These insurance conditions for baggage delay are also valid for low budget companies?
As for travel insurance, I take it even when I go outside the country, even for a day. I once went to the nearest town in a neighboring country, about 50 km away, and I cut myself on some glass... And I didn't have insurance... Since then i always take it...
As I travel a lot, I dedicated quite a lot of time to chosing the best possible product from the most reliable company :) So yes, it covers everything. Low-costs aren't worse than regular airlines though - the loading and unloading is handled by airport crew, not by airline staff. Or at least on airports I've been to. So the same people take care of your bags, be your carrier Emirates or Ryanair.