another insurance question

Discussion in 'Purchasing DVC' started by susan@htcnet.com, Feb 4, 2001.

  1. susan@htcnet.com

    susan@htcnet.com Earning My Ears

    Joined:
    Nov 11, 2000
    Messages:
    15
    We recently had to cancel a trip (2Bd at the VWL-sigh) due to my husband's hospitalization (he is fine now, thanks).
    When we cancelled, she asked if we had bought insurance--we hadn't.
    My questions is--if they had reimbursed us $6 a point--does that mean we lose the points?
    I know this sounds dumb, but I figured it was better to try to use the points at a later date than to have Disney reimburse us.

    I do NOT know if this is the policy--I don't want to start a rumor--I just wanted to know if anyone lost the points they were reimbursed for.
    Susan in Nebraska :eek:
     
  2. DebbieB

    DebbieB DIS Veteran

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    Aug 24, 1999
    Messages:
    50,980
    I've never used DVC's insurance, but I don't think you get the reimbursement AND keep the points in holding. The insurance compensates you for losing the points. DVC can then take the points you lost and use them for a rental to pay back what they paid you.
     
  3. normr

    normr DIS Veteran

    Joined:
    Aug 28, 1999
    Messages:
    550
    When you purchase the insurance, you lose the points on a cancelled trip but get a cash payment depending on the number of points used for the ressie, at least it's not a total loss in that event.
     
  4. susan@htcnet.com

    susan@htcnet.com Earning My Ears

    Joined:
    Nov 11, 2000
    Messages:
    15
    Ok,
    So they pay you for the points--and it's not really insurance. I had a feeling it might be this way--that's why we never bought the insurance.
    Thanks.
    Susan :rolleyes:
     
  5. BobH

    BobH DIS Veteran

    Joined:
    Mar 19, 2000
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    1,321
    It seems to me that unless you are near the end of your use year it is more cost effective to keep the points and try to reschedule a vacation.
    Does anyone agree?
     

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