Lost luggage refers to any bag, suitcase, or other form of luggage misplaced by an airline or other transportation company during a trip. Sometimes, due to human error, theft, or other causes, luggage may be damaged, misplaced, or lost and never make it back to the original owner.
Luggage may be lost if it is accidentally placed on the wrong airplane, if it doesn't make it to the connecting flight, gets stolen, and so on. Besides the hassle, this results in financial losses for the traveler. Travel insurance plans offer lost luggage coverage and reimburse policyholders for lost, delayed luggage, or damaged luggage, depending on the policy. Specific baggage insurance is available as well. Lastly, some credit cards even include baggage insurance as one of their perks.
Share this Term
Stay informed with Insuranceopedia!
The world of insurance can be complicated. Subscribe to the Insuranceopedia newsletter and stay in the know! Access expert content, industry term definitions and answers to your questions from knowledgeable insurance insiders. Arm yourself with what you need to know to keep your assets and your family safe.
Latest Articles
