Travel Ins for awards tickets...

[lilant]

...so we are on a transatlantic(NOLA - BCN) next april and were LUCKY enough to get two o/w first class tickets (with miles) back home. can you insure award tickets? :confused: we only "paid" $66 each for tax, but the tickets if we had to buy them would be over $10,000 each.

[sirwired]

Some policies will cover airline fees to re-deposit FF miles into your account. You'll have to read the policies to be sure, or go through an insurance broker so they can comb through the policies for you.

[cruiseco]

...so we are on a transatlantic(NOLA - BCN) next april and were LUCKY enough to get two o/w first class tickets (with miles) back home. can you insure award tickets? :confused: we only "paid" $66 each for tax, but the tickets if we had to buy them would be over $10,000 each.

 

No, you can't insure the tickets. You can insure the $66 as that was an out of pocket expense and, as previously noted, some but not all plans will cover the cost of "re-banking" your miles if you have to cancel. Others will only do this if the cruise line cancels your cruise. Some won't help you at all. Here's one example from TravelSafe:

 

"Trip Cancellation : Benefits will be paid, up to the Maximum Benefit Amount shown in the Schedule of Benefits, to cover You for the unused non-refundable prepaid expenses for Travel Arrangements, including up to $150 for the cost of airline-imposed fees to rebank frequent flyer miles for air flights to join Your Trip when You are prevented from taking Your Trip due to . . . "

 

You're going to have to call the airline and find out how much of a fee they would charge you for the "re-banking", if any. Then when you've chosen an insurer you'll have to know if they require the amount of the fee to be included in the total trip cost you insure -- some do, some don't. If they do, and it bumps you up into the next highest premium bracket (let's say it will now cost you an additional $40 to insure against against a $150 fee) you may not want to insure them at all.

[6rugrats]

You can't insure what you didn't pay for. The cost of purchasing the tickets is irrelevant. If you cancel an award ticket before the flight, the airline refunds the taxes/fees. Your only loss is the fee you pay to redeposit the miles. I have been refunded this by Travelguard.

[lilant]

You can't insure what you didn't pay for. The cost of purchasing the tickets is irrelevant. If you cancel an award ticket before the flight, the airline refunds the taxes/fees. Your only loss is the fee you pay to redeposit the miles. I have been refunded this by Travelguard.

 

 

good point, thx everyone.

 

anthony