US Airways Dividend Miles (Pre-FlightFund Merger) - AwardGuard

Despite it's imperfections I've decided that it's time...

Some coverage is better than none at all. The situation is looking really, really ugly.

That thought's been on my mind alot lately. I've got 465K miles accrued and feel like I'm at the poker table wondering whether to "hold 'em or fold 'em."

Would awardguard protect two qantas business class award tickets? I burned most of my miles doing this and don't want that trip cancelled. I'd be willing to pay the fee that awardguard charges for this piece of mind. Or am I SOL if US files chapter 7? Can't save my miles or my flight?!??!

WOBBLY KNEES!

(It's all last minute posturing stuff. One party holds all the cards; the other parties know it. Everyone is just playing to their constituency. Yes it's ugly--I feel for the US Airways Employees--but the tactics don't change the reality: if you are in the airline industry these days, you don't have many bargaining chips.)

I finally signed up for awardguard tonight as well. After reading the board the last couple of days I thought it wise to buy some insurance for the 300,000 miles I've got in the bank. I still have hope that USAirways will stay afloat but the management just doesn't get it!

I'm getting close.

Despite frustration with the process, even $7,500 worth of tix for the annual fee is probably worth the piece of mind.

Forgive my ignorance of AwardGuard but aren't miles "non-transferable" or I am just living in another planet? What service does AwardGuard provide?
Thanks,

G

All I'm getting out of all this is

DIARRHEA

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Gandalf:
Forgive my ignorance of AwardGuard but aren't miles "non-transferable" or I am just living in another planet? What service does AwardGuard provide?
Thanks,

G</font>

Oddly enough, try www.awardguard.com (http://www.awardguard.com)

I signed up tonight as well. $119 is less than the cost of an E-Saver for the piece of mind that if US disintegrates and takes my 500K miles with them, then at least I'll get $7500 in tickets instead of nothing at all. If US stays alive, or somehow my miles stay alive without US, then oh well...I've got the coverage for a year just in case. It's a risk you take with insurace, and at this point I figure why the heck not. http://www.flyertalk.com/forum/rolleyes.gif Even if Friday isn't the end, with management the way it is, I'll feel a tad safer over the coming months.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by TravelScholar:
I signed up tonight as well. $119 is less than the cost of an E-Saver for the piece of mind that if US disintegrates and takes my 500K miles with them, then at least I'll get $7500 in tickets instead of nothing at all. If US stays alive, or somehow my miles stay alive without US, then oh well...I've got the coverage for a year just in case. It's a risk you take with insurace, and at this point I figure why the heck not. http://www.flyertalk.com/forum/rolleyes.gif Even if Friday isn't the end, with management the way it is, I'll feel a tad safer over the coming months.</font>

Exactly. I've got a little less than a million miles at risk (counting awards that haven't been flown yet...) Obviously that won't all be covered if things fall apart -- but something is better than nothing.

(Try as I might I just can't burn them faster than I earn them...)

For those still looking to buy the AwardGuard, remember that you can use milepoint.com and have some of your DM pay for a portion of it. You can get 2 years worth of "coverage" for $107 and 5,350 miles.

[This message has been edited by Arrzee (edited 12-17-2002).]

[This message has been edited by Arrzee (edited 12-17-2002).]

Does anyone here have any info about how the twenty-one day notice requirement referenced here (http://www.awardguard.com/) (see "Claim Information") applies to award tickets that have already been issued? For instance, say I have award tickets for next week and U closes up shop this weekend. How does AwardGuard cover me and get me where my award tickets were supposed to take me? Thanks in advance for any help.



[This message has been edited by StuckWithU (edited 12-17-2002).]

Had a nice chat with an AwardGuard rep this afternoon. For whatever it's worth, you can add a spouse to your policy (for a second $7,500 in coverage) for just $79 more.

Interestingly, the rep also said that she had spoken with dozens of USAir FTs today. Given the current situation, why would anyone insure us? It's like offering flood insurance when a hurricane is 100 miles off the coast. Is anyone else concerned that AwardGuard may not be able to honor its obligations if 1,000 FTs try to cash in $7,500 in travel next year?

Yes. But it's better than nothing. We could probably get our $119 back from the credit card company if we get no service from this company.

If it was $400 or $700 I'd be sweating a whole lot more. (two droplets of sweat for each dollar between $200 and $400, four droplets for $400 to $700 , and fifteen droplets of sweat for each dollar over $700.)

That's how my sweat upgrade system works.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Idowrite:
Is anyone else concerned that AwardGuard may not be able to honor its obligations if 1,000 FTs try to cash in $7,500 in travel next year?

</font>

Randy has said that AwardGuard is reinsured thorugh some major market or other, so there's little chance that you wouldn't get your coverage. Worst case is that AwardGuard would stop selling new policies at some point.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Beckles:
Randy has said that AwardGuard is reinsured thorugh some major market or other, so there's little chance that you wouldn't get your coverage. Worst case is that AwardGuard would stop selling new policies at some point.</font>


Any support for what Randy says? Randy also says "don't worry, we'll cover all your miles" while the T&C's, FAQ, etc. clearly spell out the $7500 limit.

Worst case? FAQ/terms also say that they can change the terms of their coverage with 60 days notice. It doesn't say "for new subscribers" - i.e. you pay your money, they change the rules anytime they want. I'd say the worst case is you pay the money, they decide there's no way they can cover everyone, and the lifetime limit goes to about $500.

Still, it's some coverage for a low price. Despite all my kvetching, I'll probably sign up.

Easy come, easy go. I guess I'm in the minority. I'll flow wherever the tide takes my wife and my million miles...