TRAVELERS can now be paid out $1,000 paid out for every lost bag – for just a $5 fee.

Thousands of summer hols are ruined every year due to lost luggage .

It remains every flier's fear that while they will safely arrive at the destination – their luggage may not.

But one firm is new offering "guaranteed peace of mind" for just $5.

Statement

In a statement on its website, Blue Ribbon Bags said: "For only $5.00 BRB will track and expedite the return of your undelivered baggage by the airline .

"If your luggage is not found after 96 hours BRB will send you $1,000."

Anyone considering signing up for the policy is urged to read the small print.

It also states: "Remember to first notify the airline that your baggage did not arrive at your flight’s end-point.

"The airline will pr

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