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

[edk35]

SO what happens if your dues are divided over the year? As far as paying for the insurance before dues are due??????

 

[granmanh603]

SO what happens if your dues are divided over the year? As far as paying for the insurance before dues are due??????

Ok I just called since no one seemed to have that answer and MS did not know either???? and gave me phone number of Travel Ins company.....closed on weekend. So can't buy or get answers . The only thing she did say since the March reservation for 3 weeks used 2009 banked, 2010 and 2011 borrowed you have to buy for each UY 79 X 3 but she said it would cover UY trip. Also asked if you could buy for some year but not other? like 2010 and 2011 she did not know....sooooo still have no answers and dues were due to be taken out yesterday but check bank and so far not deducted....

 

[bobbiwoz]

As I read the policy on line, it seems that what you get for the "DVC stay" part of the reservation that is cancelled is the dues you paid for those points. Is that correct?
Bobbi

 

[jekjones1558]

As I read the policy on line, it seems that what you get for the "DVC stay" part of the reservation that is cancelled is the dues you paid for those points. Is that correct?
Bobbi

That is how I read it also.
I bought it for 2011 and 2012 use years. I assume that the pre-existing waiver will apply since I paid before my annual dues started being deducted. I don't think the points part of the insurance is the best part. For me it is the rest of the plan that makes it worthwhile, especially with the pre-existing condition waiver. DH has so many health issues that travel insurance is pretty much worthless for us without that waiver. I usually buy TravelGuard for our non-DVC trips because they have the waiver if you buy the insurance when you book (like within 24 hours or some such).

 

[sajetto]

This would be worth it for us. We normally take two "point heavy" vacations per year and that is without banking and borrowing.

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

 

[LouisianaDisneyFan]

I was very enthusiastic about this insurance when I first read about it, but with our recent cancellation, I asked more questions to verify if it was for us. We canceled our recent vacation due to our daughter and son-in-law's travel woes... not ours (they were caught in the Atlanta ice). It seemed pointless to go down to celebrate son-in-law's birthday without him being there! The answer about whether this is a covered cancellation: NO, it would not be covered because hubby and I would have been able to get to Disney. I was told the insurance covers disruptions in OUR travel, but not every member of the party. I was also told that cancellation for health issues only cover your immediate family as well (those living in your household). Does this sound correct? Has anyone else been told the same thing? If something was going on with either of my parents health-wise, we would also cancel and stay in BR to care for them. Would the insurance cover cancellation in this situation? From the information I've received so far, it sounds like if you take a lot of trips that include extended family, this insurance may not prove a good value.

 

[bobbiwoz]

That is how I read it also.
I bought it for 2011 and 2012 use years. I assume that the pre-existing waiver will apply since I paid before my annual dues started being deducted. I don't think the points part of the insurance is the best part. For me it is the rest of the plan that makes it worthwhile, especially with the pre-existing condition waiver. DH has so many health issues that travel insurance is pretty much worthless for us without that waiver. I usually buy TravelGuard for our non-DVC trips because they have the waiver if you buy the insurance when you book (like within 24 hours or some such).

We also are leaning towards getting it. We pay the MF's all at once, just at the beginning of February, so I've a bit more time to go over it.

 

[DebbieB]

It looks like the reimbursement is for your dues amount rather than the $5 per point the old one had. The airline change fees is an interesting one because under (a) they only reimburse if the trip cannot be rescheduled. So would they reimburse the change fees if you reschedule but not the maintenance fees?

Trip Cancellation
The Insurer will pay the following up to the maximum benefit
shown in the Schedule of Coverage:
(a) non-refundable Maintenance Charges* or dues value of
Points and/or applicable Exchange Fees. Maintenance
Charges or dues value of Points will only be reimbursed
if the Timeshare Trip can not be rescheduled;
(b) cancellation or change fees imposed by Disney
Vacation Club;
(c) out of pocket costs for upgrades associated with Your
Timeshare Trip;
(d) up to $750 for reimbursement of non-refundable
cancellation charges for Your out of pocket costs for
prepaid Land/Sea Arrangements;
(e) airfare cancellation fees and/or change fees up $1,000 per
reservation for flights in connection with the Timeshare Trip
commencing within two days of the Timeshare Trip;
(f) the fees incurred by You for re-depositing frequent
traveler awards (frequent flyer miles, hotel point
rewards, etc.) in Your account if You used awards for
any part of a Timeshare Trip which is canceled for a
covered reason (the Insurer will not pay more than an
aggregate amount of $500 for all Timeshare Trips and
for fees paid for re-depositing frequent traveler awards).
9 10 11

 

[edk35]

Okay friends of ours got this insurance with less than 30 days out from their trip this Friday.... would they be covered. They got it because their daughter had been in the hospital for 8 weeks..as a JUST IN CASE type of thing. They booked the trip a week ago.

 

[Sandisw]

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?

If you are using borrowed points, you would be paying upfront to cover that UY's points.

So, if I borrow some of my 2012 UY points, I would then be paying upfront for the 2012 UY points to be covered. Wouldn't that mean the next year, I would not have to pay another premium for 2012 UY points?

Maybe I misunderstood how it works.

