Being insured doesn't stop you losing out. You would have the excess to pay, plus increased premiums. Then you have to wait for the claim to be sorted. Perhaps the biggest thing is that you have to deal with the feeling that your home is no longer secure, and you cannot protect it and those inside it. Been there the first time I got burgalled, and I swore I wouldn't be so forgiving if it happened again. The second time I got robbed, the house was empty again, and in a way I am glad it was because I would have beat the hell out of those who robbed the house, or got a good hinding myself while trying. Also, not every has or can afford insurance, and I should imagine that quite a few people have been robbed and ended up not being able to replace what was stolen.