The type of policy that is best for those of us who are paid for our services is called an "Inland Marine" policy. I have one on all of my gear which is itemized. It covers loss, theft, damage no matter where you are or what you are doing. I believe the deductible is around $500, but it is extremely liberal and commerically oriented. For $250/yr I get around $15,000 in coverage. It sounds like a lot, but 3 years ago when I lost a fully loaded helmet... it made me rethink things. Oh yeah, and of course it's a deduction on your taxes.