This is a third party insurance company that insures baggage for any traveler on any flight around the world. Since the airline only covers up to x amount of money for lost luggage and the contents is usually worth more than that this suplemental insurance will cover the addition amount.
The insured pays a fee based on the amount the baggage and its contents is said to be worth. The fee is paid up front and if the luggage is lost by the airline the total amount is reimbursed to the insured.
Notes:
Fees for coverage will reflect the airlines total amount of lost luggage vs the industry standard.
Claims can only be collected with proper documentation form the airline.
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