Jeez, that sucks.
On the bright side though, that's why you have home insurance... it'll be rough for a while, but a new kitchen + new bathrooms will do wonders for the value of your unit. What's your deductible on this?
As someone who knows someone who's gone through this before, see what they'll give you as a replacement value on the laminate, and if it's only a small jump in price to put in hardwood, do that. You're already committed to replacing the flooring, now is your opportunity to add tons of resale value to your place at a fraction of the value.
If the insurance company give you $2.50/sq.ft to replace the laminate, you can get hardwood installed for about $3/sq.ft if you shop around, and you'll more than make up the difference on resale value when you decide to sell the place. If you can afford the $0.50 per sq.ft difference out of pocket, it's a good investment, assuming of course you don't have another catastrophic leak.
... Unless you don't own the place? In that case, disregard all advice about putting any money into the unit.
I own the place.
And yeah, I'm already thinking about doing some of that...
For example - going to replace all my sinks, since the water where I am is so hard it eats up everything. Going to replace both toilets at the same time since I'll have a plumber in anyway. The kitchen will get a slight redesign to include an over the range microwave and roughing in for a dishwasher.
I'm debating what I want to do about floors though because
1) concrete underneath - therefore cold.
2) I have pets, and they like to have traction *somewhere* in the house... and the whippet especially likes soft areas to lie down. But I understand that resale-wise, hardwood is the way to go.
3) I think I need to research some floor heating, maybe to use to heat the rooms in general since I have baseboard heating anyway and having a larger surface area might improve efficiency to where I feel comfortable (plus I think floor systems have a thermostat control).
I think the biggest downside to putting the money in is that I'll put in these upgrades... and then still have to live here for another 5 years before I'm in the right spot to resell, won't be able to quite capitalize on the new upgrades to upgrade into a house with a yard yet.
Also wondering whether it'd be worthwhile to talk to the bank about a home reno loan if I'm going to be doing this much work... could probably upgrade a few other things like newer baseboards too while I have an electrician already doing other work.