Baggage Insurance
What Does Baggage Insurance Mean?
Baggage insurance is a type of travel insurance that offers financial protection against lost, damaged, or stolen checked-in or carry-on baggage. The insurer agrees to reimburse or pay up to the maximum amount specified in the policy to the owner of luggage or personal effects that are lost, damaged, or stolen during the course of travel.
Insuranceopedia Explains Baggage Insurance
Baggage insurance provides extra protection for travelers whose baggage and personal effects may be lost, stolen, or damaged while traveling. It offers reimbursement for replacement costs up to the amount specified in the policy and may also cover expenses related to delayed baggage delivery. Essentially, it offers a solution for travelers who have had to wait weeks for airline companies to settle their claims, especially since most airlines impose strict limits on their liability.
