Luggage: What if the airline loses or damages my luggage?
If your luggage is lost or damaged the airlines are always obliged to compensate you in some way. This is most often a very complicated issue and airlines are not always very large when it comes to compensation. KILROY always recommend you buy a Luggage Insurance as it will not only cover better than the airlines do, but the procedure, the willingness to reimburse and on the spot assistance is far better.
Use this link to read more about the official EU Air Passenger Rights.