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Lost luggage? You're in luck!

We've seen a massive increase in the amount of checked baggage since the Transportation Safety Administration (TSA) adjusted its carry-on rules in the wake of the alleged London-based air terror plot of 2006.

The result of the new policy has been a similarly massive breakdown of the baggage handling system. More bags are getting lost than ever before.

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Now the Department of Transportation (DOT) wants to do something about it. If your checked bag gets lost, delayed, or damaged on a domestic flight, you'll soon be eligible for a little extra compensation.

The DOT plans to raise the "minimum baggage liability limit" from $2,800 to $3,000 effective February 28.

Travel Weekly (free registration required) notes that "airlines can set their minimum higher than $3,000 if they choose to," but with the airlines losing about 10,000 bags a day, I wouldn't go holding my breath waiting for that to happen.

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