Plane Crash Survivors: What About the Baggage? Scott Reeves Jan 16, 2009 12:00 pm |
![]() |
![]() |
|
||||||||||||
|
True enough - and that’s great tabloid journalism. You can bet we’ll get sob stories of pets lost in the cargo hold in a few days.
In the meantime, what about the baggage?
The lucky passengers probably didn’t give their bags a thought as they thawed out after their dip in the icy Hudson. But as those borrowed clothes start to get a little sticky (and someone starts to fret about his dentures), passengers are likely to turn their attention to things left in the overhead compartments or stored in the baggage hold.
The National Transportation Safety Board will investigate the cause of the crash; the baggage is the least of its concerns. US Airways won’t be able to get its mitts on the baggage during the investigation and will probably end up writing checks to the passengers.
It’s all spelled out in the small print no one reads.
For starters, passengers need to file a written request within 45 days to get reimbursed for lost luggage. The maximum payout is about $3,300 per passenger for provable losses.
Some entrepreneur is likely to claim lost camera equipment, valuable business documents stored on a laptop, rare manuscripts, a Stradivarius or 2, a mink coat, gold bullion, sterling silver, pre-Columbian art, negotiable bonds, jewelry and prescription medicine.
Tough luck - they won’t receive an extra nickel, because such items aren’t covered.
But passengers who booked their seat using a credit card may receive coverage; those purchasing travel insurance in addition to the airline’s standard contract will be covered for provable losses.
US Airways Pilot Chesley B. “Sully” Sullenberger III, a former Air Force fighter pilot, showed guts and incredible skill in getting the plane down safely after the engines failed. Here’s hoping the airline’s customer service department doesn’t flub the small stuff.
|
|||||||
|
|||||||
|
|||||||
|
|||||||
|
|||||||
discuss this article and more on the mv exchange |
|
No positions in stocks mentioned.
Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options. Click here for a free 14 day trial to OptionSmith by Steve Smith.
Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options. Click here for a free 14 day trial to OptionSmith by Steve Smith.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2009 Minyanville Media, Inc. All Rights Reserved.
Copyright 2009 Minyanville Media, Inc. All Rights Reserved.
| add rss feed | free article alerts |
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DC
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennesee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Local Guides
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DC
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennesee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Local Guides


















