trip insurance for a pool villa

[KATIESMOMMY]

Can anyone explain how this works exactly? I went to insuremytrip.com but am a little confused how it works. First off can I insure it since its a house and not a hotel? Plus we will be driving in no flights. Do I put in total vacation costs with tickets and all or just the cost of the villa rental? tia!

 

[NancyIL]

The purpose of trip insurance is to cover you in the event of trip cancellation/interruption, baggage loss, and medical problems. Whatever non-refundable, prepaid expenses you would lose by cancelling the reservation for the house at the last minute (or by checking out early) is the amount to insure. While non-refundable, I would not insure tickets, because they can be used another time. Insurance is priced in $500 increments, so round up to the nearest $500.

**I personally buy insurance only for cruises. I've never booked a vacation package, but might insure that too - depending on the cancellation penalties. For regular lodging reservations (whether a hotel or a rental home), if the penalty is one night's stay, I would probably absorb that cost myself.

 

[sympatico]

Yes, you can insure a pool home. You need to do it when you make your first payment (within 48 or 72 hours depending on the company). I guess you could add the price of your tickets to it also. There's 11 of us going but DH and I are paying for the home so for us it was 1500 per person for the home cancel. ins. and the rest didn't get any at that time although they did for the flight later when we made the resv.

 

[deejay-55]

We always recommend travel insurance - just in case.

 

[KayR]

Vacation homes can be covered, but you should ensure that you have a written contract for your stay. If you look on the FAQ section of insure my trip, they have that on there.

Check the coverage that you get. For Florida, we have found the best company to be CSA travel because of their coverage for hurricanes in FL - a lot of companies do not include coverage for hurricanes.

Another thing to be aware of - a lot of companies will not cover for pre-existing conditions unless the policy is bought within a period of time from your first payment for the trip. Usually this timeframe is 14 days, but can vary.

--Kay

 

[NancyIL]

Regarding insuring WDW tickets: if they are part of a package and you don't actually take possession of the tickets until check-in - then yes, insure the amount of the whole package. But for a vacation rental where you are buying the tickets separately - I wouldn't insure the tickets. You can't make a claim for the cost of the tickets and at the same time keep them! Unused tickets never expire, so if the trip has to be cancelled, save the tickets for a future trip. They aren't likely to get cheaper down the road.

 

[4Seasons]

When purchasing trip insurance, they will only cover non-refundable portions of your trip that do not retain value. Air tickets and park tickets would still retain their value, but you would be able to recover the non-refundable portion of your villa rental.
Depending on the plan and coverage, it can also cover for supplier default (i.e. villa owner takes your money and runs, airline goes belly up, etc.) and pre-existing medical conditions if purchased within 15 days of trip deposit. You also get medical coverage, lost baggage coverage, 24-hour emergency assistance, etc. You can also get a rider for rental car coverage too.
It's always worth considering, especially if you have a large amount of money invested that is non-refundable, and especially for trips out of the country it's HIGHLY recommended.