I have all my stuff insured thru Churchill, car and house, and the camera stuff is tacked onto the house insurance.
I've never had a problem claiming anything off the car insurance ( 1 passenger door window from a smash and grab, one windscreen ( developed a crack inexplicably) and one minor ding with a lamp post that I don't discuss.
My camera is insured under 'personal possessions' and I have cover up to £2000 per item. Includes 60 days abroad. I asked, so if I have a camera worth £1000 and a couple of lenses each worth £1000 and a flash worth £300, and it all gets stolen, is it all covered? Answer was yes. But to be honest if my collection increases, I will probably need to get more specialist insurance.
At least you got your payout eventually. I wouldn't wait too long to get gear though. If you are always waiting on the next model, you'll wait forever. I'd go 5D and glass to match your interests. FWIW.