scubafanatic
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Some update on the situation.
Canjet finally responded to confirm it was "lost". They don't cover electronics so the UWatec hoseless computer and transmitter is not covered. They also applied "depreciation" and said they'll issue a cheque to cover some amounts.
Amex said they don't cover sports equipment. That leaves my house insurance. Well there is a $500 deductable, and not only will I lose the 15% claimfree discount, my premium will go up. So it's sounding like it's not worth it trying to claim the rest through house insurance.
So yes, I can be laughed for checking those gears in luggage, but at least I had learned an expensive lesson. For the amount of vacation diving I do, and the cost of checking in luggage or weight of carrying them, it's becoming less and less practical to buy and bring own dive gears to trips. Renting gears is looking like the better option.
You may well be right about the logic of renting going forward. I always carry my regs/computers/lights on carry-on, those things are the most theft prone because they are small/portable and look quite expensive, so attractive to thieves. I always have a nagging worry about my checked luggage getting lost/stolen, moreover most of my scuba gear is VERY customized/expensive and cannot be replaced at ANY price (meaning I would personally have to rebuild everything) so it's not just a money issue, but a huge amount of time/effort/labor to replace things on my part. I'm too picky about my gear to really want to rent anything, but I can see how that would make sense for some people. About replacing gear I would suggest shopping E-Bay/Scubaboard for good used gear at a fraction of the price of new gear so at least you don't have the financial pain of losing brand new gear if you ever lose gear again.