Travel Insurance for Total Trip Cost to Fully Refundable Mexico All Inclusive Needed?

Hello,

Looking for a little insight. We are celebrating our 25th anniversary in October in Mexico and have booked airfare (around $1,700) and have put down a card for reservations at an IC resort (around $6,700). I've never done travel insurance until last year when we went to Germany and I really didn't know what I was doing. When filling out the quote forms, we are being asked to fill out the cost of the trip and I don't know if I have to include the cost of the resort.

We have booked a fully refundable resort package and can cancel for full refund until the day before we leave. Plane tickets are business class and have some flexibility, but not entirely sure what that all entails. While I don't really want to lose the $1,600 in pane ticket money, I don't feel like we need to get insurance for the whole trip cost. I think we would really only need the medical insurance portion but I'm not positive. Maybe in order to get medical for insurance you still have to input total cost of trip?

If anyone can clarify a little bit, I would definitely appreciate your input. Bought the plane tickets and made resort reservation 7 days ago.

Thank you