What I spend for my personal needs comes out of income I've earned.
I would beg to differ on the insurance replacement value and 'worth'. If you are going to pay that higher preimum for replacement value go for it. But we see time and time again here where someone has picked up an busload of fabric from quilter's estate sales for pennies on the dollar. Once it is in our homes a stash is worth nothing to anyone but ourselves regardless of how much we've spent on it. Like knitters yarn stash. Embroiders thread stash. etc.