Richard, I agree with John that your case is pretty clear since you did pay for insurance.

What I'm now wondering is how others decide when to self-insure. My guess is that for a ten dollar strike that sells pretty close to face, most collectors wouldn't pay the extra $1.30 for insurance unless the seller has a lot of negative feedback (in which case I probably just wouldn't bid). But there is a value at which insurance starts to make sense, even though the probability of losing something in the mail is low.

At what price do you all start to buy insurance? $25? $50? more?