Throw exception or let code fail

I am wondering if there are any pros and cons against this style:

private void LoadMaterial(string name)
{
    if (_Materials.ContainsKey(name))
    {
        throw new ArgumentException("The material named " + name + " has already been loaded.");
    }

    _Materials.Add(
        name,
        Resources.Load(string.Format("Materials/{0}", name)) as Material
    );
}

That method should, for each name, be run only once. _Materials.Add() will throw an exception if it will be called multiple times for the same name. Is my guard, as a result, completely redundant, or there are some less obvious benefits?

That's C#, Unity, if anyone is interested.