What is baggage cover?
Baggage cover insures you in the event that any of your baggage is lost, stolen or damaged.
While baggage cover is usually included in standard travel insurance, not all policies are alike. You need to make sure that you understand all the policy terms and conditions, as well as making sure that the level of cover is satisfactory for your needs.
If it isn’t, find a better policy or contact your insurance provider to improve the level of cover included.
Insurance providers usually impose a cap on the amount that they will pay out if your baggage is lost, stolen or damaged. This is typically between £1,500 and £2,000 but does vary.
While that might sound like more than enough to cover your bags and what’s in them, be careful of any “single-item limits”. A single-item limit, as the name suggests, is the maximum that an insurance provider will pay towards any single item. So, if you have a £500 camera in your bag or your favourite golf clubs for that golfing trip you've looked forward to and the bag goes missing, you might find yourself out of pocket if the limit is set at an amount lower than this.
If you’re going to be carrying expensive items in your baggage, it is probably worth giving your insurance provider a call to upgrade your policy.
Most travel policies have exclusions when it comes to dealing with your baggage cover. For example, if you leave your bags unattended, you may find your cover is invalidated should something happen to them.
If your bags are stolen, make sure you report it to the police as soon as you’re aware. Some policies have exclusions if a theft is not reported within a certain time limit. You will need a crime reference number to make a claim.
The excess on an insurance policy is the amount that you’ll have to pay per claim for each insured person before the insurance provider will contribute to the cost of your claim. On baggage cover this is usually between £50 and £70, but, as we keep warning, it does vary.
There is often a tradeoff to be had between the cost of the insurance cover and the amount of the excess. Often, the greater the excess, the lower the cost of cover may be.
Because of this, be wary of simply buying the cheapest cover - the excess might be more than your bag is actually worth!