[Jtsummers]

Other than contact lenses/glasses, I'm hard pressed to think of anything in my one bag setup that I couldn't replace easily should my bag be stolen or lost. Electronics (phone, usually the only thing I travel with), documents, and cash notwithstanding. Those would likely be on my person at all times so for them to be stolen would mean I'd have bigger problems than replacing my clothes and backpack (like having been mugged).

The only reason my setup is worth more than $200 (maybe $300) total is because of my glasses and contact lenses.