It kinda depends. For instance, Many insurers offer something akin to 'Valuable Property Insurance' (At least that's what mine is called) and for personal use

It kinda depends. For instance, Many insurers offer something akin to 'Valuable Property Insurance' (At least that's what mine is called) and for personal use it covers drop/breaks as well as theft. You typically need proof of ownership; my insurer lets me upload that, so I usually make a point to upload a copy of the invoice/receipt as well as the camera/lens and closeup of the serial number (even better if the invoice has the S/N present!). That's more important for high dollar items typically. -HOWEVER- That's for personal use. A while back I actually hit a coverage threshold where my insurer sent me a letter basically saying "Hey, just so you know, you are not covered for business use". (I don't use for business, I just figured it was a cheaper hobby than a boat) Edited to add: FWIW the VPP policy is separate from a homeowners policy, however insurers may or may not (depending on state law etc) be able to use a claim on a different policy to impact rates/etc.