Builders/Renovation Insurance -- "Financial Interest" definition

[Elizabeth Goff]

I was renovating an investment property in the Boston-Edison area of Detroit that unfortunately caught on fire.  Sad. It was now without a roof and with lots water damage from the fire department's great efforts to put it out.  My insurance company has still not determined if it will be a "total loss" but it is looking that way.

For any insurance experts out here, or others that have been through this, what do they include in "financial interest" in the property (as they will not pay out more than that").  My policy says it is defined as "the purchase price, less land value, plus the amount of money you have invested to improve the property.  I know it includes all hard renovation costs paid to contractors etc, but does it also include other operating costs such as prop taxes, insurance, utilities, security, etc?