Well...I lived in California for many years and one day I received a phone call from Liveline Canada saying that someone I love (living in Canada) had activated the unfamous emergency button and nobody could reach that person. I can tell you I was feeling very bad, not knowing what had hapened I thought the worse.
Ended up being a false alarm! piew..that was scary. If it's only material good, I am not so in panic
I would be upset but that's about it.
I am thinking of buying insurance though because I have about 2000$ in coral or more! that goes quickly.