Don't be naive, no neighborhood is immune to a break-in. The neighborhood I live in is not known for break-ins, but that still doesn't mean it can't happen. And yes, all my gear is also covered by homeowners insurance. But, that doesn't help me as much when many of my guitars are customized to my specs, not off-the-rack production models that are easily replaced. I'd have to put new orders in, be on a waiting list (for higher prices), and then might not turn out as well as my originals I once owned. I very much like the ones I have now, so just under $1K is a small price to pay to me to help prevent them from walking off. Besides, I've got over $10K in there just for the few guitars I have....and I plan for that number to grow. It's just extra peace of mind, that's all. And, don't forget that the safe will always have some resale value down the road....should I ever feel the need to sale it. So, I might lose $300-$400 in the end on the whole deal....big whoop.
I knew it!