Trip insurance when paying with points

Discussion in 'Disney Cruise Line Forum' started by chieften, Sep 15, 2003.

  1. chieften

    chieften Earning My Ears

    Apr 7, 2003
    I'd like to know how people have handled trip insurance when paying with points rather than cash. Is it a DVC proposition only since many insurance companies base the premiums on cash value? We are cruising 11/1 and any help would be appreciated. Thanks
  2. floridaminnie

    floridaminnie Enjoying life one adventure at a time.

    Mar 4, 2002
    We always went with the insurance company whose pamplet was included with our DVC ressie. We've bought throught them for our cruise (part DVC points part cash) and for a week we spent on Vero Beach on points. We insured our points and cash along with the health insurance type of stuff. (Don't know the official name.)
  3. cherylp3

    cherylp3 Florida Resident

    Jul 15, 2000
    I've seen other posts in the DVC board where those have said its about $5 per point.

  4. dianthus

    dianthus <font color=990099>No wonder she wants to trade th

    Mar 2, 2001
    Hi! The name of the company is Travel Guard International. They have a special program for DVC members to insure the value of the points used for a trip. It's their "P1" plan.

    Here's the info off the sheet I received:

    "The reimbursement amount is calculated by multiplying the # of points used for the reservation by $5.00. The premium is determined by multiplying the reimbursement amount by 5%.
    Example - 150 DVC points X $5= $750
    $750 X 5% = $ 37.50- min premium is $29

    Air & Medical are separate. Call Travelguard at 1-866-690-6858 for an exact quote. Must be purchased prior to the start of DVC's penalty period.

    The $ value of the cruise in points will look low in comparison with cash prices. I think this is what DVC actually pays DCL for the cruise. Then they rent out your DVC points to outside guests to recoup the monies.

    Hope this helps!

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