Crazy Cheap Pricing for Princess Vacation Insurance (PVI)

[patrickmoran]

We have a cruise booked for January.  Some of our Future Cruise Credits from a cancelled cruise were used to pay the cruise fare. I decided to check on the PVI and the price was $39 pp for the Platinum Plan. We're Elite so we get that plan at the standard price. Our cruise fare before the FCCs being applied was $2500+ pp. I think it's an anomaly caused by the FCCs causing the cruise fare to go to $0 (was over $200 pp). Normally I don't buy the insurance until final payment is made but jumped on that puppy.  Not much at risk and lots of upside.

[PlopPlop]

Thank you for posting this. We booked a cruise last week (using FCC from cancelled 4/4/20 sailing) and the price then for three people was over $500. I declined at the time but looked last night after reading your post and was able to book at the $39 pp for the platinum. 
After the FCC applied, we still owe $1400 as we decided to get a suite this time. 
 

Thank you for the heads up! 👏😁

[awhcruiser]

Delete

Edited April 28, 2020 by awhcruiser

[cherylandtk]

Just remember that low-cost Insurance is essentially covering only your medical part of the insurance coverage (which are a very low limit in the Princess plans).  And you surmised correctly, it’s because your actual cruise cost is zero.
 

FCCs are not insurable, and are not cash, so if you have to cancel your cruise, you do NOT have cancelation coverage in the usual sense.  If those FCC credits have not expired, it may be possible to re-use it, but that would be up to Princess. But you will not get their value refunded by insurance or re-issued as new FCC  if you cancel.  Been there, done that.

[patrickmoran]

good to know when we're coming up on final payment

[gerig]

On 4/28/2020 at 2:05 PM, cherylandtk said:

Just remember that low-cost Insurance is essentially covering only your medical part of the insurance coverage (which are a very low limit in the Princess plans).  And you surmised correctly, it’s because your actual cruise cost is zero.
 

FCCs are not insurable, and are not cash, so if you have to cancel your cruise, you do NOT have cancelation coverage in the usual sense.  If those FCC credits have not expired, it may be possible to re-use it, but that would be up to Princess. But you will not get their value refunded by insurance or re-issued as new FCC  if you cancel.  Been there, done that.

My cruise cost was $500 total due to a great casino deal but they wanted $89 person.  If I cancel I get a $300 refund as $200 was for an upgrade but $160 is crazy I can do better

[land lover]

On 4/28/2020 at 11:05 AM, cherylandtk said:

Just remember that low-cost Insurance is essentially covering only your medical part of the insurance coverage (which are a very low limit in the Princess plans).  And you surmised correctly, it’s because your actual cruise cost is zero.
 

FCCs are not insurable, and are not cash, so if you have to cancel your cruise, you do NOT have cancelation coverage in the usual sense.  If those FCC credits have not expired, it may be possible to re-use it, but that would be up to Princess. But you will not get their value refunded by insurance or re-issued as new FCC  if you cancel.  Been there, done that.

 How about trip interruption? Wouldn't you be picking up your flight home with no cash down?

Memories of SoAm...and SNA in SA

Edited May 1, 2020 by land lover

[cherylandtk]

6 hours ago, land lover said:

 How about trip interruption? Wouldn't you be picking up your flight home with no cash down?

Memories of SoAm...and SNA in SA

Trip interruption coverage is also based on actual trip cost; so if the entire fare is covered by FCC and the actual cost is zero, then trip interruption coverage is at zero.

That includes return airfare costs, unless you are able to rebook or use your original flight (sometimes possible with EZAIr).

 

Medical coverage on trip, Trip Delay, Repatriation and Baggage Loss/Delay are specific amount limits so would not be minimized by the zero (or low) costs of the cruise. 

Edited May 2, 2020 by cherylandtk