I don't have insurance on my uke, but I do have insurance on my bassoon. It is totally worth it, especially if you own an expensive instrument. If my horn was somehow damaged or stolen, I would either have to take out a loan to replace it or just save my money for a few years. The insurance is pretty inexpensive, mine is about $10 a month, and this depends on the value of your instrument. We also have insurance out on my husband's saxophone and I think his is pretty cheap, like $4 a month or something. Definitely worth it if you own a valuable instrument.