Can someone tell me about this 79 buck Trip Insurance...

[edk35]

Apparently you can pay this price and it is good for all trips in a given use year?? Please tell me more!! Thanks

 

[DisDaydreamer]

I don't have a clue. Just wanted to pop in and say... Hi, Denise

 

[edk35]

I don't have a clue. Just wanted to pop in and say... Hi, Denise

Hi Rob!!!!! How are you and how is your wife??

 

[WilsonFlyer]

Insurance is $79/UY. If you use banked, current and 1 point borrowed, it's 3x$79, for example. I asked MS that specific question and that's what they told me. As I understand it, the number of trips/year does not matter once the $79 has been paid for the UY's points being used.

 

[edk35]

Insurance is $79/UY. If you use banked, current and 1 point borrowed, it's 3x$79, for example. I asked MS that specific question and that's what they told me. As I understand it, the number of trips/year does not matter once the $79 has been paid for the UY's points being used.

SO it is only 79 per UY if you don't use any borrowed/banked points?

 

[jekjones1558]

For heaven's sake, Disney. Please post the details on cost and what is included! Just once I would like to see a DVC change in benefits/rules posted in a timely fashion with all the correct info. Jeesh.

 

[dcfromva]

hmmm.
What if you have 7-25 point contracts (for example) and you use banked and borrowed points from each contract to make a reservation?
If you used borrowed points-would the ins cover the remaining points for the next year, too?

I wonder what the ins covers.

 

[WilsonFlyer]

SO it is only 79 per UY if you don't use any borrowed/banked points?

Yes.

 

[WilsonFlyer]

hmmm.
What if you have 7-25 point contracts (for example) and you use banked and borrowed points from each contract to make a reservation?
If you used borrowed points-would the ins cover the remaining points for the next year, too?

I wonder what the ins covers.

That is exactly how it was explained to me. Yes. Insurance is PER UY's points and for the duration of the USE of that UY's points. I guess in the stringent sense, you are insuring the points per UY if that makes sense.

 

[toniosmom]

I read something about pre-existing conditions. I believe you have to buy the insurance before or at the time you pay your dues in order to get the pre-existing conditions waived. I haven't read it in detail, but it may be something to note since our dues are payable this week. My dues are paid monthly by automatic withdrawal, so I'm not sure how that affects this condition. I plan to call MS tomorrow.

 

[jekjones1558]

I read something about pre-existing conditions. I believe you have to buy the insurance before or at the time you pay your dues in order to get the pre-existing conditions waived. I haven't read it in detail, but it may be something to note since our dues are payable this week. My dues are paid monthly by automatic withdrawal, so I'm not sure how that affects this condition. I plan to call MS tomorrow.

I was wondering about this also. Will you post back when you get an answer? Why don't they just post the details on the member website. Ridiculous.

 

[jekjones1558]

I did some clicking on the member website and found some info that was not there on Monday. Here is a link:
http://dvc.disney.go.com/media/dvc/...ionplanning/travelex/pdf/DVC_Travelex_DOC.pdf

Noteworthy:

The Pre-Existing Conditions exclusion is waived for You if You enroll in this Protection Plan at the same time You submit Your annual Maintenance Charges.
If You enroll in this Protection Plan after the time You pay Your annual Maintenance Charges, once Your initial twelve month Plan term is completed and Your Plan is renewed without lapse, the Pre-Existing Conditions Exclusion is waived for the remainder of Your coverage under this annual protection plan. If there is any lapse in coverage at any time in Your Plan term, the Pre-Existing Exclusion is reactivated and applies once again for a new 60 day period prior to the new effective date of coverage under this Plan.
Please Note: If the Pre-Existing Condition Waiver is not applicable, the event for Cancellation or Interruption of Your scheduled Timeshare Trip must first occur after Your effective date of coverage.

The Annual Timeshare Protection Plan for Disney Vacation Club members must be paid for no later than 30 days before Your Timeshare Trip, or the booking date confirmation of Your first Timeshare Trip, whichever is later. The Protection Plan ends 365 days after the inception of Your Plan, but will only apply to Maintenance Charges You may incur.

But there are lots of additional coverages beyond dues so I think I will call to enroll before my first dues payment is deducted on Jan. 15.

 

[DisDaydreamer]

Hi Rob!!!!! How are you and how is your wife??

We're hanging in there... MB just started her 5th chemo cycle. One more to go, then surgery. We're focused now on our November Cruise on the new Dream

 

[DVC Eric]

We just got it. It is per use year so we ended up having to buy it for 3 years due to banked and borrowed points. We have dues coming out monthly and that was not a issue, it will not cover our jan 2011 trip because we are in the cancellation period.

 

[bookwormde]

So in reality it only cover vacations within an 11 month period (since you have to purchase it 30 days in advance)

 

[Sandisw]

So in reality it only cover vacations within an 11 month period (since you have to purchase it 30 days in advance)

It sounds like you can start off by purchasing it and if you renew it every year, then you get the full benefit of the 12 months and the automatic waiver of the pre-existing conditions.

I guess once you pay for the plan the first time and cover things like banked and borrowed points, your next year's premiums could and should be less.

 

[WilsonFlyer]

<snip>I guess once you pay for the plan the first time and cover things like banked and borrowed points, your next year's premiums could and should be less.<snip>

How do you figure that? The way it was explained to me, EVERY UY is $79, regardless when you buy the insurance. How could any year's points be discounted?

 

[granmanh603]

I was wondering about this also. Will you post back when you get an answer? Why don't they just post the details on the member website. Ridiculous.

I was wondering too, I pay dues monthly and they start on the 15 of Jan. Please post when you have answers...Thank you.

 

[Tiger926]

Hi Denise!!!

Just wanted to let people know that the entire policy is on the website. I have posted about this several times over the past week, but I don't think everyone is reading the entire threads that they are posted on. So here goes again:

- When you go on our Member site home page, you should click on Travelex Insurance link at bottom of list.

- You will then have a pop-up, and you can click like you want to purchase the insurance, and it will take you to the actual policy, in which all terms are laid out.

- This is how I found the pre-existing waiver clause if purchased before dues.

I will say that I didn't know about the $79/UY though, as that is not mentioned, so we won't be purchasing now. That hardly seems worth it, as we banked and borrowed a few points.

Hubby got some info by phone from MS the other day, but I think it would be best to call Travelex directly. The number is on the policy brochure, as it links you directly to their website.

Hope this helps, Tiger

 

[toniosmom]

I decided to go for it. We have two trips planned this year, so it will cover both. The only glitch (and it's really not a glitch at all) is that we borrowed 5 points from 2011 for our November trip and they won't be covered. I didn't think it was worth paying another $79 to cover just 5 points.

I have one small contract for which the annual dues are not automatically deducted -- the rest are. After I bought the insurance, I went online and paid the dues (accounting is closed on weekends) for that one contract. I'm assuming the rest will be deducted from my account this coming Tuesday, since the 15th fell on a Saturday and Monday is a holiday.

I dont' think I will have any problems with the pre-existing conditions waiver. It says you have to buy the insurance at the same time you pay the dues.