Will the insurance company replace my iPhone 5 with the same make and model?

Okay so recently my iPhone 5 got stolen, I have insurance on it and I got the claims form through the post. After reading some terms, I noticed it said something along the lines of 'if we do not have the exact type in, we will send something similar' which invoked a few nerves. What do they mean by 'similar', if they don't have the iPhone 5 will I get a different type of iPhone, or a completely different make?

I LOVED my iPhone 5, and I also realised they don't make them anymore! I'm not expecting an upgrade, I just want the exact same one back, but do they have a right to give me a downgrade like the 3g or 4 because I don't like them phones and I got the 5 insured? Will I get the iPhone 5?

You'll likely get a refurbished iPhone 5.

If you are lucky you might even get a 5S. Some company help you out when stuff like that happens, try to me you feel better lol. Sucks but happens to all of us. My buddy lost his S3 and got a S4 as a replacement from the store at no cost.

If you want a free 5S check this out. New companies are always giving away stuff
http://www.claimcast.ca/

They'll replace it with a refurb as close to the one you have as possible. Whatever they have on the shelf.