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All As part of the Montreal Convention signed by 54
countries including the European Union and the United States which
came into effect recently,
people who travel either abroad or at home are entitled to claim up to £850
compensation from airlines that lose their luggage. This limit replaces
the previous amount set by the 1929 Warsaw Convention that stated airlines
had to pay travellers £14 per kilogram of lost luggage. In effect
the new agreement will mean airlines have to pay three times more than
previously because the baggage allowance for economy passengers is usually
20kg depending on the airline concerned. It is worth noting, however
that airlines that do not belong to one of the 54 countries and fly passengers
from the European Union for example to one of the countries not signed
up are not covered by this agreement.
Provided the personal baggage cover option has been
incorporated into your travel insurance policy, it is likely the monetary
limits set
are going to higher than the £850 laid down by the Montreal
Convention, even allowing for the possible claim excesses if these
are applicable.
However, it is worth noting that many travel insurance policies are
not new for old and deductions are often made for deprecation and wear
and tear. Some home insurance policies however, provide cover for possessions
outside or away from the home and the level of insurance cover offered
maybe new for old, therefore, it is always worth checking to see whether
you are covered for lost baggage under your home insurance policy before
deciding whether to incorporate personal baggage cover into your travel
insurance policy.
There will probably be single article limits applicable especially for
valuables applied to either home or travel insurance policies, therefore,
if you travel abroad and are wearing expensive jewellery, for example,
ensure you have adequate cover by checking with your insurance company.
Remember the above details are a general guide and you must consult
your insurance company regarding terms and conditions.
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