and purchases it as well. (I have a toddler and won't risk having to cancel at the last minute and lose $$$$)
(1) Find out what type of cancellation is covered. Is it illness or injury to anyone in your party? Does it cover your immediate family? (If Mom or Grandma got really sick, would you still go?) What about jury duty? Terrorism? Etc.........
(2) Does anyone in your party have a pre-existing condition? If so, can you still get insurance?
(3) Are you travelling with kids? Kids are very prone to becoming ill at very inopportune times.
(4) Do you have airline tickets as part of your package? These become "reimbursable" if you have insurance. Otherwise, they are yours to keep. And use on a different trip. Anywhere that particular airline flies. They will only charge you and additional $100 per ticket as a change fee and the difference in the airfare. Not a great option.
(5) Read the brochure on the insurance. It should explain all of the above to you, and the limits. (Lost baggage, trip delay, etc are also included.)
I strongly suggest it with kids. Up to you otherwise.
Good Luck!
iluvtig