I know of one aircraft brought for around $80,000 insured for I think $150,000 or $170,000. It crashed and was paid out full amount.
Another insured for around $200,000 was written off and offer was made to replace it with another aircraft. That offer was rejected by the owner and was fully paid out - but the owner was then responsible for the salvage.
Another brought for $170,000 insured for $200,000 and paid out full $200,000.
It would appear there is some salvage value to this aircraft.