When should I book a refundable flight?

If you’re ever been burned when travel plans change and you have to pay a big change or cancellation fee to the airline, you’re probably more likely to entertain the idea of booking a refundable ticket.

After all, that’s why refundable tickets exist — to give you the flexibility of knowing that if you have to change your plans, you can do so without penalty.

But here’s thing: Refundable tickets can run hundreds of dollars more each way than the lowest fare on a standard non-refundable ticket.When should I book a refundable flight?

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