If you’re wondering if you should buy 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.
We interviewed The Writer on the Water Niamh McAnally, who discussed the concerns for sailing around the world during the pandemic. You can listen to more about that here.
Who should you choose 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. Let’s just say, when you are doing your due diligence, and you should, in making sure you align with the right company, that you look on all threads. Make sure you even go to Reddit, where nomads have plenty to say about their experiences.
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. This type of accident can run you between $50,000-$100,000.
What does Nomad Insurance cover?
Nomad insurance should provide you with net, comfort while you are traveling. 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. Make sure you check to see that there is coverage for other eligible expenses such as hospital, doctor, or prescription drugs.
What does Nomad Insurance typically NOT cover?
Typically travel insurance coverage does not cover routine checkups and preventative care. Nomad policies are 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 your provider to see about the details.
What does nomad insurance typically cost?
As a result of our research into other travel insurance companies, Nomad Insurance runs the gambit. There are usually tiers according to age. You decide how long you want to have coverage. That also plays a role in what you pay.
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 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 Nomad Insurance), 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.
Most medical expenses are covered but check your policy. As long as you are properly licensed, and wearing safety gear, like a helmet. Of course, drinking and driving, and racing are excluded.
We do not align with one certain company, but we do know who to stay away from. Simply read the threads and information online about companies. Make sure that the blogs/articles you find are not sponsored, nor are the contributors being paid for their “opinions”.
