Renters can receive a pay out based on the actual cash reimbursement option, which means it goes on the values of the item when it was destroyed. (rentersinsurance.net)
You have an actual cash reimbursement option that will pay out what the item is worth at the time it was damaged. (rentersinsurance.net)
If you prefer cash reimbursement, that's reason to consider purchasing direct from a travel insurance provider instead. (generalitravelinsurance.com)