I did not recommend not insuring your collection. It is better then nothing. I just believe that you'll have a hard time collecting on very expensive chips. On a collection of 100,000 chips, I could see a company paying $250,000 (at $2.50 a chip, a company would be hard pressed to deny its value). It is when you put in a claim for the loss of 2 chips and want $5000 that a company will want substantial support as to its value.