How about a concept like this for Insured items...

Insurance cost = base cost of insured items^number of items insured

Some concept like this where the more items you have, the increasingly more the cost would be.

So if you have a full suit, jewlery, and weapon and sheild; that is ten items.

So as it is now, it is 300 gold per item when you die to a player, 600 to a Creature.

Scale it so it is:
300 One item
600 Two items
1200 Three items
2400 Four items
4800 Five items....

This way the items insured really starts to stack up, so I dont see it being used honestly, but just a concept that does become more then one per one unit more expensive.

Also, why should it cost more for a Creature to kill you then a player?

Actually I think if you check. UO gets 300 and the person gets 300. Otherwise UO gets 600.

Vepl

There is sooo much fun in the theif class.. open up for stealing of backpack items that are insured.. thats my opinion. Trammel is still there for people that wants to play safe..

I had a somwhat developed thief while I was playing, and the amount of folks that could be stolen from was LOWWWWW. I usually hung out at the moongates, just to play around and would sometimes gank a bandage, or potion... On occasion I would get lucky and snatch a weapon, but for the most part it was the typical GM stamped playermade kind.

I did however get a couple good thefts. One memorable was a +10 tailoring scroll in Skara Brae, and a couple other times I grabbed some undecoded treasure maps.