Does insurance for expensive Items in checked luggage exist?

8/20/2016 11:51:58 PM

Forget travel insurance or excess value for expensive items in luggage. Home contents insurance will cover items at a much lower cost. Many policies will allow you to declare a “high-value item” that is covered for pretty much anything, including lost in transit.

The cost is usually around 1% of the item’s value per annum, for example I have something worth £2500 that costs me about £25 extra a year, so if you plan on flying a few times it’s worth it. You also get the benefit that it’s covered for pretty much anything as mentioned before, so if your house burns down or you crash your car with it in the boot, it’s covered.

8/20/2016 10:06:14 PM

Just managed to do it yesterday with Delta. Could not find other airlines that offered it, at least not on the route I needed for this particular trip.

They have Excess Value insurance which can be bought at the check-in counter. There is a minimum coverage of $3500 USD. They enter the contents of the insured baggage in their system, along with its value and weight. It gets tagged with a special tag which says Excess Value Declared and is signed.
The cost for $4500 USD coverage came to $56 CDN, since we departed from Canada.

Almost nobody does this since there is insurance from the airline and credit cards offer coverage too. So, usually, that is sufficient, so this is very rarely used. The first person at the checkin counter did not know it was offered, neither did a second but a third said he had done it about 19 years ago! They had to call in tech support to know how to issue the insurance with their system.

6/30/2016 5:52:20 AM

Normally an airline is responsible for your luggage and bound for compensation if it is damaged/lost by them. This compensation varies from airline to airline and only they can give you a better idea.

Most people like to opt for a private travel insurance plan. Some airlines have partners which turn out to be convenient while some people resort to 3rd party insurance firms.

from what i understand your requirement will be fulfilled by a 3rd party insurance firm you can have a look at TravelGuard or GadgetTravelInsurance.

Credit:stackoverflow.com‘

About me

Hello,My name is Aparna Patel,I’m a Travel Blogger and Photographer who travel the world full-time with my hubby.I like to share my travel experience.

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