<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by TravelScholar:
Sorry to bring this up again, but would someone please just tell me which it is:
1) $7500 per program per year (meaning if airline x goes under, then you get a new $7500 each year to use on airline x)
2) $7500 per program, period (meaning if airline x goes under, then you get $7500 to spend and no more than that, whether you spend it in one year or spread over several years)
Thanks.</font>
From the
December 5th chat with Randy:
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">MileKing
Does AwardGuard offer $7500 of protection PER YEAR or one, lifetime aggregate total of $7500 should a FF program go out of business?
Randy Petersen
Thanks for asking that question. We have probably failed to clear that up and honestly, it's more just getting the information worded correctly than trying to change things. Our intent is to extend our "business interruption" insurance on our business as a benefit to those customers we try and help get more out of their frequent flyer programs. It's actually PER YEAR. Here's why. We're actually still helping people with claims from their awards in Midway from 1991. If it was one lifetime, they'd be gone by now. Same with mileage expiration for AA and UAL from the mid-90s. While it may be that I messed this interpretation up I'll stand by you as a member or possible member if this is why you are a member. Hope this helps.</font>