Young fashionista Mary-Kate Olsen’s wardrobe is worth $2 million so she felt like insuring her goodies. Her clothes and accessories is now protected from theft and natural disasters such as earthquake or a fire. One of her pals told Star Magazine that Kate owns items fort $25.000 each and a vintage Chanel that she paid $40,000 for. Well, J.Lo insured her lovely backside, so why not insure a expensive wardrobe. But what about sister Ashley? Doesn’t she own expensive designer stuff that she want protected?