You betcha'
I have a policy that covers all my equipment at full, new, replacement value--not a depreciated value. It has a $100 deductable, per claim and covers all hazards, including some drunk dumping a pitcher of beer into the keyboards. I also carry liability insurance because the places I play require it. If you play for a living and do not have equipment and liability coverage, it's like playing Russian Roulette with a fully loaded gun.
Cheers,
Gary
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PSR-S950, TC Helicon Harmony-M, Digitech VR, Samson Q7, Sennheiser E855, Custom Console, and lots of other silly stuff!
K+E=W (Knowledge Plus Experience = Wisdom.)