Originally Posted by
rsteinmetz70112
Since the cancellation rate on most airlines is around 2% and most cancellations are due to extreme weather, I choose to self insure. That is I beleve I have saved enoght on the low cost fares I've taken over the years that if I eventually haveto buy a walk ip fare or a night on an airport hotel I'm still way ahead.
That only takes care of the out-of-pocket.
For many, time is money. Getting two nights at a hotel reimbursed is the least of their problems. Losing two days' work may be devastating. Missing a critical meeting may be devastating. On a personal note, missing the chance to see a dying relative is also devastating.
While some policies will pay for a new ticket, many either won't or cap that. When the last seat in full Y costs $1,500 vs. the $80 you paid and your insurance will only pay $500 to cover hotel, food, and purchase of a new ticket, you face either a large cash outlay or some real losses on the work front.
Worse, in IRROPS, carriers take care of their own disrupted pax first.