Labubu owners are considering insuring their coveted plushies to protect toys from theft

The world has officially gone mad.Mad about a little monster plushie known as the Labubu. If you have a tween or teen child, chances are you’ve heard a lot about them already.

Or maybe you’re even housing a few already.The monster fuzzies, which were created by Hong Kong designer Kasing Lungare and often seen dangling off designer handbags of celebrities around the globe, are now so in demand that there has been a rise in thefts.A rise in thefts means people are now forced to consider insuring their precious little toys.Trust me, I also wish this were fake news!According to a new report from travel insurance company, PassportCard, one in three Millennials or Gen Zers have considered taking out travel insurance to protect their precious Labubu when travelling abroad.  But don’t go calling THEM crazy.

The trend of protection is on the rise, with many believing Labubus will be a huge target as people head over to Europe to enjoy the summer, which in fact makes those wanting to protect their plushies as the smart ones. “It might seem ridiculous to insure a toy, but it speaks volumes about how emotionally invested people are in what they pack,” PassportCard Australia chief Peter Klemt said.“When you consider some Labubus are now selling for nearly $652 (1,000 AUD) on resale sites, it makes sense why they want to protect them.”Labubu megafan fan, Olivia Bubalao, admitted she was one of those people who took out insurance during a recent three-week trip to Europe to protect her precious toy.“I’ve been hearing about many people having theirs stolen and so I did some research and, once I found an insurance package that included my Labubu in personal items of value, then it was a no-brainer,” the 24-year-old told the Daily Telegraph,Fellow collector, Rachael Clayton, also revealed that she did the same thing and took out a $98 (150 AUD) insurance package to protect her seven Labubus.  “If I lost one on a trip I’d feel sad, especially nowad...