I had a small emergency I had to go take care of, figured that the game would disconnect itself like it always threatens to do and I was safe in my house so I ran up to take care of the issue. Bout an hour later, I'm finally able to come back, not only did I not get logged out, but I was standing next to my respawn point. Went to walk back in the house, and I'm overloaded.
Turns out, I apparently had died and if I were to guess... I died multiple times so that my armor, tools and guns were all damaged, some completely broken to the point that I lost some of my Weight Carrying bonuses and was not over weight and crawling over to my storage boxes. Including that I hadn't been farming Tier 1 Essence, I didn't even have any basic tools, like axes or picks, to try and repair my equipment.
Last note, I was fully fed and rested, in my home, doors closed and no enemies nearby. No reason for me to die other than I didn't get disconnected from game like it always threatens.