Your home owners insurance should indeed cover it.. And I can't imagine many things that would be more fun than taking your check down to the " MEGA what ever outdoor shop" and filling a cart with 600-700 bucks of tackle. Then you get to go home and sort it all out and arrange it all perfect etc etc etc.. I guess one of the down sides is the fact that you probably lost some items that can't be replaced?? This has happened to me before, but out of my boat in the driveway.