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Travel Protection?

I've been looking into booking my honeymoon with a travel agency.  She is pushing travel protection.  I figure it's kind of like service plans on electronic problems: the sales staff get lots of commission for it, and customers rarely end up using it.

What are your thoughts on it?  Is it worth $300?  Obviously there's no way of knowing if some disaster will hit us around our honeymoon time...but I just don't see us needing it.
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