Trying to re-re-schedule a trip - and it's challenging...!

[DandyDon]

I'd buy trip insurance during hurricane season, but I don't most of the time for Cozumel trips. The cost of the trip isn't high enough. But when I went to Galapagos- trip insurance for sure.

If you book your hotel with cancellation options, the plane ticket cancellation fees are up to $250 now - assuming you can use the remainder within a year, but there are free changes during hurricanes. Extra nights, delayed or lost luggage, etc., most risks are rare and/or you can get relief from your homeowners, etc. It's all a matter of opinion and risk assumption, I know - just don't whine when you lose.

I take it mainly for the medical coverage as mine doesn't cover international needs, and the rest is gravy. In my younger years, I traveled all over the Caribbean with no coverage at all, had few problems, and never had to beg for help. Pick & chose...

(Now dive insurance- you'd be a fool not to have it. But for most people the expected value of the pay-out is less than the cost of carrying it. Insurance wouldn't be offered if that wasn't true.)

Again, the risk is really small. There's a hundred bucks a year for something I'll probably never use - but I take it. It is nice that most dive insurance plans will provide emergency medical evacuation even for non-diving problems.

 

[ggunn]

Yeah, it's cheaper overall to self insure, not buy - for your house and cars as well.

Um, no. The cost of missing a vacation is limited to what you have paid for it and the incidentals aren't killer expenses. The cost of a car accident or a house fire can be far more than the sum of your premiums, and if someone is hurt or killed, fuhgeddaboudit.

 

[DandyDon]

Um, no. The cost of missing a vacation is limited to what you have paid for it and the incidentals aren't killer expenses. The cost of a car accident or a house fire can be far more than the sum of your premiums, and if someone is hurt or killed, fuhgeddaboudit.

That's not all that trip insurance covers. The one I buy has $100,000 medical, $1,000,000 emergency medical evacuation and return of remains, $25,000 non-medical emergency evacuation, and several more benefits. If your medical coverage include international coverage (again, the main reason I buy), and all of your family is on your DAN dive insurance which provides for some non-diving evacuation benefits - then you may well not find the additional benefits appealing. As I mentioned above, if you book your hotel & diving with cancellation options, then you have little risk other than plane ticket penalties for cancelling. It can be different if you'd bought a vacation package or liveaboard, or needed medical coverage, etc.

We have several vehicles we only cover for liability, not actual losses, and several buildings not covered. I am probably dropping insurance on one house next time. It's this vs that...