So today I attempted to help get a refund for that trip ticket and first began by phoning the credit card company. I was informed that cancellation protection is perfectly valid in this case. However, to start the action the booking itself must be cancelled through the company first regardless if they will issue a refund or not. Then afterwards the credit card company would send a form that would need to be filled out.
Since there was a physical retail location for the travel agency nearby we decided just to go down there to cancel the ticket. The travel agent was then saying some bits about how next time maybe the person should buy the travel insurance option that allows things like cancellations incase of events like these. Interestingly enough, my family member began to agree that from now on he should start buying the insurance. It’s surprising as he is usually one to avoid things like extra travel insurance or extended warranties due to the low likelihood of actually having to use it. That made me then think, would one incident be big enough to convince you to change your spending habits?
A more common example would be for like a $500 TV where normally you would always avoid it as an extra $80 as an example is quite a bit of money. Combine all the other things you would buy usually and these extra insurances can really add up. But if one day you had one item breakdown where you of course had no choice but to get a new item is that enough to convince you to start buying extra insurance on everything?
That is so hard to say. But generally speaking for things like electronics I usually skip the extra insurances as the odds of never having to use them seems greater to the point where even if I did have an item break down all those years of not getting the warranty probably left me with more saved money. In that sense, buying a brand new item actually costs less.
Things like your health or life insurance would be a little different as I am sure the peace of mind is probably something you need if it was a crazy incident like your house catching on fire where before you had no fire insurance. And you wonder why things like fear tactics work in marketing huh?
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