I just got off the phone with membership services regarding the cancellation policy. Due to the war and travel concerns she indicated Disney is waiving all penalties for cancelling reservations. I was floored when they told me this. However, this is subject to change at any time. The reason for this is due to people being scared to travel at this time. So from what I was told, if you cancel now your points now or the day before your reservation then they would go back into your account as they were before you made your reservation. I called regarding this because I wanted to purchase travel insurance for my upcoming trip in May and this is what I was told. I asked her if they think this will change any time soon and she said she was unsure. But, they don't expect it to change until the war is over (or at least that is what she said) or until travel concerns subside. So I don't think it will be necessary for me to purchase travel insurance due to this. Please let me know if anyone has heard different.