’t fully covered.
WRT to a claim for an expense like a set of props, I would have just paid the extra 200 out of pocket given that I have the disappearing deductible on my policy, so I would have been paid the full amount, but lost the 0 deductible if I had a really large claim in the future.
Personal choice....
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