Absolutely take the insurance. I know it seems like alot of money, and chances are you won't make a claim, but it is great peace of mind. There was a girl, I believe about 23yo on another board that I read about that probably wished she had the insurance. She was diagnosed with cancer and had to cancel her cruise (and a group of 10 others) and the cruise line refused to refund because she didn't have insurance. She said she felt because she was young and healty when she booked it that she wouldn't need it. Unfortunatly, she was wrong. You never know. I also heard a story about a 15yo that need to be airlifted because of a ruptured appendix(sp). I believe it was about $15,000 for that. I hope she had insurance.