Say somebody stole my late grandmother's wedding ring, now in monetary value it's probably worth about £10, but it has sentimental value to me.
Upsetting - but not as devastating as a death.
So essentially you have no empathy for the other innocent victims of crime - the families of the perpetrators - especially children and babies.
As for insurance - it's not expensive. If you can afford a TV you can afford to insure it.