<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Randy Petersen:
QUESTION: Is there a cap to either the number of accounts or number of miles?
ANSWER: No cap on the number of programs covered per membership to the extent of those listed in our materials (it doesn't matter if you belong to 2 or 12 programs) and we don't have an actual cap to the number of miles we can protect for you (some members have millions and with the Midway program, while their award structure was not mileage-based, some members did have covereage equal to about 900,000 miles, which why some 10 years later they are still enjoying their awards courtesy of AwardGuard). The restriction is based on payout per year. For instance, new members can't have claims equal to more than $7.500 in a given year PER program. The reality is that most people may redeem 2-4 rewards a year and most don't exceed that cost. The cost being the claim to supply substitution of awards via a purchased airline ticket.
Hope this helps, the Web site for AwardGuard is:
www.privilegeflyer.com </font>
I am still confused about the coverage limit : is it $7500 per year of redemptions or $7500 per year in which the airlines went under ?
For example, if I have all my 2 million miles in airline X, and airline X goes under in 2002, can I redeem tickets worth $7500 each year I continue my membership until my 2 million miles are exhausted, OR am I limited to a total of $7500 corresponding to the single year 2002 in which the airline X went under ?
The description on the Web are not clear regarding this point.
[This message has been edited by ananthar (edited 02-03-2002).]