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Based upon my current rider premium that is attached to my main home owner's policy and based upon the current value of my firearm collection, I will essentially be spending the value of my collection in about 50 years of the rider premium. This is for the replacement value option.
Regardless of policy rider, the burden of proof for the initial purchase, and any gunsmith service and upgrades rest with the insured. It is usually recommended that receipts, photos, etc. be kept in a separate storage location. I am personally not aware of any appraisels being necessary to insure most firearms.(collectibles, I suppose may fall into a different category altogether based upon their value)
As others here have already posted, it's a personal decision that each owner has to make. The advice that I can give is that it pays to shop around for insurance and to really read all of the fine print-(especially the Loss clauses)
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