The policy covers whatever is on the receipt you gave them a copy of when you got the policy. When I lost a Mavic 3 they covered the cost of the whole Fly More package even though I only lost the drone, battery, and SD card.
If you add other...
Loss, theft, or damage. The policy for the drones specifies recreational use. I do have a Pt. 107 and my drones are registered as Pt. 107 but I do not engage in commercial work.
Curious - I have over $15,000 worth of camera gear and drones on my State Farm personal articles policy. My camera gear has been covered for over 15 years now. When I did lose a drone they covered the entire amount I paid for the Mavic 3 Fly More...