Is it worth buying RCI's cancellation insurance?

[Keitht Super Moderator Find all posts View Profile Close Keitht]

, why should my trading power be diminished if I figure out next year that I can't manage a trip booked for 2008???

Why shouldn't it?? If you have booked an exchange now it is not available to anybody else. If your exchange is booked, say for June 2008, and you cancel in May 2008 why should you retain full trading power if you have done nothing to protect it?

[bigfrank Administrator Find all posts View Profile Close bigfrank]

With My II Nola Cancellation. I of coarse lost my exchange fee. I got my week back but since I have a great II rep, She was able to get me into a 2 bedroom in Aruba for the same time slot. Now this was with in a 30 day window so I am not sure if trading power had anything to do with the trade. I will say she worked hard to get me something that I would be happy with.

[chellej Senior Member Find all posts View Profile Close chellej]

I needed a 2 nd unit in hawaii so about 6 months out I booked a great week with one of my tiger traders. I purchased the protection. Since I know that there are usually a lot of weeks available on short notice, I kept searching and used a deposit that would have expired 8 months earlier than my tiger, was deposited at the last minute and had absolutely no trade power.

I booked the same resort that I had used my tiger trader for originally, cancelled the week I got with my tiger, got the $49 credit & got my tiger back & the trade power is un-diminished.

All in all it cost me an extra exchange fee but in the big scheme of things is worth it. I have an additional 8 months to book an exchange & may actually have a chance at a good exchange. I wouldn't do it every time but in this case I could justify it.

[I-DE-HO Senior Member Find all posts View Profile Close I-DE-HO]

No, I want to know what happens if you DON"T pay Protection... With II, I'm pretty sure that if you cancel w/in 14 days of checkin, you don't get a replacement week back. I'm wondering if RCI does the same, so that the insurance would make sense for a last-minute cancellation...

Avery,
IIRC, you DO get your week back on a short notice, say 14 days out, cancellation with RCI (without their 'insurance'). Won't be worth much though. You could also pay RCI an extension fee and extend it for 3 to 9 months (or something like that).

There are very few circumstances where it is viable to buy their ins. If had had an elderly parent who was not in good health I'd probably do it.

Phil