Posted August 22nd, 2007, 05:02 PM
Your decision to forgo insurance isn't necessarily "stupid." It's all a matter of how much financial risk you are willing to assume if something goes wrong and either prevents you from taking your cruise or results in catastrophic medical expenses that might not be covered by your existing health insurance.
We don't usually buy trip insurance at this point because we are willing to assume the risk of losing some portion or all of our cruise fare if we have to cancel after final payment has been made. More importantly, we have health insurance that covers us internationally, including the cost of medical evacuation to the United States from a foreign port.
When we do buy insurance, we have found that RCI's coverage suits our needs best because of the "cancel for any reason" coverage that will give us a 75% credit toward a future cruise if we cancel for an uncovered reason and because at our ages (50s) the policy tends to be less expensive than the competitors as RCI charges the same price (about 10% of the base cruise fare) for everybody.
Obviously, your risk tolerance, ages and other factors will likely be different from ours, but it's not always "stupid" not to purchase insurance. You need to do your own risk/reward analysis and then decide.
Not that you asked about any of that, LOL.
Yes, you can still purchase the insurance from RCI up until final payment. Pre-existing conditions (say you or a parent has a heart condition) won't be covered by the policy. From what I've read on CC, the other companies often allow 15 days from the initial booking to purchase coverage, which will apply to pre-existing conditions.
As for RCI going bellyup, RCI doesn't write the policy as they are not an insurance company - they contract it out (can't remember the name of the company). The policy does not cover cruiseline (or airline) insolvency, as I recall. I'm not sure that the independent companies' policies cover it, either, but haven't done sufficient research.
Good luck, welcome to Cruise Critic, and happy sailing!
Block Island Ferry 1965
Nordic Empress 4/95; Vision of the Seas 10/02, 5/03,1/06,11/07, 12/07, 11/08, 9/12; Splendour of the Seas 10/03; Monarch of the Seas 2/04, 12/04, 9/05, 6/06, 9/06, 1/07, 02/07, 04/07, 05/07B2B, 08/07, 11/07, 2/08, 03/08, 04/08B2B, 6/08, 7/08-2x,08/08x3, 9/08x2, 10/08, 6/09, 12/11; Radiance of the Seas 9/04, 9/07, 10/09B2B, 11/09, 4/10, 5/15, 04/16, 06/16B2B; Brilliance of the Seas 10/05, 9/12; Serenade of the Seas 10/06, 9/14, 12/14 2/15, 10/15; Jewel of the Seas B2B 11/06, 7/07, 10/11, 12/12x2, 1/13; 2/13, 12/13, 5/15, 9/15; Liberty of the Seas 5/07, 3/11, 11/11; Mariner of the Seas 3/08, 02/09, 04/09, 09/09, 01/10, 12/10x2, 01/11; Navigator of the Seas 12/11; Oasis of the Seas 11/09, 01/16B2B; Rhapsody of the Seas 2/10, 4/11, 5/13, 5/14; Allure of the Seas 11/10, 1/14, Quantum of the Seas 11/14 (86)
Star Princess 5/02, 9/02, 5/12; Diamond Princess 5/04,4/05,5/07; Sun Princess 5/05; Island Princess 05/06; Sapphire Princess 12/09, 3/13, 3/14, Golden Princess 10/13, 11/13 x3, 10/14, 11/14, 4/15, 7/15, Crown Princess 12/14, 1/15 Ruby Princess 2/16; (22)
Azamara Journey 12/08 Azamara Quest 05/09, 03/16 (3)
Carnival Paradise 2/09, 07/09, 8/09, 12/09, 3/10, 10/10, 2/11, 09/11 Carnival Inspiration 12/11, 2/12, 11/12, 3/13, 8/13 (13)
HAL Oosterdam 4/11 (1)
Celebrity Xpedition - a trip of a lifetime! 9/13 (1)