 

[magicmommy]

It will be intersting to see how this actually works out. DH and I have a March use year and currently tend to travel in April/May and October/November. We eventually plan to use our DVC to stay for 8-12 weeks in the winter months. This may be more beneficial for us in a few years.

 

[dmancuso]

Get your insurance from an outiside company.

 

[jekjones1558]

Get your insurance from an outiside company.

But if you have a lot of points and make several trips each year, you have to pay insurance for every trip and that is way more than $79. In fact our experience has been that it costs about $60 for the 2 of us to insure one roundtrip, and that is airline costs only.

 

[JBx3]

But if you have a lot of points and make several trips each year, you have to pay insurance for every trip and that is way more than $79. In fact our experience has been that it costs about $60 for the 2 of us to insure one roundtrip, and that is airline costs only.

Very good point!

I am still trying to find more about the pre-existing waiver and where it says this is done only prior to paying your yearly dues?? Am I missing something?

 

[PoohNFriends]

Very good point!

I am still trying to find more about the pre-existing waiver and where it says this is done only prior to paying your yearly dues?? Am I missing something?

It's quoted in post #12 off the DVC member website so I would go there to view additional details.
Kind-of wish I didn't pay my dues when they 1st got posted to the website almost a month ago because now the pre-existing condition waiver doesn't apply to us. Still not sure I would purchase the insurance anyways, but this factor is a mark in the negative column right now.
I know it is $79 per UY, but what if I used points from 2 different resorts wit the same UY - I'm under the impression it would then be $158, but haven't looked at all of the fine details yet.

 

[DebbieB]

Get your insurance from an outiside company.

The problem with getting insurance from an outside company is putting a value on your points.

 

[toniosmom]

I know it is $79 per UY, but what if I used points from 2 different resorts wit the same UY - I'm under the impression it would then be $158, but haven't looked at all of the fine details yet.

I have trips booked this year in three different resorts and because I used points from the same UY, I only had to pay $79. I borrowed 5 points from 2011, so those aren't covered. Howevever, the CM I talked to said that if I bank any of my 2010 points, they will be covered if I buy the insurance for 2011 UY. That seems to conflict with what everyone seems to be saying, so I'm not sure she was correct.

I wish the CMs were more informed. I was told by one CM that they are just there if you want to purchase the insurance, but not to answer questions. She then gave me the toll-free number for Travelex. That's fine, but I just wish that we were not told to call MS for additional information.

 

[PoohNFriends]

I have trips booked this year in three different resorts and because I used points from the same UY, I only had to pay $79. I borrowed 5 points from 2011, so those aren't covered. Howevever, the CM I talked to said that if I bank any of my 2010 points, they will be covered if I buy the insurance for 2011 UY. That seems to conflict what everyone seems to be saying, so I'm not sure she was correct.

I wish the CMs were more informed. I was told by one CM that they are just there if you want to purchase the insurance, but not to answer questions. She then gave me the toll-free number for Travelex. That's fine, but I just wish that we were not told to call MS for additional inforamtion.

If it is $79 for one UY regardless of how many resorts are part of that same UY then that's better than I thought.
It would be nice if MS had some more details, so members wouldn't have to make multiple phone calls. That's why I get all my answers in life to Google, Wikipedia, and of course the DISboards !

 

[My 2 princesses]

Wow, I had no idea this could be so frustrating. I booked a very, very last minute trip on Monday. Everytime I called looking for availabilty, I was given the talk about this insurance. I don't have the 30 day booking window, but was told by 2 CM's that I could get the insurance provided I purchased it on the day I made the booking. I finally decided to go ahead and book it but MS was closed, tried to do it on-line, could not figure it out so called back y/day to see if I could add it on even though I thought I was a day late. This CM says 'no way, you could not have added it on even y/day', so both the other CM's were wrong and so was Travel X who told me I had to do it on Monday. I was looking for insurance around here and coudl not find anyone who would cover points. So back to looking at the DVC offering, so I called the Insurance company and skipped DVC altogether. A nice lady there checked and told me that if you did not have the 30 day window, then you can still book it. Long story short, I have now purchased this insurance in the hope it is good and my only concern is that there is a termination date and was told by MS that this policy will cover every trip in the Use Year it was bought, so that's got me thinking now again.

But..........I am glad I now have coverage for the entire family much cheaper than in Canada.

 

[Corwin]

I'm running some numbers to see if this is worth it for us.

We have a big trip planned for this August, with a 2BR room reserved for three nights before and after a cruise (total of six nights). I already purchased travel insurance to cover the cost of the cruise and airfare, but figured that a standard travel insurance policy wouldn't cover DVC points.

I'm now trying to determine if it's worth it to insure our DVC points for the trip. We have 283 points from UY2011 and UY2012 invested in this trip. It's my understanding that it would cost $79 x 2 = $158 to cover these points.

If we had to cancel, we would be reimbursed the maintenance fees for these points, so we'd get back 283 pts x $5.34/pt = $1,511.32.

The cost of the insurance therefore works out to 9.56% of the reimbursement value for me, which seems rather high. (Typical travel insurance costs are usually about 4-8% of trip costs.)

Other people might get more benefit, because this new travel insurance would also cover their airfare, but for me, it's moot because I already have coverage for my airfare.

Do I have this right? Any obvious errors in my analysis here?

Thanks!