Australians Insure Their Beloved Labubu Toys Amidst Theft Concerns

Australia is experiencing a unique trend: Australians are insuring their collectible Labubu toys. This follows reports of rising Labubu prices on reseller sites and an increase in theft concerns, especially for those traveling to Europe this summer. PassportCard, an insurance company, reports that one in three Gen Z and millennial travelers are insuring their Labubus. Rachel, an Australian traveling to Europe, told the Daily Telegraph she spent $150 insuring her seven Labubus. 'It's a bit crazy,' she admitted, 'but I love my Labubus, and I didn't want to risk losing them.' The video also highlights TikTok trends showing ways to protect Labubus from theft, including protective cases and locking carabiners. While there's no official data on Labubu theft, the rising popularity and anecdotal evidence suggest a need for these precautions. This trend demonstrates the unique emotional connection people have with their collectibles and the lengths they'll go to protect them.