How does Travel Insurance Help in Case of Baggage Loss?
Overseas travel is always an overwhelming experience. You travel for hours for a fabulous vacation. But, the moment you step out from the plane, an awful realization hits your jetlagged mind that your baggage has been lost. You’re standing at the baggage carousel for what seems like forever when the steady flow of bags onto the conveyor belt slows to a trickle, then stops. Your bags are nowhere in sight. Who’s responsible for your delayed or lost luggage?
All your excitement can be summed up in frustration. So, as a traveler what would you do when your checked-in baggage is lost?. First of all, you do not need to panic if you have travel insurance. Here is how travel insurance will help you to come out of this catastrophe.
Protection by Travel Insurance
When you lose your checked in-baggage your travel insurance plan comes for your rescue. If your baggage is misplaced permanently, in that case, you will get reimbursements according to the policy limits. This includes the value of the lost baggage with the belongings inside the baggage. Apart from this, travel insurance also covers temporary loss of luggage. Under this cover, you will get the reimbursements up to the policy limits against the purchases that you have made until you receive your luggage back.
What is the Claim Settlement Procedure?
Insurance companies always mention their terms and conditions in the policy. So, it’s advisable to read them thoroughly and then proceed for claim settlement. Below are the few steps that you can follow to get the reimbursement in case of loss of baggage during traveling:
Check the Status:
If you didn’t receive your baggage at the time of check-in, contact the airline support team to confirm the status of your baggage. Once it is confirmed that your baggage has been lost you have to submit a few documents to the insurance company to get the claim under your travel insurance.
You have to fill an insurance claim form that you can obtain online along with the PIR report. It is a Property Irregularity Report that has a reference number. This number is helpful for airlines to trace your lost baggage. Other than this, a letter from airline accepting their liability for loss, NEFT form with the canceled cheque and copy of the passport and visa duly stamped have to be submitted by you to the insurance company.
Verification of the Documents
Once you submit the required documents, the insurance company will verify the details along and the documents. They also cross verify the details of your luggage with its status to proceed for the claim settlement. If they will find any discrepancy they have full right to reject your claim.
Claim Settlement within 30 Days:
Once your Insurance Service Provider has completed the verification you will get the claim within 30 days. If required Insurance Service Provider may ask you for KYC documents as per the relevant AML (Anti-Money Laundering) guidelines.
What includes in Loss of Checked-in Baggage Cover?
Most travel insurance companies offer the following coverage for loss of checked-in baggage:
Cost of Baggage - Travel insurance covers the cost of expensive travel bags that are lost during travel.
Compensation for Content - Insurance companies provides compensation for loss or damage to expensive items, clothing or jewelry.
Carry-on Bags - Insurance companies sometimes also cover the loss, theft or damage of the carry-on bags that are costly.
Delay in Checked-in Baggage - Travel insurance covers the losses that may arise due to delay in Checked-in Baggage.
Benefits of Loss of Checked-in Baggage Cover
You can avail the following benefits under a loss of checked-in baggage cover:
- Compensation against the loss of checked-in baggage
- Reimbursement against the expenses incurred due to delay in delivery of the baggage
- Delivery of your luggage at your hotel or to your home
- No financial worry to meet your emergency need or losses
- Other add-on covers like loss of passport, flight cancellation, and hijack distress allowance
What are the Exclusions of Checked-in Baggage Cover?
Below are certain cases where you can’t ask for claims from insurance companies:
- Loss or damage of fast-moving consumable goods
- Loss of items due to nuclear explosions and war
- Loss of the extra goods that are not covered under the policy
- The loss incurred due to breakage of items like glass, paintings, instruments, sculptures and more
So, your baggage can be lost en route or can be stolen. In such cases, your travel insurance plan comes in handy to help you to ease your worries. Religare travel insurance plans provide maximum coverage against the loss or delay of checked-in baggage. So, follow the above steps and get easily rid out of such airline goof-ups.