Lost Luggage Insurance—If your baggage is delayed for 12 hours or more, some cards will give you up to $300 to buy essential items such as toothpaste, a change of clothes, etc. If the luggage was lost by theft or misdirection by the carrier, you may be eligible to receive reimbursement for your checked luggage, carryon luggage, and their contents for the difference between the “value of the amount claimed” and the airline/train/ship payment (up to $3,000 per trip). If you are going on an extended trip or are taking expensive items, it may be a good idea to book the trip with the card that offers the best insurance for lost luggage.
Be prepared to wait for your reimbursement because the airline has to process your claim first. You must provide
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receipts, and terms and conditions apply. This reimbursement is supplemental to and in excess of any valid and collectible insurance and/or possible reimbursement from any other source.