Lose your job, get a refund - it sounds like the deal of the century.
But you need to read the fine print before you spend any of your cash.
There are many programs that let you off the hook if you get laid off - plans promising to make payments on your car, home, phone and more - all to help convince you to spend money.
However, qualifying for some of these programs is no easy task.
If you book a trip on
JetBlue and lose your job, they will credit the cost of the ticket rather than give cash back.
Additionally, the person laid off has to be the same person who booked and paid for the flight. So if a husband buys tickets for the family but his wife is the one who loses her job, then the offer may not apply.
Carnival Cruise also has a vacation protection plan that will reimburse you up to the total cruise cost.
To qualify, you must have worked for your employer for at least one year - plus you have to pay for the protection plan, which doesn't automatically come with your cruise.
Norwegian Cruise Line offers a similar plan, paying cancellation fees up to 100 percent of your ticket price if you lose your job.
Again, you must have worked for the same company for one year and you have to buy the Booksafe insurance, which varies in price based on the cruise price.
Hyundai was one of the first to come out with a protection plan.
Their car return program covers up to $7,500 in loan or lease payments.
Only valid on new models, you must have made at least two scheduled payments and be current.
No matter what protection plan you are considering, read the details to make sure you actually qualify.
And if your job is threatened, you probably shouldn't buy anything you don't really need anyway, even if it does come with layoff protection.
