if you carry your sleeping bag in a compression bag, even if it falls into a river, it is unlikely to get wet enough that it would seriously impair its loft ability and hence its insulating effect - even if an open down sleeping bag was submerged in water long enough to contain 1L of water, it would still provide reasonable insulation, and condensation in a tent would rarely get to more than 300mL so that is unlikely to be an issue as well
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