Anyone have any experience with the Travelex insurance offered thru DVC?

[HayGan]

I was checking on my reservations and i decided to check on the link for the Travelex insurance offered. It is $79 for a year which doesn't seem bad. It would cover two trips for us. I really have never purchased travel insurance before. (I am a frequent traveler for work and I have never lost 1 piece of baggage and only had to cancel 1 trip due to illness.)

Does anyone here have any experience with purchasing and then having to use this insurance? Would you recommend it to other travelers?

 

[erionm]

Never used it, but it's $79/use year. If you have banked or borrowed points, those would require an additional $79 fee each (unless previously paid).

As far as reimbursement for the room goes, they only pay you the cost of your dues on those points.

 

[jekjones1558]

We have not used it yet either. It is my understanding that it covers airfare also, so I think it is a real bargain at that price, especially if you go multiple times in a year. If you buy it when you pay dues (we pay monthly so I buy it in January), the pre-existing condition clause is waived. This is a good feature because sometimes travel insurance companies work hard to find ways to use the pre-existing condition clause to deny a claim.

 

[DizBub]

Does anyone know if this applies to cruises? Say I pay cash to go on a Members Cruise and had to cancel for health reasons?

 

[jekjones1558]

Does anyone know if this applies to cruises? Say I pay cash to go on a Members Cruise and had to cancel for health reasons?

I highly doubt it because you are paying cash, not using your points. The insurance is a timeshare product. Here is a link to the insurance description:

http://advc.disney.go.com/media/dvc/languagespecific/eng/member/vacationplanning/travelex/DVC_Travelex_COI_V2.pdf

 

[erionm]

Does anyone know if this applies to cruises? Say I pay cash to go on a Members Cruise and had to cancel for health reasons?

It would only cover the cruise if you used points. If you paid cash, you would need to find coverage elsewhere.

 

[k3chantal]

I was checking on my reservations and i decided to check on the link for the Travelex insurance offered. It is $79 for a year which doesn't seem bad. It would cover two trips for us. I really have never purchased travel insurance before. (I am a frequent traveler for work and I have never lost 1 piece of baggage and only had to cancel 1 trip due to illness.)

Does anyone here have any experience with purchasing and then having to use this insurance? Would you recommend it to other travelers?

We bought it for our cruise, thankfully did not have to use it but it is very important that you understand that you pay 79 dollars for each use year's points. For example, I used like 24 banked points, my current year's points and then I borrowed some from the upcoming year. I ended up paying 79 x 3.

I still thought it was worth it because we were going into Mexico and thought that if I was going to another country, travel insurance couldn't hurt.

 

[bobbiwoz]

It would only cover the cruise if you used points. If you paid cash, you would need to find coverage elsewhere.

Yes, I bought insurance for the MC on my own since I paid cash.

 

[HayGan]

Thanks for all the information. We decided to not get the insurance. The only reasons we could really think of that we might need it would be excluded due to the pre-existing clause.

 

[BIERMUGG]

We got the travel insurance thru DVC in January 2011 because we booked the Alaskan cruise in May for my family of five on 1492 points and then spent a week in disneyland after the cruise. . After the cruise the wife and i booked for our 30th wedding anniversary in October 2011 a room at the Grand Floridian on 320 points.

Two days before we were planned to leave in october my brother in-law dies from a massive heart attack. We cancelled our vacation, and lost the points.
But got Cash for the lost vacation. We got back about $ 5.00 a point.
( if i remember right)

For $ 79.00 a year for insurance its worth it.

Jet blue was the best i just had to give them the funeral parlors phone number and my brother in laws name and they handled it and gave us a complete refund.

 

[jelliott04]

Two days before we were planned to leave in october my brother in-law dies from a massive heart attack. We cancelled our vacation, and lost the points.
But got Cash for the lost vacation. We got back about $ 5.00 a point.
( if i remember right)

For $ 79.00 a year for insurance its worth it.

I am about to book a cruise for Feb and I'm using points from 3 years (YIKES!) so I'd have to pay $79 x 3 I believe. I was just about to ask this question.

I'm using all points, but I'm a bit confused how it works as far as medical etc. Good to know that you did get reimbursed for the points. The MS agent wasn't overly explanatory about it and just told me I had to call the ins co. MS told me that they reimburse for the dues and that's it.

Jen

 

[OhioDVC]

I made a claim against the insurance once for a ER visit while at Disney. It was pulling teeth just to get my $35 co-pay reimbursed. My regular insurance paid the rest of the bill.

With the hassle I had over getting back $35, I would hate to see if I had a major medical claim.

 

[disneynutz]

We have not used it yet either. It is my understanding that it covers airfare also, so I think it is a real bargain at that price, especially if you go multiple times in a year. If you buy it when you pay dues (we pay monthly so I buy it in January), the pre-existing condition clause is waived. This is a good feature because sometimes travel insurance companies work hard to find ways to use the pre-existing condition clause to deny a claim.

You buy it in January but the coverage is for the UYHow does that work?

Bill

 

[jekjones1558]

You buy it in January but the coverage is for the UYHow does that work?

Bill

To have the pre-existing conditions waived you need to buy the insurance when you pay the dues. If I were paying dues all at once I would pay in January, so that is when I pay for the insurance, even though I pay dues monthly.

 

[disneynutz]

To have the pre-existing conditions waived you need to buy the insurance when you pay the dues. If I were paying dues all at once I would pay in January, so that is when I pay for the insurance, even though I pay dues monthly.

I understand that part, you pay in January but the coverage is for the UY correct? So you pay in January 2012 but our UY is October so the coverage is for Oct 2012 until September 2013.

Bill

 

[k3chantal]

I am about to book a cruise for Feb and I'm using points from 3 years (YIKES!) so I'd have to pay $79 x 3 I believe. I was just about to ask this question.

I'm using all points, but I'm a bit confused how it works as far as medical etc. Good to know that you did get reimbursed for the points. The MS agent wasn't overly explanatory about it and just told me I had to call the ins co. MS told me that they reimburse for the dues and that's it.

Jen

Yes, you are right. You will pay $79 x 3 if you have used points from 3 years. In our particular case, that was frustrating since I used something like 24 points from one year.

 

[jekjones1558]

I understand that part, you pay in January but the coverage is for the UY correct? So you pay in January 2012 but our UY is October so the coverage is for Oct 2012 until September 2013.

Bill

Well that just shows how dumb I am. I always thought that dues were for that year, no matter when your use year is. So i always thought that I was paying 2012 dues for my Oct. use year points in January, 2012. At any rate I always buy one year ahead on my insurance in case I need to borrow points.

 

[disneynutz]

Well that just shows how dumb I am. I always thought that dues were for that year, no matter when your use year is. So i always thought that I was paying 2012 dues for my Oct. use year points in January, 2012. At any rate I always buy one year ahead on my insurance in case I need to borrow points.

You aren't dumb, far from it. The dues are paid per calendar year. I just didn't understand how the UY insurance payment was applied.

Really would be a problem if you thought you were covered and you weren't.

Bill

 

[jekjones1558]

You aren't dumb, far from it. The dues are paid per calendar year. I just didn't understand how the UY insurance payment was applied.

Really would be a problem if you thought you were covered and you weren't.

Bill

Right now I have insurance through 2013 points. Here is part of my receipt that was emailed when I paid my 2012 dues:

 

[disneynutz]

Right now I have insurance through 2013 points. Here is part of my receipt that was emailed when I paid my 2012 dues:

That helps me, thanks for sharing.

Bill