It depends mainly on how you use the gear and on the wording of your policy.

From the answers here:

• If you use your equipment professionally or earn money with it, homeowners/renters insurance may not cover it. In that case, ask a broker about dedicated professional photography insurance.
• If you’re a hobbyist, homeowners or renters coverage may be enough, but this varies by policy, so confirm the details with your insurer or broker.
• Professional policies can cover things like theft, fire, water damage, and accidental drops. Some pros also carry event/business-liability style coverage for failure during paid jobs.

A good universal step, regardless of insurance, is to keep a record of all serial numbers and equipment details in an accessible place. That makes claims and police reports much easier if something is lost or stolen.

Best next step: contact your insurer or an insurance broker, explain whether your gear is personal or income-producing, and ask specifically what is and isn’t covered.