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4)Most valets are honest, unless you go to some really seady places. The decent places are insured if you can prove something was taken, but you should probably have personal property insurance on stuff like computers and cameras and such that you'd be prone to leave in that compartment anyway.
With apologies in advance for being a bit off-topic, I must tell of a common scam in Mexico (where I lived for a while): You drive to a restaurant where parking is hard to find. You see a big sign: "Valet Parking" (in Spanish, of course) and a man dressed in an impressive-looking uniform. You give him your car keys and he gives you a professional-looking claim ticket. You never see your car again.
 
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