first as to homeowners insurance......

whats your deductible? if its 5500 bucks you will still be out 500 bucks, and making a claim on your insurane may cost you big time in higher rates. plus the price of big screen tvs have dropped a lot, from costs 3 years ago..

your replacement tv might not cost much more than the deductible.

personally i like the look and less power consumed by LED tvs.

go to say wall mart and some other stores and draw your own conclusions.