You spent more on travel insurance than what real insurance would cost. If you had renters (or auto insurance but that deductible is much higher) insurance you

You spent more on travel insurance than what real insurance would cost. If you had renters (or auto insurance but that deductible is much higher) insurance you would be able to file a claim to recover your stolen goods. As with any insurance policy, travel insurance is only as good as the words written on the paper (e.g. read it very carefully)