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Even then, there's still probably a point where you've 'bought the bikes again' with insurance payments.
I'm more attached to my bikes for sentimental reasons as well, so if they're gone, buying a new bike with insurance money isn't going to replace what I've lost.
I also have no garage. OMG my whole garage is gone!
The amount it costs to insure these things, at what point are you better off without insurance and just paying for a new bike?