DVC trip insurance (Travelex?)

[MiaSRN62]

Hi,
Planning a trip to Aulani. Booked points through DVC. All I am seeing is Travelex on Members site? Didn't there used to be a company endorsed by DVC called Alliance? Is this a change?

Thanks

 

[Narcoossee11]

Travelex has been the insurance company for over 15 years.

 

[MiaSRN62]

Travelex has been the insurance company for over 15 years.

Oh, my friends used Allianz Global Assistance for a DVC trip. I asked her, and she said they convert the points to cash. I will be looking into both of these. Appreciate the input.

 

[AnnaKristoff2013]

Allianz has a trip insurance that essentially insures your points at the cost of the annual dues. While this makes sense for a lot of timeshares where the points are worthless on the secondary market, for DVC obviously you still lose a lot of value when the points could be rented for $18 a point but you are only insuring them for around $9 a point.

 

[MiaSRN62]

Allianz has a trip insurance that essentially insures your points at the cost of the annual dues. While this makes sense for a lot of timeshares where the points are worthless on the secondary market, for DVC obviously you still lose a lot of value when the points could be rented for $18 a point but you are only insuring them for around $9 a point.

So you're thinking maybe Travelex is the preferred option?
Thanks for the input

 

[dwg]

Travelex is the Disney Vacation Club option. Claim payouts is based on annual dues. I believe the cost is a flat $99 for each use year and generally includes everyone on your trip. If you take multiple trips with points from an insured use year, all trips are covered. If your trip includes points from different use years because you used borrowed or banked points than you need to purchase trip insurance for each use year.

Not sure how Travel Insurance purchased outside of DVC would work but I would guess they would only cover a specific trip and might cost extra depending on how many travelers in the group.

 

[AnnaKristoff2013]

So you're thinking maybe Travelex is the preferred option?
Thanks for the input

I don’t think any of them are great. They’re all just insuring annual dues which makes sense for most timeshares, but not DVC where the points are actually worth something.

 

[brenbrady]

I have used Travelex and although never had to use them, I did just use allianze insurance for a cruise which I had to cancel due to health and I could not get a refund even though the cruise was 5 months away because they said I could only cancel 10 days after I booked.
Which of course I didn't know my husband would get sick back then. Check out insurance before booking them, lesson learned.

 

[abdgeek]

Hi,
Planning a trip to Aulani. Booked points through DVC. All I am seeing is Travelex on Members site? Didn't there used to be a company endorsed by DVC called Alliance? Is this a change?

Thanks

Whenever I take a trip using DVC points, I always get two types of insurance. Travelex insurance covers my DVC points. As OP mentioned, you buy Travelex insurance to insure each use year of your points. I use Travel Insured to cover any non refundable amounts I’ve pre paid for the trip. Years ago, my WDW trip using points had to be amended due to a winter storm that delayed my flight and would cause me to get to WDW two days after my reservation started. At that time, insuring your DVC points was new. DVC allowed me to change my reservation and I didn’t lose any points. However, they told me that was an exception they were making. Since they now had points insurance, if I didn’t purchase points insurance in the future and something similar happened I would lose my points. Ever since that day, I’ve always insured my points with Travelex and my money with another company. I’ve never had to do a claim with Travelex, but am hopeful things would work out if I did.

 

[DonMacGregor]

I went to sign up for Travelex, and the online form asked me for an agent number, which is nowhere to be found. The "Location Number" field in the form auto-populated, but the "Agent Number" did not...

 

[dwg]

I have used Travelex and although never had to use them, I did just use allianze insurance for a cruise which I had to cancel due to health and I could not get a refund even though the cruise was 5 months away because they said I could only cancel 10 days after I booked.
Which of course I didn't know my husband would get sick back then. Check out insurance before booking them, lesson learned.

From what I have seen none of the travel insurance companies allow you to cancel the policy for a refund after a short time of about two weeks. If you need to cancel the cruise with enough time remaining to get a full refund from the cruise company you will lose the travel Insurance premium. On the flip side you do not need to purchase travel insurance when you book the cruise but when you do some travel insurance companies will waive their pre-existing conditions clause.

 

[ScubaCat]

I went to sign up for Travelex, and the online form asked me for an agent number, which is nowhere to be found. The "Location Number" field in the form auto-populated, but the "Agent Number" did not...

Use DVCWEB: https://plandisney.disney.go.com/qu...-insurance-dvc-site-form-asking-agent-461470/

It's just a field so an insurance agent who sells you a plan gets his/her commission, but I don't think the DVC plan is even commissionable anyway so it's probably not even used other than the form requiring it. (I'm going to put "CHAPEK" in that field on my next contract and see what happens; they'll probably charge me double)

 

[ScubaCat]

The Travelex plan covers all rooms booked with your DVC contracts for one use year for $99. That includes everyone registered in any DVC room booked with your membership. I got reimbursed for 5 flights for a medical condition a family member came down with several months before a trip a few years ago, and they reimbursed me for my MCO hotel and a pizza delivery when my flight home was cancelled during southwest's first meltdown in October 2021.

I'm generally wary of buying ANY type of extra insurance since most are basically scams, but $99 to cover that many expenses for an entire year of all my DVC contracts and often multiple 2-bedroom villas for 8 or more people, plus 2-3 solo weeks in a studio... and with how quickly and easily they paid my claims both times, I would honestly recommend this plan (depending on your situation, obviously).

