Relatives of mine recently had their big, beautiful house broken into and had lots of valuable items stolen. The thieves even found the safe in the bedroom closet and managed to unbolt it from the floor and haul it out (gold coins inside and all). It turns out that of an estimated $85K in losses, their insurance paid out a grand total of $200 because, get this, they couldn't provide photos of the items that were stolen.
I was listening and sympathizing and found myself thinking that I am grateful that we don't really possess anything of value. We have a couple of laptops which, if stolen, would really suck due to the information on them, and a television which anyone can have since I watch it so infrequently. I do have musical instruments which I like quite a bit and are insured which I would simply replace if stolen. I have even found myself thinking that if my engagement ring were stolen (fully insured with its own separate policy) I may take the payout and not even replace it. Now that I think of it, our three-year old car is the most valuable possession we own. If it got stolen and for some unforseen reason insurance did not replace it, we could go out and replace it in the amount of time it takes to move some money around. Yes, it would be irritating, but it wouldn't matter too much in the big picture.
Yes, I'd love a nicely decorated house and I always wish I dressed better, but it is nice to see the downside to owning nice things (aside from their cost).