One of my mates whom I am going cycling with to Corsica has just returned from a holiday to find his garage had been broken into and all his bikes have been stolen. He's absolutely devastated. He had a fairly inexpensive fixie but his pride and joy titanium, van Nicholas frame, self build bike has gone. He's absolutely gutted.
What's more is that his contents insurance only covers up to £1k per bike. His self build was worth at least £2.5K.
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Not what you want when you return home.
I checked when I upgraded the bike with our contents insurance & it cost me an extra £3.55 a year to cover the bike up to a value of £3,000
Well worth it for piece of mind.