I thought photoguard covered new for old so cost should be irrelevant as all camera gear always goes up
really matethey take a while to get back to you but always answered the phone in half a dozen rings (well that much time as you get a machine after it goes through) and the girls on the phone were massively sweet even remembering my name
but I did bother them a bit
But there a considerable difference in cost between a 80-200L and a 50mm f1.4 so I'd guess they'd not go thru the same process (where the more expensive item may require a loss adjuster to get involved, etc).