All my insurance covers the replacement costs. When the Home Owners Association would not listen to my warnings that there was a blockage in the common drain line, the kitchen sink overflowed and stained the carpet. Rather than bother with cleaning the stains, the insurance replaced the ten year old carpet with new carpet.
May cameras are insured under that policy with a separate rider. If my cameras get stole or damaged, the insurance pay the replacement cost of the cameras.
This insurance only cost a little more than the usual insurance.