 

[DonMacGregor]

Use DVCWEB: https://plandisney.disney.go.com/qu...-insurance-dvc-site-form-asking-agent-461470/

It's just a field so an insurance agent who sells you a plan gets his/her commission, but I don't think the DVC plan is even commissionable anyway so it's probably not even used other than the form requiring it. (I'm going to put "CHAPEK" in that field on my next contract and see what happens; they'll probably charge me double)

And you enter the contract #, not your membership #, correct?

 

[dwg]

The Travelex plan covers all rooms booked with your DVC contracts for one use year for $99. That includes everyone registered in any DVC room booked with your membership. I got reimbursed for 5 flights for a medical condition a family member came down with several months before a trip a few years ago, and they reimbursed me for my MCO hotel and a pizza delivery when my flight home was cancelled during southwest's first meltdown in October 2021.

I'm generally wary of buying ANY type of extra insurance since most are basically scams, but $99 to cover that many expenses for an entire year of all my DVC contracts and often multiple 2-bedroom villas for 8 or more people, plus 2-3 solo weeks in a studio... and with how quickly and easily they paid my claims both times, I would honestly recommend this plan (depending on your situation, obviously).

Agreed. Overall not a bad policy compared to others.

TWENTY-ONE DAY LOOK: You may cancel this insurance by giving the Company or the Property Management Company written notice within the first to occur of the following: (a) 21 days from the Effective Date of your insurance; or (b) your scheduled Departure Date. If you do this, the Company will refund your premium paid provided no insured has filed a claim under this Policy
Extra Coverage
(when the insurance plan is purchased within 3 days of payment of the Insured’s billing statement for Maintenance Charges or the Effective Date of this plan is the date following the termination date of a previous plan purchased through the same Property Management Company)
• Pre-Existing Medical Condition Exclusion Waiver
COVID illness not excluded. Some policies exclude cancellation for COVID.

Here is the link to the policy terms for anyone who wants to dig deeper. displaydocument.ashx Had to put a state in to see policy (NJ for me)

 

[ScubaCat]

And you enter the contract #, not your membership #, correct?

I've always put my membership number where it says contract number since you only buy the plan once for all your contracts. I'm not sure it really matters, though; it's just a field that they'd use to match it up in the event you file a claim and there were a discrepancy. All I did was make sure the use year date and year was correct (february 1) and submit it for each use year. You then get a policy number back in a PDF via email. I used the policy number on the claim form, sent documentation of the DVC booking whatever I was asking for reimbursement for, and they approved the claim fairly quickly both times. (less than 2 weeks IIRC)

 

[MiaSRN62]

Whenever I take a trip using DVC points, I always get two types of insurance. Travelex insurance covers my DVC points. As OP mentioned, you buy Travelex insurance to insure each use year of your points. I use Travel Insured to cover any non refundable amounts I’ve pre paid for the trip. Years ago, my WDW trip using points had to be amended due to a winter storm that delayed my flight and would cause me to get to WDW two days after my reservation started. At that time, insuring your DVC points was new. DVC allowed me to change my reservation and I didn’t lose any points. However, they told me that was an exception they were making. Since they now had points insurance, if I didn’t purchase points insurance in the future and something similar happened I would lose my points. Ever since that day, I’ve always insured my points with Travelex and my money with another company. I’ve never had to do a claim with Travelex, but am hopeful things would work out if I did.

Very helpful info. Thank you!

 

[TraceybaxNC]

If Travelex is insuring trips per use year and you have banked points and current year points in play for the same trip, then you need to get 2 policies? Am I understanding that correctly?

For context we recently closed on a resale contract with 130 points that banked were from '21, 180 points avail from 22' and 180 points coming in June 23. We requested the 180 from '22 get banked so that we wouldn't risk losing them if we didn't close in time to bank them ourselves and thought 130 + 180 by May 31 might be hard to work into the schedule. The 130 gets used in April. I have a short trip in June, but working on a big trip for the fall and expect that will use the rest of 22' and some of the '23. If I'm right, it looks like I'd need to buy 3 policies this year for the various trips - and probably need to get on that shortly!

And Travelex is only for the points... we'd still need to have a separate policy from another company for things like park tickets, meal expenses, etc.

 

[Sandisw]

If Travelex is insuring trips per use year and you have banked points and current year points in play for the same trip, then you need to get 2 policies? Am I understanding that correctly?

For context we recently closed on a resale contract with 130 points that banked were from '21, 180 points avail from 22' and 180 points coming in June 23. We requested the 180 from '22 get banked so that we wouldn't risk losing them if we didn't close in time to bank them ourselves and thought 130 + 180 by May 31 might be hard to work into the schedule. The 130 gets used in April. I have a short trip in June, but working on a big trip for the fall and expect that will use the rest of 22' and some of the '23. If I'm right, it looks like I'd need to buy 3 policies this year for the various trips - and probably need to get on that shortly!

And Travelex is only for the points... we'd still need to have a separate policy from another company for things like park tickets, meal expenses, etc.

You buy a policy to cover each UY in the trip, But once bought, it covers all the points in that UY.

So, if your trips have points from 21, 22, and 23 UYs, then it is three policies.

 

[AnnaKristoff2013]

I really don’t see how it’s particularly cost-effective given that it only covers dues.