Travel is expensive. The fear of booking a $2,000 trip and then losing that money because you get the flu is a valid fear. But it shouldn’t stop you from traveling. You just need a risk management strategy.
The Power of “Fully Refundable”
Most hotels now offer “Free Cancellation” rates up to 24-48 hours before arrival. It might cost $10 more per night than the “Non-Refundable” rate. Pay the $10. It buys you flexibility.
For flights, Main Cabin tickets usually allow you to cancel for an “eCredit.” You don’t get cash back, but you don’t lose the value; you can use it for a future trip.
Insurance is not Optional
We’ve said it before: Travel Insurance is your financial firewall. “Cancel for Any Reason” (CFAR) policies are the gold standard. They reimburse you (usually 50-75%) even if you just decide you don’t want to go anymore.
Credit Card Protections
Check your wallet. Premium travel credit cards often have built-in trip cancellation insurance. If you booked the trip with that card, you might already be covered for sickness or severe weather.
Accepting Small Risks
Understand that you might lose a little—booking fees, maybe a deposit. But don’t let the fear of losing $50 stop you from gaining a life-changing experience. You are paying for the opportunity to go.
Freedom from Worry
When you know you can get your money back, hitting the “Book” button feels exciting, not terrifying. Build your safety net, then take the leap.
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