Trolling a lake in Montana about 10 years ago that I have fished often over the years... snagged a monofilament line and pulled it up to reveal an old rod, reel, and jig. Later cleaned it up to reveal a Loomis GMX cork handled spinning rod as well as a Shimano Spirex reel.The cork was rotting on the rod... I called Loomis and they said to send it in with $50 and they would send me an identical new rod, no questions asked! The Spirex cleaned up nicely and works well to this day!

Somebody had a bad day! I have as well (had a backpack stolen from a cleaning station that had pop gear, dodgers, and 2 Zebco Cardinal reels!) I figure I am about "even" overall. I have yet to take that rod and reel back to that particular lake! Bad karma...

Usually I just snag underwater branches.