I must be lucky in this respect. Never had lost luggage, not once.
When it happens, does the lost bag usually show up sometime later on, or no?
What's the typical policy on this? Do they have X amount of time to recover it, and if not found they pay a certain amount for each lost bag?
I've had my luggage lost maybe 5 times total. Every time before this I've got it the next day. This time it went to Canada and it's mucked up in customs right now. I don't know what happens when it gets lost permanently. I know for sure I'm not getting it today. Right now I'm over 48 hours with out it.