Trip insurance/points reservation

[mrsswat]

Does trip insurance cover points lost if trip is cancelled? Do reservation points go back into your account?

 

[erionm]

Does trip insurance cover points lost if trip is cancelled? Do reservation points go back into your account?

AFAIK, the only insurance that covers point reservations is the TravelEx product sold through DVC. The TravelEx insurance only reimburses the maintenance fees on the points used and you forfeit those points. It will also cover other non-reimbursable expenses.

 

[MyDogTink]

If I buy insurance for resale points and I’m insuring points from the UY that occurred during the sale and I reimbursed the seller for MFs, what evidence do I submit to TravelEx? I don’t have a MF bill from DVC member services.

 

[bholbert81]

I guess it depends on the size of the trip if its worth it. If you are spending 100+ points its probably worth the cost especially if going during hurricane season. Although Disney rarely closes for weather haha.

 

[jekjones1558]

I guess it depends on the size of the trip if its worth it. If you are spending 100+ points its probably worth the cost especially if going during hurricane season. Although Disney rarely closes for weather haha.

Just to clarify: The $99 Travelex insurance through DVC covers all the points in a given contract for a given use year for the entire year, no matter how many reservations those points are used for.

 

[TraceybaxNC]

Just to clarify: The $99 Travelex insurance through DVC covers all the points in a given contract for a given use year for the entire year, no matter how many reservations those points are used for.

So I think this answers the question I was going to ask but let me know if you think I am drawing the wrong conclusion. This is our first year with a second home resort. Seems we need a different travelex policy for each group of points because each is really a separate contract even though in same account/titled the same way with same use year. …and regardless of if a reservation is using points combined from each.

 

[jekjones1558]

So I think this answers the question I was going to ask but let me know if you think I am drawing the wrong conclusion. This is our first year with a second home resort. Seems we need a different travelex policy for each group of points because each is really a separate contract even though in same account/titled the same way with same use year. …and regardless of if a reservation is using points combined from

Well I should have stated that better. The $99 covers all contracts with the same use year. I used to have 1150 points in multiple contracts, at 2 different resorts. Because those 1150 points were all in an October use year, I only paid $99 to cover them all for a calendar year. If your contracts have different use years then you need separate $99 policies for each use year.

 

[CarolMN]

So I think this answers the question I was going to ask but let me know if you think I am drawing the wrong conclusion. This is our first year with a second home resort. Seems we need a different travelex policy for each group of points because each is really a separate contract even though in same account/titled the same way with same use year. …and regardless of if a reservation is using points combined from each.

The insurance covers a Membership, so if the contracts are all in the same membership, all are covered. If you have more than one membership, you would need to buy the insurance for each membership. For example, if you have two different use years, you would have two membership numbers. Or anther example, if you have one contract with your spouse and another with just yourself, each would have a separate membership number.

 

[MyDogTink]

So I think this answers the question I was going to ask but let me know if you think I am drawing the wrong conclusion. This is our first year with a second home resort. Seems we need a different travelex policy for each group of points because each is really a separate contract even though in same account/titled the same way with same use year. …and regardless of if a reservation is using points combined from each.

Yes, that’s correct. Kind of a deterrent for multiple UYs or home resorts. And to go further, insurance is for the use year. If you are using banked and current points then I believe you need two policies - one for the points in each UY.

 

[TraceybaxNC]

Well I should have stated that better. The $99 covers all contracts with the same use year. I used to have 1150 points in multiple contracts, at 2 different resorts. Because those 1150 points were all in an October use year, I only paid $99 to cover them all for a calendar year. If your contracts have different use years then you need separate $99 policies for each use year.

Thank you! The .0 and .1 at the end of the contract number on each had me questioning if they were counted separately even in the same membership

 

[TraceybaxNC]

Yes, that’s correct. Kind of a deterrent for multiple UYs or home resorts. And to go further, insurance is for the use year. If you are using banked and current points then I believe you need two policies - one for the points in each UY.

Yes, definitely seemed like the policy is use year specific. So then I do need a separate ins policy for the OKW points and the VGF points. Thanks!

 

[jekjones1558]

Yes, definitely seemed like the policy is use year specific. So then I do need a separate ins policy for the OKW points and the VGF points. Thanks!

Unless they have the same use year...

 

[CarolynFH]

Yes, definitely seemed like the policy is use year specific. So then I do need a separate ins policy for the OKW points and the VGF points. Thanks!

As Jean says, if the OKW and VGF points are in the same Membership (same UY, same owners), you only need one policy.

Thank you! The .0 and .1 at the end of the contract number on each had me questioning if they were counted separately even in the same membership

The .0 and .1 distinguish the individual contracts. Those numbers have nothing to do with different memberships. For example, we have two BWV contracts, .0 and .1, but only one membership.

Edited to add - if you use OKW and VGF points from the same UY, you need one $99 policy. If you use OKW points only, but they come from two UYs, you need two $99 policies.

 

[DisTravels]

If I buy insurance for resale points and I’m insuring points from the UY that occurred during the sale and I reimbursed the seller for MFs, what evidence do I submit to TravelEx? I don’t have a MF bill from DVC member services.

If you have a rental contract - that's the first thing I would request to be reimbursed for - as that is a hard expense. Otherwise, if they will only reimburse maintenance fees and you are a DVC owner - then your MF invoice relative to number of points may suffice.

 

[skier_pete]

I think folks covered it pretty well, but the TravelX insurance offered through the member website DOES cover your points, but it doesn't let you refund the points, it will only pay you your dues back on points you might lose. As others have said - one insurance purchase will cover all the points of a specific use year on a specific membership - this can cover across several contracts that are all on the same membership. For instance, I have two AKV contracts and my VDH contract all under the same membership. The purchase of the trip insurance for my December 2024 use year would cover any POINTS that are from that use year. It doesn't cover STAYS in the UY that use points from other use years, so if you need insurance for trips using multiple use years of points, you need to purchase insurance for each Use Year.

Example: Let's say I planned a trip in January 2025, and I had 20 points leftover from my December 2023 UY and 180 points from December 2024 UY for the reservation. I could buy insurance on the 2024 UY points and cover those 180 points, but ignore the 2023 UY points and just accept the risk of losing those 20 point, or I could buy a second insurance on the 2023 UY points.

Note the Travelex insurance does cover more than just your points, as it still covers normal travel things like air-fare and such as well. It should be noted that any other insurance you might buy will NOT cover the loss of your points, even if the insurance includes hotel stays. The reason is that your points are actually a value of deeded property - and most insurance policies will not cover that for vacations, which is why in the case of DVC it is important to buy the insurance through the website.

 

[SL6827]

Wish more companies would cover the cost of renting DVC points.

 

[VGCgroupie]

So if you are using banked points how do you purchase for a prior UY?

If your UY is Dec and you purchase in July you still pay $99 for the remaining 6 months?

I’ve emailed them with questions but they don’t respond.

 

[erionm]

So if you are using banked points how do you purchase for a prior UY?

If your UY is Dec and you purchase in July you still pay $99 for the remaining 6 months?

I’ve emailed them with questions but they don’t respond.

The simplest way to purchase is to call Member Services as they can answer any questions.

And yes, even if you purchase part way through a UY, you will pay the full amount to cover any remaining points in that UY.

 

[VGCgroupie]

The simplest way to purchase is to call Member Services as they can answer any questions.

And yes, even if you purchase part way through a UY, you will pay the full amount to cover any remaining points in that UY.

Thanks!