Trip insurance when using DVC points

[stampinot]

We are taking a cruise this summer. We used 3 years of points and you need to purchase trip insurance based on the how many years you use. It is expensive. Does anyone know if we could purchase trip insurance outside of Disney? If so where?
Thanks

 

[erionm]

The insurance thru DVC is $89 per UY.

 

[DebbieB]

We are taking a cruise this summer. We used 3 years of points and you need to purchase trip insurance based on the how many years you use. It is expensive. Does anyone know if we could purchase trip insurance outside of Disney? If so where?
Thanks

The problem is finding an outside travel insurance co that will recognize the dollar value of points. DVC just gives you the dues money back.

 

[stampinot]

The insurance thru DVC is $89 per UY.

DVC quoted me on the phone because we used 3 years worth of points, which is alot for the 3 of us.

 

[erionm]

As Debbie said, you will have trouble finding a company that will insure your points. The plan thru DVC covers all trips booked using those points (that the fee is paid for) and all persons on the reservations are covered also.

Description of Coverage can be found here: http://advc.disney.go.com/media/dvc...ionplanning/travelex/DVC_Travelex_Info_V2.pdf

 

[disneybaker]

Travelexinsurance was a waste of money, tsa broke out stroller travelexinsurance would not cover it

 

[disneyfan1992]

The plan thru DVC covers all persons on the reservations are covered also.

Description of Coverage can be found here: http://advc.disney.go.com/media/dvc...ionplanning/travelex/DVC_Travelex_Info_V2.pdf

I have a question about "covers all persons on the reservations"...

I read the description on the website link and the way that I read the terms & conditions, it only applies to defined family members and/or traveling companions staying in the same room.

2 potential problems I see (maybe)... what do you think?

1. We are traveling with my cousins, who are the DVC members. So we do not fit the defintion of family.

2. We booked a dedicated 2 bedroom room on 1 reservation. Policy says we must share a room. Cousins staying in 1 room with king bed and we (family of 4) sleeping in queen bedroom.

So would we be covered on the policy or not?

Family Member includes your or the Traveling Companion’s dependent, spouse, child, spouse’s child, son-daughter-in-law, parent(s), sibling(s), brother-sister, grandparent(s), grandchild, step brother-sister, step-parent(s), parent(s)-in-law, brother-sister-in-law, aunt, uncle, niece, nephew, guardian, Domestic Partner, foster-child, or ward.

Traveling Companion means a person up to 12 persons whose name(s) appear(s) with you on the same Covered Trip arrangement and who, during the Covered Trip, will accompany you in the same room, cabin, condominium unit, apartment unit or other lodging.

 

[CarolAnnC]

For DCL cruises that we have booked on points, we go to Insuremytrip.com

We typically will take only Medical Evacuation and/or Medical insurance. There is some coverage for luggage, etc. included in some policies. They have all the choices of companies you can compare on a graph. We like the site.

If you have questions, you can call them, which I did. We do not insure our points, though in these cases. Take a look and see if any policy might fit your needs there.

 

[Anal Annie]

We once booked back-to-backs by doing a 4-night cruise on points sad2: never again) followed by a 3-night cruise on cash. We could not find travel insurance outside of what DVC offered to insure the points portion. It's a timeshare so most outside insurers will not insure timeshares. We now only pay cash for our cruises and I always insure them. I insured our entire trip to Europe with our DCL Med cruise 2 summers ago as it was like a $10K trip. I think I used insuremytrip.com. I typically don't insure our trips to WDW tho. I have not planned for insurance yet for our trip this summer to DL and Hawaii. Not sure that I will either since it will only cover the points portion & I would have to insure our airfare separately....I haven't priced anything out yet for this summer as we are using 1 full year and 60 pts. that were banked - not sure how that would work with the DVC insurance to mix in just a partial year.

 

[BirdsOfPreyDave]

I have a question about "covers all persons on the reservations"...

I read the description on the website link and the way that I read the terms & conditions, it only applies to defined family members and/or traveling companions staying in the same room.

2 potential problems I see (maybe)... what do you think?

1. We are traveling with my cousins, who are the DVC members. So we do not fit the defintion of family.

2. We booked a dedicated 2 bedroom room on 1 reservation. Policy says we must share a room. Cousins staying in 1 room with king bed and we (family of 4) sleeping in queen bedroom.

So would we be covered on the policy or not?

Family Member includes your or the Traveling Companion’s dependent, spouse, child, spouse’s child, son-daughter-in-law, parent(s), sibling(s), brother-sister, grandparent(s), grandchild, step brother-sister, step-parent(s), parent(s)-in-law, brother-sister-in-law, aunt, uncle, niece, nephew, guardian, Domestic Partner, foster-child, or ward.

Traveling Companion means a person up to 12 persons whose name(s) appear(s) with you on the same Covered Trip arrangement and who, during the Covered Trip, will accompany you in the same room, cabin, condominium unit, apartment unit or other lodging.

I'm not a lawyer, but it sounds as if you'd be covered. A DVC two-bedroom is considered a single unit when booked as such. Since your name will be listed on the reservation, you don't need to have a direct family relationship to the owner. You're considered a covered traveling companion.

Only a notional amount of the value of the points is covered (the annual dues). When you have a reservation that included points from multiple use years, it does get expensive if the member didn't plan to purchase the insurance every year anyway.

I used to purchase the insurance through DVC every year. However, I've recently stopped doing it because I realize now how little added coverage I was actually getting from those expensive policies.

I always book my flights with our Disney Visa card, which has a Disney Signature logo on it. The free travel coverage offered through Visa Signature cards includes a lot of the same items that are covered by DVC's insurance -- loss of luggage, travel delays, medical, etc. The Visa doesn't cover anything related to points, and coverage is also limited to the travel period instead of the entire vacation, though. Using the same card for my rental cars also gives me full coverage for those. So what I'm really losing by not buying DVC's policy is medical coverage for non-travel days and any reimbursement for lost points. I figure between my homeowner's policy, auto policy, medical insurance, and Visa Signature, I have enough coverage to be comfortable with declining DVC's supplemental coverage. At $87 a year for 20+ years, even if I do have to pay something out of pocket some day, I'm still going to come out ahead.

Now, if I was paying cash for a cruise, I would absolutely look at the insurance. (DVC coverage for a cruise is a moot point for me because you won't find me ever using points for a cruise or Disney collection stay. The exchange rate is just too high.)