The baggage "insurance" you've probably never heard about

Airlines are required by U.S. regulations to compensate travelers for up to $3,300 in the event that checked bags are lost or damaged. But that's only for domestic travel. For most international flights, bag liability is limited to approximately $9.07 per pound for checked bags, which is virtually nothing (a 30 lb. bag gets you $270 in coverage; note that some international airlines follow a different convention. British Airways, for example, limits bag claims to approx. $1700). For some people