If you had 23.5 Bitcoins (which was worth $144,017), you would spend $10,000 on home insurance, but it would be better to be private, as your friends and community should not know about your Bitcoin wealth.
How private can you be though? I mean in real life not online. As someone who speaks about bitcoin to friends and family people will definitely know you hold bitcoin.
Let me take myself for example, people who are not close to me have no idea about what I do and how I earn my money, but people close to me know what I do and they know I am involved in bitcoin one way or the other because they come to me whenever they have a question about bitcoin, So they know that I hold bitcoin, they may not have any idea about the amount, but they know I hold bitcoin, how do I protect myself against them if they get any crazy ideas?
I get it that you need to stay private from stranger and online and try not to flaunt your wealth that much, especially those of us in bitcoin, but there are only so much we can be private when it comes to friends and relative