I do get insurance. It’ll depend on your country, but in the US, if it’s not a business, you don’t want the insurance that comes up with “camera insurance” searches - those are either a ripoff or focused on business insurance also. You want to contact a local insurance agent and ask about “inland marine” coverage. These tend to be pretty cheap - I have $11k of photography gear insured against theft / damage / loss for $150 a year with a $100 deductible. And I’ve seen some people get quotes for a bit LESS than that.
So, if your camera was like $300 then don’t insure it. But if you’ve got thousands into it, unless you also bank those thousands for replacement, the insurance cost is quite low for this as a hobby if you do the inland marine coverage.