can we go back to the original question as this is rather simple
$200,000 of personal property was lost in a fire. The insurance company paid $100,000 under the claim
whether or not the money is used to replace the destroyed items there are no tax consequences as long as what you paid for the personal property that was lost originally cost you at least $100,000. . It is a reimbursement from insurance and is not taxable.
The $100,000 that was NOT paid by the insurance company is not deductible as it's a personal loss which are no longer tax deductible
again, nothing about this situation will impact your tax filing
