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Insurance For FF Miles  
User currently offlineContrails From , joined Dec 1969, posts, RR:
Posted (11 years 1 month 4 weeks 1 day 2 hours ago) and read 1716 times:

This topic has probably been discussed in the past, but I couldn't find it in a search. I have a good many miles in several airlines, none of which are in terribly good financial shape. Should one of these go under (God forbid) I'd hate to loose these miles.

Isn't there some sort of insurance that would cover my FF miles in case the worst happens? Are there any hotel programs where I can exchange FF miles into the hotel program and then move them to another airline?

Thanks.

2 replies: All unread, jump to last
 
User currently offlineSsides From , joined Dec 1969, posts, RR:
Reply 1, posted (11 years 1 month 4 weeks 1 day 1 hour ago) and read 1694 times:

FF miles are not "insurable" property, but if a carrier goes under, there is a chance that a hotel, other airline, or rental car company will allow you to convert all or a portion of them. I seriously doubt, however, that you could get some sort of contract now that guarantees that. Airlines have complete license to change their FF programs at will, without compensation to the passenger. Don't expect to get anything, but it is a possibility.

User currently offlineAKelley728 From , joined Dec 1969, posts, RR:
Reply 2, posted (11 years 1 month 4 weeks 23 hours ago) and read 1675 times:

Contrails:

There is a program called Awardguard, which is a a product designed to protect members' awards in the event of a frequent traveler program bankruptcy. The policies are backed by LLoyd's of London. You become a member of the PrivilegeFlyer program, and awardguard is one of the benefits.

Check out the following sites: http://www.awardguard.com/ or http://www.privilegeflyer.com/


However, I just found out that they recently temporarily suspended the award guard benefits for PrivilegeFlyer members, because they're trying to iron out some details with LLoyd's.


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