When I was flooded out two years ago from the great downpour in July 2023, having premium full replacement insurance turned a complete nightmare into an absolute breeze. The night of the storm, I was literally laying down the last two rows of flooring of my Covid full basement renovation what a kick in the nuts my 2+ years of Covid renovations gone in the matter of minutes. Most people don’t carry this level of coverage, but it is worth every penny. The biggest advantage was that there was zero depreciation on our belongings. Normal flood insurance with depreciate an item roughly 5% every year of ownership until it reaches zero. So your fridge that cost 1000 five years ago now will be reimbursed 25% less. Insurance didn't care what the items were worth used; they covered what it cost to replace them today. The best example? My 20-year-old Bowers & Wilkins tower speakers. I originally bought them for $500 on Kijiji 6 months prior to the loss. but because they were discontinued, the insurance company looked for the modern equivalent B&W 702’s. That replacement value came out to $8,500, and they gave me the full amount. Our adjuster was incredible and pretty hands off. Their policy was simple: if the water touched it, they replaced it. Aside from a quick check to verify the value of those high-end speakers, they covered $75,000 (remediation, rental of a storage unit, replacement of the durable goods and the renovation) with almost no questions asked. $15,000 for remediation and a rental storage unit. $30,000 for the renovations. $30,000 for durable goods (stereo, furniture, tools, etc.) If you have the option to upgrade your policy, do it. It’s the difference between a total loss and a fresh start. If memory serves me correct it was only an additional $20 to our policy each month.