Medicare and lost equipment

Medicare paid for my 722 two years ago and my insurance company paid for my cgm kit. I was asked today if I was protected if I lost either piece of equipment while traveling. It was suggested to me that I add the pump and cgm to my homeowner’s insurance policy. If I am not covered for replacement by medicare or the insurance company, it will cost about $7,000 to buy replacements. Has anyone else considered this problem or lost any of their equipment. If so, what happened?