If you're travelling in the US with gear somewhat frequently, you could always call your homeowners insurance agent and look into personal articles policies. I did that with most of my travel rods and I think it was something like 60 bucks a year. No deductible if lost and hey....even UPS loses stuff.
If you're not remote at least you can get a replacement quickly and salvage the trip.
-Paul
PS. Never had any problems shipping rods/reels/flies in suitcases non-carryon in country or not, but I could just be lucky.
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