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In the event of a claim, what do you base the value of the airline tickets on if it was obtained by redeeming points in a loyalty program?

April 26, 2017airline base claim event loyalty obtained Points redeeming tickets value

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In the event of a claim, what do you base the value of the airline tickets on if it was obtained by redeeming points in a loyalty program?

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Typically the value of the airline tickets is based on the cost of a standard ticket at the time of travel for the same class of travel with the same airline.