I think a lot depends on how far out your trip is. I believe, but I could be wrong, that no matter what you can make changes or cancel your trip. They have individual fees for doing these and it's more than the peace of mind plan. I did buy the peace of mind for our tickets, because our trip was over 6 months out when I purchased them, and I really felt we shouldn't be spending that much for our vacation this year (we had the money and booked it anyway). We're getting closer to our trip, and we're still planning to go. But you never know what life will bring you during that time of booking and going. I don't think I would've purchased the plan had I booked closer to the trip. With anything, it's a risk and I think every situation will come up with a different need/reason to purchase/not purchase the plan.