It's one of several things that could happen (fire, flood, burglary, other natural disasters depending on where you live etc., lots of ways to lose all data at

It's one of several things that could happen (fire, flood, burglary, other natural disasters depending on where you live etc., lots of ways to lose all data at a location). But yes, I mean it literally. Insurance may pay to replace your house. But a portfolio of a few years of work, the text of your half-finished novel, photographs of your children growing up, the final e-mails you exchanged with your uncle who died of cancer? No insurance money will ever replace those.