View Full Version : How much are points worth if you put in a claim with trip insurance?
02-02-2001, 07:10 AM
I am not a DVC owner, but I have already rented from a member and am considering renting much more. I called the insurance company and am satisfied that they have a very liberal definition of what constitutes an event for which cancellation is covered (ie, sickness in the family as remote as a cousin, etc).
They also were proud to tell me they pay up to $15,000. Great. So the next question was that I am renting 175 points, how much will I get reimbursed if I have to cancel due to a covered event? Answer: Don't know. Disney sets value, I have to call Disney. Of course, I am not a DVC member so disney won't talk to me. I have heard they value the room at rack rate (one of the DVC members who posts here told me that) and I have heard around $6 per point (another DVC member who posts here told me that). Anyone know?
02-02-2001, 07:22 AM
All I can tell you is that the reason I scoffed at the insurance because of the value it gave when you did have to cancel...I can't swear to it, but I think $6 per point may even be higher then what I remember. I seem to remember it just covering the dues.
Creeping socialism was seen hundreds of years ago when James Madison said: "I believe there are more instances of the abridgement of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpations."
02-04-2001, 07:32 AM
Just bumpng. Anyone know for sure?
02-04-2001, 07:38 AM
but, as I am in the middle of making a reservation for my trip for next year (one of those anal people who call day by day because I will be devistated if I don't get what I want!) I will be calling MS tomorrow. If no one else has posted I will ask about trip insurance and post the reply!
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02-04-2001, 07:55 AM
I have rented points and purchased trip insurance each time. I have had the misfortune to have to cancel on two different occassions (yes, we think we are jinxed!). The first time my 3 year old ended up with a double ear infection and was not allowed to fly. The last time my father in law fell off a ladder and remains in ICU today (3 weeks later). I did not insure the points. I insured the total cost of the trip (price I paid for DVC rental, airfare and priceline car rental). I received 100% of my money back a few years ago and I expect 100% back for this past trip. I highly recommend trip insurance when renting points or making regular reservations. That being said, we are purchasing an OKW resale and I will not buy insurance to cover the points. It is not worth it. I believe it is equal to $6 pp. However, I will continue to purchase flight and car rental cancellation protection - at least until the jinx wears off!!
02-05-2001, 09:08 AM
I have a question for you. COuld you email me directly? Thank you.
02-06-2001, 12:54 PM
The insurance is thru Travel Guard International 1-800-826-3899
Vacation point amount premium VPA Premium Per
1-150 $29 659-816 $175
151-250 $49 817-950 $215
251-350 $69 951-1100 $250
351-500 $99 1101-1200 $270
501-658 $139 1201-1350 $300
Then they have airline ticket coverage for $29.00 per person and medical coverage for $3.50 per day per person
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