This thing is just too expensive for me to consider it. $119 isn't that much money, but at the same time, it's almost as expensive as other real insurance policies I have. I haven't read the rules, so I don't know if there is a vesting period, but if there isn't, I'd just wait until the last minute, when my airline's failure was imminent, then purchase the insurance.

I have around 200,000 miles between two airlines, but I'd only consider the insurance if it were closer to the $50 range.

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