I would hardly consider the 100L, 70-300L, 17-40L etc as "mid-range", but most definitely (especially since I make my living with my gear) We have a commercial policy through allstate which protects up to $5000 i believe on any one claim, so assuming I dont lose my entire kit in a fire, which then likely my homeowners would kick in there or the like, then i'm good. The 5d3 is my single biggest item, price wise, so i'm comfortable with that.