I always just click NO so never really thought about this.

Does the Alaska Airlines Visa have travel protection? I know the Amex I use for MOST of my trips on AS does. However, with the stipulation that if you are using a Companion Fare means you MUST use your AS Visa to purchase the tickets, I wonder if that would change things?

I have enough status on my hotel choices that even if I'm past the XL deadline, they let me cancel. And as long as I cancel my AS flight before take-off it goes back into my wallet. I'd say even with a companion fare I'd say no.

This reminds me when I first started traveling in the early 70's (yes, I'm that old). We would ALWAYS buy those insurance policies from the vending machines in the airports. They were mostly for death (IIRC) but we were so superstitious that we "knew" they were keeping our plane from crashing.