I never buy it. Vacation insurance is generally viewed as a rip off. Basically, just know the terms of your reservation and pay particular attention to the cancellation policy. Disney is very good about refunding your deposit and not charging you if a situation out of your control arises. One example would be the recent disaster in the North East. I have seen numerous examples of people who Disney allowed to cancel their reservations at the last minute due to the storm.
The only way I would ever buy vacation insurance would be if I was going on an expensive vacation overseas and it had a cancellation policy or terms that could beat me up pretty bad. For example, if I had to put a deposit down or guarantee the reservation with a credit card and it had a cancellation window greater than about a week or two. I figure that anything less than two weeks the odds of something coming up are pretty slim. It would pretty much have to be a medical type of situation.
However, it is up to you and what you are comfortable with so weigh the benefits and risks carefully. I would look at what the deposit or cancellation fee is and weigh that against the cost of the Travel Insurance. If a late cancellation will cost you say a $300 deposit and the Travel insurance costs say $200, whoopity doo; you might have a loss of $100 vs. saving $200.
I don't by travel insurance for our Disney trips, since even if you cancel at the last minute, you can get most (except $200) of your money back, or reschedule.
I figure that the travel insurance would cost the same as the cancellation penalty, and we already have medical coverage, etc through work.
I don't by travel insurance for our Disney trips, since even if you cancel at the last minute, you can get most (except $200) of your money back, or reschedule.
This is my philosophy as well.
1 Week at Wyndham Bonnet Creek 06/17/17 - 06/24/17; 1 Week at Orange Lake Resort 06/24/17 - 06/30/17; 1 week at OKW 12/03/17 - 12/10/17
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