Munchkin,
When my badge disappeared last summer, I was able to claim it on my homeowner's policy. There was a $100.00 deductible, but with all my dangles and the guard it ended up costing like $345.00 so it was definitely worth having insured.
But I still wish I could have my old badge back
PS Thanks, everyone, for your input! I'm not sure if I'll leave my dangles as-is or take them to a jeweler and have them taken off and put on again.