My thoughts on that are that a lot of people don't declare some losts or car crashes because they don't want their insurances fees to augment. The thing is, thats why you pay a certain amount for each year, to cover your stuff. I guess that insurance companies are making more (or the same amount of) money out of people who does not declare losts because they dont want to pay more the year after that they do by raising insurance cost after a declaration.

As for myself, I don't have any insurances. But after seeing that insurance companies could be covering my bikes I might get one. After all, there is more of my money worth lock in front of my appartment then there is inside of it and I guess that the money I'll spend covering my 1 room appartement will worth it just to cover my bikes.

I'm actually having nightmares about my bike getting stolen. Seriously. Weird stuff. Like somebody stole my bike and then I saw the guy on it so I fight the guy and take the bike back and notice that he has changed all the parts on it for some ****ty ones. And I always wake up all sweaty. It happens to me every time I work on my bike before going to bed.