[happilymarriedmom]

My husband checked on insurance in case someone broke in and stole his guns. The cost of the insurance was prohibitive to say the least. Much more than the guns were worth.

[atomic_dog]

It's the same thing with jewelry. In 2000 I bought my wife a pair of diamond earring for $10K. The insurance on them was roughly 1/10th of their value. I passed. The way I see it, I have already “saved” $15K by not insuring them and if someone stole them today and I had to replace them I'd come out “ahead” by $5K.