Disney Vacation Club Cancellation Protection

[SwanVT2]

Has anyone had to use this and did it turn out OK?

 

[DebbieB]

I've never used it. One point regarding cancellation - it does not protect your points. You are just refunded the dues on the points lost. The cost is per use year.

 

[Lakegirl]

What is this?

 

[KAT4DISNEY]

What is this?

It's an insurance that MS can sell you. If you call in to book they usually include info on it as part of their spiel. I believe it's 4 or 5 years they've been selling it.

 

[skier_pete]

Understand that it only covers the points for the UY you buy it. If you are booking a trip that is using points from multiple UY, it won't cover it. (Our upcoming trip has 2013, 2014 and 2015 UY points mixed in, most of the points (110 of the 176 points) were from the 2015 UY, so I bought the insurance on the 2015 UY only. I was told even if the insurance doesn't cover ALL the points for the trip, it will still cover any and all travel expenses/losses, which is my biggest concern when travelling during hurricane season.

(To answer the original question - we have not used TI through DVC. There is no reason to think it won't work. We recently (feb 2015) had to use our TI though, and we had no problem getting reimbursed. Just make sure to keep really good records of everything.)

 

[jerseygal]

DVC offers it through Travelex. We always purchase it every use year. I have been told that if you cancel the "day of" the trip and notify insurance, that Travelex will pay you in dollars the amount of points used for that reservation multiplied by your "dues per point"(which is simply your annual dues cost divided by the amount of points you own).
I think I calculated it a few years ago and my per point annual maintenance cost is something like $5.25 or higher(approximately). If you are using say 160 points for a reservation, you would get reimbursed 160 times $5.25 which would be $840. You must have cancelled or had "trip interruption" for a "covered" reason under the Travelex guidelines. The insurance also covers airline costs and other "prepaid" items in advance. I have been told by Travelex that it covers airline and all other "prepaid" items including tickets. IMO, is WELL WORTH IT!

 

[jekjones1558]

We have used the Travelex insurance. We were reimbursed full cost of 2 first class airline tickets. We always buy one use year ahead and pay when dues are due. Then we don't have to worry if we end up borrowing points. If you buy when dues are due then the pre-existing condition exclusions are waived. That is a big deal for us. The insurance is a flat fee of $89 not matter how many points you have. It also is not based on your age, like some travel insurance. For old folks like us, that is also a good deal.

 

[SuzanneSLO]

We have used the Travelex insurance. We were reimbursed full cost of 2 first class airline tickets. We always buy one use year ahead and pay when dues are due. Then we don't have to worry if we end up borrowing points. If you buy when dues are due then the pre-existing condition exclusions are waived. That is a big deal for us. The insurance is a flat fee of $89 not matter how many points you have. It also is not based on your age, like some travel insurance. For old folks like us, that is also a good deal.

If someone is interested in travel insurance for DVC stays, I think the way you buy it makes lots of sense. Of course, it means you can't do a monthly payment plan for dues. -- Suzanne

 

[SuzanneSLO]

DVC offers it through Travelex. We always purchase it every use year. I have been told that if you cancel the "day of" the trip and notify insurance, that Travelex will pay you in dollars the amount of points used for that reservation multiplied by your "dues per point"(which is simply your annual dues cost divided by the amount of points you own).
I think I calculated it a few years ago and my per point annual maintenance cost is something like $5.25 or higher(approximately). If you are using say 160 points for a reservation, you would get reimbursed 160 times $5.25 which would be $840. You must have cancelled or had "trip interruption" for a "covered" reason under the Travelex guidelines. The insurance also covers airline costs and other "prepaid" items in advance. I have been told by Travelex that it covers airline and all other "prepaid" items including tickets. IMO, is WELL WORTH IT!

I think your statement that it covers "all other prepaid items" may be overstated.

I specifically asked a Travelex representative about a flight to Orlando for a stay at WDW on our DVC points followed by a DCL cruise out of Port Canaveral. I was told the flights were covered but not the cruise (unless booked on DVC points). -- Suzanne

 

[jerseygal]

We have used the Travelex insurance. We were reimbursed full cost of 2 first class airline tickets. We always buy one use year ahead and pay when dues are due. Then we don't have to worry if we end up borrowing points. If you buy when dues are due then the pre-existing condition exclusions are waived. That is a big deal for us. The insurance is a flat fee of $89 not matter how many points you have. It also is not based on your age, like some travel insurance. For old folks like us, that is also a good deal.

THANKS for the tip about buying the insurance when dues are payable and pre existing health conditions being covered if purchased at that time! A good use of $89.00 Imo as there are too many variables and uncertainty when planning vacations.

 

[jekjones1558]

If someone is interested in travel insurance for DVC stays, I think the way you buy it makes lots of sense. Of course, it means you can't do a monthly payment plan for dues. -- Suzanne

Not true. I pay dues monthly. I just call in late December and buy the insurance.

 

[SuzanneSLO]

Not true. I pay dues monthly. I just call in late December and buy the insurance.

I based my comment on what I was told by the Travelex representstive. She directed me to the language on page 25 that the pre-existing condition exclusion was waived if the policy was purchased within 3 days of making the final payment of annual dues. The representstive told me that this meant there could be no PEC waiver if dues were not paid in full in January. Glad to hear this was not your experience. -- Suzanne

 

[jekjones1558]

I based my comment on what I was told by the Travelex representstive. She directed me to the language on page 25 that the pre-existing condition exclusion was waived if the policy was purchased within 3 days of making the final payment of annual dues. The representstive told me that this meant there could be no PEC waiver if dues were not paid in full in January. Glad to hear this was not your experience. -- Suzanne

But on page 26 it says:
"For purposes of this plan only, if a new plan is purchased without lapse after your initial twelve month plan term is completed; the Pre-Existing Condition Exclusion is waived."

 

[SuzanneSLO]

But on page 26 it says:
"For purposes of this plan only, if a new plan is purchased without lapse after your initial twelve month plan term is completed; the Pre-Existing Condition Exclusion is waived."

Thanks! Good to know. As I said in a prior post, for those interested in this protection, buying every year like you do seems to be the way to go. And now I know it even works when you are paying dues monthly. -- Suzanne

 

[SuzanneSLO]

nothing to see here