Insurance? Don't buy it. Just look after your equipment. Don't leave it lying around unattended, lock it up in your car and just check that your car insurance will cover you. Keep all receipts for equipment you buy in case of a claim.
Its ironic that recently I found out my bank account actually has an included extra that covers me for sporting goods loss & phisical injury.... hey ho. means I'm covered at least twice. (Looks skywards)
Me too Cernunnos. My private account may carry an annual fee, but it gives free travel insurance for two, plus cover for loss of personal property inluding sporting goods etc. We only have to go on holiday twice a year to fully recover our fee.