buying trip insurance

[ijack]

We're going to Mexico with my entire family in January. We're renting a house together and each paying a 3rd (3 families) I think. When buying trip insurance what should I look for? The house has a "no refunds, reschedule only" policy so should I look for coverage that encompasses the whole cost of the house or just our portion? Let's say our portion is $5k - does each of us need a policy with at least a $5k trip cancellation limit or do our limits need to add up to $5k? How does it work with the kids involved (we have 2)? I've never purchased trip insurance before so I'm really lost.
Thanks!

[starryfish]

I would just get trip insurance to cover your portion. When you go to the website it will ask you total cost of trip and then ages of travelers. And by total cost, I mean your family's portion. Go to one of the sites that gives you lots of options to pick from.

[Norticprincess]

Www.Squaremouth.com www.insuremytrip.com

You can do the quotes by total trip cost. Since it is non refundable - some of them require you to submit the invoice showing the total cost and you need to have insured the entire non refundable part if you make a claim. You have to read the policy info for the ones you are looking at buying. You can call the CS for the policies you are looking at and see if you have to do the whole house or just the portion you paid. They are usually very helpful. Or everyone can go in on a single policy(3 families) Read and discuss with your family. The adding the kids to a parent trip doesn't normally change the cost much if you've got a single trip cost. Things go up when you start doing per person costs airfare, cruise fare, etc.

[scout8]

I would also make sure to get medical coverage. That is the most important part to me. I want to make sure I have med evac coverage if I got really sick or injured.