Is it worth taking out travel baggage insurance?

Travel insurance premiums can seem cheap, but then you notice that your quote has no provision for travel baggage insurance. Is it worth paying the extra to add it on?

The short answer is that it depends on what you put in your baggage. Most of us are in the habit of putting cameras, phones and valuables into our hand luggage, If our hold baggage goes missing we have only lost clothes. Of course if your clothes include expensive designer suits or dresses, them it might be worth adding on that extra premium for full cover.

Mostly losing your baggage is a temporary inconvenience. Around 85% of lost bags are found and returned to passengers within 48 hours, but some have disappeared forever.

The important decision is assessing the difference between the compensation an airline will pay for lost baggage, and the sums a travel insurance policy will provide.

For delayed baggage of less than 21 days some airlines will offer immediate one-off payments of between £50 and £75 to cover emergency purchases. Some pay a set amount per day up to a maximum number of days.

If your bags have not been found after 21 days, the maximum an airline will offer is around £800. By contrast an average travel insurer pays around £200 for bags that have been missing for 48 hours. When baggage is regarded as permanently lost, most policies will pay between £1,500 and £2,000.

Look at comparison sites like www.moneysupermarket.com and advice sites like www.travelinsuranceguide.org.uk to get the details of what your travel baggage insurance policies will cover, and the amounts of excess charges that providers include in their policies.





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