Wow that really puts it in to perspective, I would guess that makes it totally intangible to not have insurance!
When I go out with just the camera and only one of my lenses, depending on the lens a 'single loss' represents 30 – 67 years of the premium I currently pay to have all my gear covered.
7DII+Grip, 7D+Grip, 40D+Grip, 5D+Grip, EF 24-105 f4L EF-S 17-85, EF-S 10-22, EF 70-200 f2.8 L IS II, EF 2x III, Σ150-500, Σ17-70 f2.8-4 C, EF 50mm f1.8, 550EX, Triopo TR-985, Godox FC-16, Filters Remotes Macro tubes Tripod heads etc!
5D, 20D, 24-105, BG-E4, BG-E2N, 17-85, Nifty 50 pre owned. 😀