Originally Posted by
Yellowjj
I do wonder however. What happens when they lose luggage but the items are purchases from years ago. I mean nobody keeps receipts for everything they ever bought indefinitely.
If something is years old, it's probably got near-zero current market value. If that's the basis on which the airline is paying compensation, then the absence of receipts probably makes little difference.
If you want new-for-old cover, travel insurance is often a much better route.