Then I'd buy replacements for all the things they keep, then send them the invoice. I've been wanting a new laptop for a while.

All your stuff will mysteriously burn in a fire. Since you have next to no list of what you actually gave them, the value of each object, the proof of payment etc, you will essentially get 5% of the actual value of what you lost after month of waiting for the insurance to act.

But hey, you bought a new laptop - and you have the insurance money to pay for it.

Most people cannot afford to just go out and replace everything they own.