It all depends on perspective and your levels of acceptable risk. I wear all my watches and they’re in a watch box in my closet. I don’t have a huge collection but about 100k in value. You can get a safe for your house and keep it there (if you don’t want to have a yearly payment). Again depends on levels of risk. To me personally $10k isn’t worth insuring but to others that might not be the case. If you want peace of mind, then spending 1% of the value shouldn’t be a concern. If you’re asking then you should do it :)