If you’re looking for nomad insurance, you have come to the right place!
If you have been listening to our podcast, you have heard just how many people are living their best nomadic life. People are chasing their dreams. They are traveling and finding work remotely. Anyone can be as nomadic as they want!
Do I Really Need Nomad Insurance?
Something that you may or may not have considered for travel, or the nomadic lifestyle is the insurance factor. When you buy your airline ticket there is an insurance add-on for trip cancellation. When you rent a car, there is an insurance add-on, that generally protects the airline or the rental care agency.
You may have planned a trip and dependent upon which agency or route you took to plan your voyage, you were probably offered travel insurance as an addendum. Even Ticketmaster and event ticket outlets are now offering insurance in case you are unable to make the event.
Life post-covid will now always make us think about what we would do if we had something arise, beyond our control. What if you get sick on your trip? What if there is a natural disaster while you are in another country? We have some information for you regarding those questions, so stick with us.
What do the nomads say?
When talking with world nomads, the most consistent issue that comes up when they opted for the nomadic lifestyle was figuring out what they would do about insurance coverage. If you think you don’t need a plan for an emergency, you’re wrong. Here is the truth: an emergency, illness, or other travel issue isn’t going to come around on your time.
Nevertheless, you should have your backup plans in order when you are traveling or living and working remotely. Those plans should include insurance.
Insurance plans are abundant. You can get insurance for and on just about anything. When it comes to global health issues, international health issues, and emergency medical occurrences, having the right travel insurance plans are essential. Having the best insurance company to work with is as much of a priority.
Who do we recommend for nomad insurance?
In researching options for the remote working lifestyle, we found a plethora of insurance companies. We have interviewed a lot of nomads and remote workers who travel a lot. We took into consideration, their concerns and occurrences for medical or travel emergencies. Subsequently, we compared various insurance providers, global health insurance options, and travel insurance providers. One that consistently delivered in areas of priority was SafetyWing.
What is SafetyWing?
SafetyWing Nomad Insurance is tailored to meet the medical and travel needs faced by digital nomads and other remote workers while they are outside of their home country.
While you may have a health insurance plan, your plan most likely does not include, nor cover health issues out of your home country. It’s always a good idea to review your policy carefully so you are prepared, just in case. We found SafetyWing as an all-around superb digital nomad insurance.
Most health insurance plans, generally speaking, will not cover what you need, living nomadically, or when traveling. From personal experience, we have had emergencies happen to us outside of our state.
While we both had medical insurance during such emergencies, we still incurred costly bills due to the lack of coverage, or that our insurance had gaps in the type of coverage associated with traveling. We haven’t even talked yet about the paperwork that goes along with a medical emergency outside of your state.
Emergency medical evacuation
Whether you are traveling, living abroad for a period of time, or living nomadically, you should consider emergency evacuation insurance. If you were to experience an emergency medical evacuation, you are most definitely going to want a seamless process, no added stress that comes with an already anxiety-ridden situation.
What are the costs of emergencies while traveling?
Albeit. you had an accident and broke your arm while visiting another country. Not only did you break your arm and have to go to the hospital, but you have to be transported to the medical facility. With this type of accident can run you between $50,000-$100,000.
What does SafetyWing Nomad Insurance cover?
SafetyWing literally provides you with a safety wing. SafetyWing’s Nomad Insurance provides coverage for unexpected illness or injury. No one actually expects to have an illness or injury, but if you do, you want coverage. SafetyWing also provides coverage for other eligible expenses such as hospital, doctor, or prescription drugs. Essentially, SafetyWing has you covered!
SafetyWing also provides emergency travel-related benefits such as evacuation from local unrest, unplanned overnight stays, and lost checked luggage.
What does SafetyWing’s Nomad Insurance NOT cover?
Typically travel insurance coverage does not cover routine checkups and preventative care. SafetyWing’s Nomad policy is no different. Nomad Insurance is not primary health insurance. Cancer treatment and other pre-existing conditions are not covered. It should be noted, that if you are going on an extreme adventure for your trip, you may not be covered if something happens while you are participating in adventure sports. You will need to check with SafetyWing on your specific plan for guidance.
What does nomad insurance cost with SafetyWing?
As a result of our research into other travel insurance companies, SafetyWing was in most cases, less expensive. The average approximate cost for SafetyWing Nomad Insurance is $42/per month. There are tiers according to age. You decide how long you want to have coverage. Note, your SafetyWing insurance will automatically extend every 4-weeks until you cancel, up to a year.
Why do we think SafetyWing is the best?
Full disclosure, there are other nomad travel insurance agencies and nomad insurance plans out there. They offer international medical insurance perks, similar to SafetyWing, but let us tell you why SafetyWing is so amazing, and why we recommend them:
- Flexibility: SafetyWing works like a subscription and they offer multiple services for nomads, travelers, and remote workers.
- Affordability: Travel medical coverage starts at $42. We have found that this is a third of the price of many other nomad insurance companies.
- COVID-19 coverage is included. It also covers quarantine outside your home country for $50/day for up to 10 days This is limited to being once/per year coverage.
- Offers worldwide coverage as well as limited home country coverage (up to 30 days every 3 months).
- Available for purchase in 180 countries and can be purchased while already traveling. So if you are from the US, and you are on a safari in Africa right now, you can still sign-up for coverage.
- Customer service: SafetyWing Nomad Insurance offers 24/7 support with great response times. Talk to a real person who is also a nomad! How great is that?!
- SafetyWing Nomad Insurance is the first insurance product built specifically for nomads, by nomads. Their long-term mission is to build the first country on the internet to offer global health insurance, pensions, and disability, as a replacement for national welfare systems.
- Innovation: They are constantly improving the insurance product based on customer feedback. Again with the customer service!
Take some of the stress away!
In brief, we talk about how traveling should be about the experiences and not the stuff. It’s much easier to have SafetyWing Nomad Insurance, and not think about the “what ifs” that may or may not happen while you are traveling. It takes a minute to sign up, it’s super affordable you can purchase for yourself, and/or your travel group, under one account! Easy peasy! We love that!
Hey traveler! Go grab our FREE Perfect Travel Prep List to Minimize Your Packing to make your travel easy and less stressful, (much like SafetyWing), you’ll save time and money!
Purchasing insurance is a choice. It is not a necessity, but it does set apart the seasoned nomad from the inexperienced. Many nomads have said that their nomad insurance is as important as their passports.
SafetyWing covers visits to your home country, but note that the visit has to be incidental. meaning, you cannot return home for the purpose of obtaining treatment for an illness or injury that began while abroad.
If you stay in your home country longer than 30 days (15 for the USA), your coverage is void until you leave. The coverage resumes once you are out of the country again. This clause is better than any other travel insurance for remote workers or nomads that we have seen.
Yes, you are covered for your own medical expenses as long as you are properly licensed, and wearing safety gear, like a helmet. Of course, drinking and driving, and racing are excluded.