I always wondered what would happen if my 97 cclb F350 4x4 7.3/5spd was totalled. With 325k on it, it bluebooks for like $4500 but you can't hardly replace it for $10k.
My buddies dad had a tree fall on his truck that was nearly identical but 200k and they gave him $13.5k without him having to argue. He was also able to buy it back for like $300
If you have coverage for the incident, you can argue market value.