hartskys Posted July 20, 2015 #1 Share Posted July 20, 2015 We are looking at Nationwide Insurance and they have some nice coverage with their policies. Does anyone know if they would cover airline tickets purchased with points? We also have United Explorer Credit Card and wondered if they also cover the tickets. We don't have a lot of points and if something would happen we don't want to loose them. Any help would be greatly appreciated. Thanks Link to comment Share on other sites More sharing options...
klfrodo Posted July 21, 2015 #2 Share Posted July 21, 2015 (edited) Flights purchased with miles and/or points have a $0 cost, therefore they have no insurable value. However, so insurance policies will pay any fees imposed to rebank the miles if the trip is not used. Edited July 21, 2015 by klfrodo Link to comment Share on other sites More sharing options...
hartskys Posted July 21, 2015 Author #3 Share Posted July 21, 2015 Does anyone know which insurance companies pay to rebank points? I looked through the policy for Nationwide and couldn't find anything that mentioned it so I emailed them to see what they say. Link to comment Share on other sites More sharing options...
sirwired Posted July 21, 2015 #4 Share Posted July 21, 2015 I don't know off the top of my head... But one thing bears pointing out. If you are stranded and trying to get home, DO NOT purchase your new return ticket with points (unless you bought the original flight that way for the same number of points); you won't get reimbursed for them. Link to comment Share on other sites More sharing options...
klfrodo Posted July 21, 2015 #5 Share Posted July 21, 2015 Does anyone know which insurance companies pay to rebank points? I looked through the policy for Nationwide and couldn't find anything that mentioned it so I emailed them to see what they say. Wont the airline whose points you are using offer insurance at a reasonable cost to rebank the miles at the end of the on line transaction? Link to comment Share on other sites More sharing options...
FLACRUISER99 Posted July 21, 2015 #6 Share Posted July 21, 2015 (edited) Does anyone know which insurance companies pay to rebank points? I looked through the policy for Nationwide and couldn't find anything that mentioned it so I emailed them to see what they say.Allianz is what i used http://www.allianztravelinsurance.com/online/ppc/lp/flight/11984/?_vsrefdom=&keyword=&gclid=Cj0KEQjw27etBRDA3-ux4p3c58EBEiQAkJzTABvMhVkq2TbDLtilAMgrt3obR5hhz4-OZsEvP9g8b4saApbK8P8HAQ Edited July 21, 2015 by FLACRUISER99 Link to comment Share on other sites More sharing options...
Flatbush Flyer Posted July 23, 2015 #7 Share Posted July 23, 2015 Wont the airline whose points you are using offer insurance at a reasonable cost to rebank the miles at the end of the on line transaction? If you used a credit card like United Airlines Explorer Visa to pay whatever fee went along with the "miles for a ticket" purchase, your rebooking fee should be recoverable. Link to comment Share on other sites More sharing options...
sef246 Posted July 31, 2015 #8 Share Posted July 31, 2015 Gary and Linda, I am also comparing prices on Cruise Travel Insurance for a trip in February, 22016 , and, thus far, Travel Insured ((800) 243-3174) will reimburse fees incurred to re-bank your airline miles, and I have also found that they are fairly reasonable. We're neighbors, Sandy from PA Link to comment Share on other sites More sharing options...
Rare ghstudio Posted August 7, 2015 #9 Share Posted August 7, 2015 Flights purchased with miles and/or points have a $0 cost, therefore they have no insurable value.However, so insurance policies will pay any fees imposed to rebank the miles if the trip is not used. Actually they do have a cost. Citibank issued 1099 tax forms for points given as part of a promotion to open bank accounts...and the recipient had to pay tax on the value (about 3 cents a point). Additionally many airlines allow you to buy points so that establishes a cost for the points. A few years ago, we were on a celebrity ship that broke down and the cruise was cancelled. As part of the compensation, Celebrity reimbursed passengers for the cost of the airfare to join the cruise in Barcelona. In our case, we had used air miles...however we demonstrated to Celebrity that the cost of the miles was $750 each based on buying the miles back...and they sent us a check for $1500. Link to comment Share on other sites More sharing options...
Alaska05 Posted August 12, 2015 #10 Share Posted August 12, 2015 Actually there are taxes that are paid on Frequent Flyer tickets. We have FF tickets to Australia for March 2016 and the taxes came to $252 for the 2 of us. I would think this could be included in the cost of the trip. Right? Link to comment Share on other sites More sharing options...
trvlgirl65 Posted August 15, 2015 #11 Share Posted August 15, 2015 We are looking at Nationwide Insurance and they have some nice coverage with their policies. Does anyone know if they would cover airline tickets purchased with points? We also have United Explorer Credit Card and wondered if they also cover the tickets. We don't have a lot of points and if something would happen we don't want to loose them.Any help would be greatly appreciated. Thanks We have always gone with Steve at the trip insurance store, and there were two companies that will either book you on a flight, or have your miles rebanked. We went through this a couple years ago and it could have changed by now. He seems very knowledgeable and he suggested the two that did. Link to comment Share on other sites More sharing options...
caa Posted August 17, 2015 #12 Share Posted August 17, 2015 Actually there are taxes that are paid on Frequent Flyer tickets. We have FF tickets to Australia for March 2016 and the taxes came to $252 for the 2 of us. I would think this could be included in the cost of the trip. Right? Government imposed taxes are generally refundable, even on non-refundable tickets, so you get those back from the airline, not the insurance. You have to ask for the refund though; the airlines just pocket the $$ if you cancel and don't ask. Fuel surcharges and other airline imposed mandatory fees are a sneaky way for the airline to avoid commissions and taxes and they are not refundable, so you can claim those costs from your insurance. Your $252 probably includes some of both. Link to comment Share on other sites More sharing options...
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