Well the insurance company finally called...

Yes market value. Seven years ago I had my Cub Cadet stolen...

Lol, so you "had it stolen"? You told someone to steal it?

I "had my mountain bike stolen" years ago. Turned it in to my insurance company (homeowners) and they asked me what was it worth. I said I didn't know, I bought it used at a pawn shop. They told me to go to a bike shop that sells that same brand / model and get the retail price of it. After they subtracted my deductible, they wrote me a check for $600.00. I only paid $150 for the bike.