In another thread, David Spragg gave the following history on a chip:

$2000 (high because it was the first one known)
$500
$250
$150
$100
$100
$90
$80
$70
$68
$66
$64
$62
$20 (because the auction ended at 4am on a holiday and people missed it)
$60
$58
$56
$55
$54
$53

Let's say you paid $2000, or even $500 or $250. You insured at your cost. What do you get paid? I would say $55