Fordan
Contributor
tedtim:This would require that each passenger provide a detailed list of contents for each bag. Sorry, but as much as I would not trust the airlines, I also see a huge hole for abuse here. Can anyone say insurance scam. "Gee, I just bought that Nikon D2X camera and those five super fine lenses."
How is this different from auto/homeowners insurance and theft/loss? If you're bringing something that would be unusual/valuable, you document it, such as with a picture of it in your luggage before you leave. Still open for abuse? Sure. But no more than other such insurance.
Even if you need written documentation for the exceptional stuff, that still isn't horribly onerous, assuming they're not looking for serial # and the like.