Travel is fun, but it can also work out to be the most expensive thing you buy this year. So, should you be unlucky enough to have your holiday canceled you will want to be sure you are able to get your money back? It is surprising how often travel firms and airlines go bust and inclement weather stops people from being able to reach their destination. So, unfortunately, at some point, you will likely be affected by travel cancellations.

However, I’m here to help show you the best way to handle such a situation. Using Creditfix and their research team, I have been able to secure and share with you a very useful infographic. It contains everything you will need to know to be able to get your money back should your holiday, or any element of it, end up being canceled.

As you can see, there are several ways to do it. Which ones you use depends, at least in part, on how and who you booked your holiday with. Familiarizing yourself with the various options will enable you to book your holiday in a way that makes it more likely to receive a full refund should something go wrong.

Knowing that you are going to get a refund will enable you to rebook. There is no need to let a cancellation or a company going bust stop you from getting away for a few days of sun, sea, sand, and relaxation. Or enjoying a staycation city break.

My number one tip? Travel insurance.

My number two? Make sure you read below before booking any element of your journey and stay cashed up for your holiday.