That's a good sentiment, and I actually got nervous when I saw that on the news, because I live close to Philadelphia and was expecting a couple of audio components that were being shipped UPS - luckily they hadn't gone out yet. If a product still exists and its current price is public knowledge I always insure for the value of the product new. It's not that expensive, and the alternative could be a lot more expensive in the unlikely event.
Why would you risk it?
Given what happened to the UPS Cargo plane that crash landed, caught on fire and had all of its cargo contents destroyed recently. I hope that you reconsider if any of you have things shipped not fully insured/declared (for customs) just to save a few bucks or to? I feel for those who had things on that plane and more so for those who did not have their contents fully insured.