Originally Posted by corporate-wage-slave

BA Holiday reservations are more likely to be cancelled than just flight reservations. Particularly if you are covered by insurance taken out before mid March, I would advise contacting your insurers first to find out their view, but otherwise think in terms of keeping any final settlement up to date, which is currently due 3 weeks from travel. The days leading up to that is the time that BA Holidays works out whether a holiday is viable or not. Currently it clearly isn't due to both the entry restrictions on most European residents, and also in terms of what you can do when you are in San Francisco. If you decide not to only pay the deposit, this only makes sense at the last moment since you can then make an informed decision as to whether you would rather voucher the deposit (possibly reclaimable via insurance) than actually go to California.

If you decide to cancel now you wouild still be OK for a Future Travel Voucher for the deposit amount, so if you are 101% certain not to travel and 101% certain to make another BA booking in the next 2 years and 101% unwilling to wait, you could do that now, but actually the best policy is to wait.