Perhaps I am missing it, but the overview indicates that the insurance would reimburse non-refundable trip payments. I don't see where it says the week would be replaced (meaning a replacement deposit or certificate). The insurance is provided by a third party (Allianz). They don't really have any ability to provide a replacement week, only to pay out up to the policy limits and actual costs incurred. One could argue here that maintenance fees are a non-refundable trip payment.
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I called up Travelex and asked about damages paid under their Marriott policy. For a covered loss under a Marriott policy, they will reimburse: i. Maintenance fee for the year of the policy (prorated to reflect the portion of the maintenance fee used) and ii. Airfare.
It is unclear to me what happen when you pay maintenance fee in one year and the loss is suffered in another year. So let's say that I pay insurance for the 2022 year and I book something in 2023. It is not clear to me whether the 2022 policy would cover maintenance fees paid in 2022 when the Covered Event occurs in 2023. I was told that if you buy a policy for 2022 and another policy in 2023, that would cover the maintenance fees paid in both 2022 and 2023 if the covered event occurs in 2023.