A review for Digital Nomads and Long Term Travelers
Looking to score the best travel insurance before your next getaway? The key is finding a company that caters to your individual needs. SafetyWing offers not just one but two comprehensive insurance packages for digital nomads and long-term travelers. And, chances are, if you’ve stumbled upon this page, you are looking for a solution. Well, look no further.
In today’s world of uncertainty, insuring your personal belongings and business tools, not to mention keeping your health and safety a top priority, is of the utmost importance. When traveling the globe, either for personal or professional reasons, you never know if and when unforeseen expenses may arise.
Protecting yourself, and your investments, while avoiding exorbitant medical bills overseas, is crucial. This is where SafetyWing can help.
What is Nomad Insurance by Safety Wing?
Developed in Silicon Valley by three Norwegians, each from varying innovative backgrounds––law, policy, mathematics, computer science––SafetyWing has become the travel and medical insurance company for the modern age, and Nomad Insurance is one of two SafetyWing products paving the way.
Nomad Insurance is the future of insurance for frequent travelers, offering exceptional value and support. Quite simply, Nomad Insurance is insurance for nomads, covering people from all over the globe, while they are outside of their home country.
SafetyWing’s products operate with convenience and transparency in mind, offering comprehensive coverage for unexpected injuries and illness users may experience when abroad. With a Nomad Insurance policy, you are protected in the event of required emergency medical or dental treatment, hospital visits, prescription drugs, travel/ flight interruption, even lost luggage––all for below average rates.
Costs––at a glance
As with any company, the exact costs associated with a Nomad policy varies by age. But, to simplify matters, the fee structure is fairly easy to calculate. The younger the traveler, the lower the cost, and so on.
- AGE 18 – 39: Monthly price $37
- AGE 40 – 49: Monthly price: $60
- AGE 50 – 59: Monthly price: $94
- AGE 60 – 69: Monthly price: $128
These rates are considerably lower than most travel insurance competitors because of SafetyWing’s commitment to using cutting-edge technology to penetrate global banking markets. What’s more, the traditional processes associated with insurance companies are out the window. Gone are the consumer-facing agents and middleman––along with their costly overheads.
Additionally, by maintaining a singular policy structure for all clients, back-end processes are streamlined and simplified; clients who don’t have long-term illnesses are not continually compensating (via higher fees) for those who do. The balance is fair, so rates stay low.
How does SafetyWing Nomad Insurance benefit Digital Nomads and Long-Term Travelers?
If the low prices aren’t incentive enough, you can take a look at the types of coverage available with your Nomad policy.
As a SafetyWing client, you are instantly covered for travel delays requiring an unplanned overnight stay, including reimbursement for accommodations and meals.
Lost checked luggage
Expect to be compensated for the cost of any lost checked luggage (up to $500 per item).
Border entry protection
If you are traveling on a Visitor Visa B-2 for tourism, (for visiting family or friends), or on holiday and you are denied entry to the United States at the border by customs officials––your Nomad policy provides for the cost of a one-way air or ground transportation ticket to your country of origin.
Even when you are traveling with a furry friend––if your pet is lost in transit, the cost of a one-way air and/or ground transportation ticket for their return to the terminal serving the area of your principal residence, is covered.
SafetyWing considers all contingencies for experienced globetrotters.
It includes cover if you are suddenly in an accident or fall sick while you are outside your home country and need medical assistance. Some of the benefits are:
Board Average semi-private room rate, including nursing services Intensive Care Unit up to the overall maximum limit.
Intensive Care Unit
Up to the overall maximum limit.
Usual, reasonable and customary charges, when covered illness or injury results in hospitalization as inpatient.
Urgent Care Center
Claims incurred outside the U.S. No co-payment.
Physical therapy and chiropractic care
Up to $50 per day. Must be ordered in advance by a physician.
Up to $1,000. Not subject to deductible.
All Other Eligible Medical Expenses
Up to the overall maximum limit.
Sports and leisure
For the thrill-seekers and fitness fanatics who are also interested in squeezing in some light activity during their time away, SafetyWing includes coverage for several amateur/non-professional sports and activities. While you can leave it to your imagination as to what IS covered, it might be best to avoid injuries by participating in any of the below, as they are NOT covered: All-Terrain Vehicles, Kite-Surfing, Mountaineering, Sky Surfing, Snow Skiing and Snowboarding (with some exceptions), Whitewater Rafting, and many more. Please check the policy to see which sports are not included.
What are some drawbacks to holding a Nomad policy?
You’ve seen the pros: affordable, comprehensive, convenient, transparent.
But what about the cons? Well, there can be cons associated with any insurance company–– it all depends on your particular situation:
- what type of coverage you are after,
- what level of protection do you require,
- how long you will be abroad,
- and the circumstances surrounding your reason for submitting a claim.
For most people, falling victim to theft, misadventure or medical distress while in a foreign country, is even more traumatic than were it to occur at home. But SafetyWing does everything to ensure that you are protected.
Similar to many other travel insurance policies, a Nomad policy excludes treatment for cancers, routine check-ups or physicals, and pre-existing medical conditions while abroad. However, they do offer coverage in your country of origin. So, if you are a long-term traveler who occasionally checks in at home, you can wait to have your routine doctor’s visits until then. But if you suffer from any pre-existing medical condition, it might not be the policy for you.
How does SafetyWing stack up?
When it comes to long-term travel insurance, SafetyWing holds its own against its few competitors.
Using a long-term traveler in her mid-30s, without any pre-existing medical conditions, let’s compare a SafetyWing insurance policy to that of a company like World Nomads.
- Monthly cost: $37 (it is not include travel to US. Check the price for it)
- Emergency medical: $250,000
- Emergency dental: $1,000
- Personal liability coverage: $10,000
- Trip cancellation: none
- Lost baggage: $3,000 (maximum $500 per item)
- Area of Coverage: Worldwide––excluding North Korea and Iran
- Home country coverage: 30 days (for every 90 days); 15 days for every 90 days (for Americans)
- Monthly cost: $116 (standard)
- Emergency medical: $100,000
- Emergency dental: $750
- Personal liability coverage: none
- Trip cancellation: $2,500
- Lost baggage: $1,000 (maximum $500 per item)
- Area of Coverage: Worldwide (no exclusions)
- Home country coverage: none
As you can see, the policy offered by SafetyWing proves more beneficial than one offered by World Nomads. Protections are higher; coverages are more generous. And the areas of coverage are practically identical, provided you are not traveling to Iran or North Korea. But it’s the home country coverage that proves the most noticeable difference and gives SafetyWing a further advantage.
Remote Health by SafetyWing
SafetyWing is not just in the business of offering insurance exclusively for travelers. They also have another product to their name. SafetyWing recently launched Remote Health, a fully equipped health insurance that provides assistance and comprehensive coverage for your entire international team. Wherever you are in the world, if you are working as an employer of a global business team, you can now provide insurance benefits to your staff––wherever they choose to work.
No longer will business owners be limited by the caliber of talent they hire because Remote Health works everywhere (some countries are excluded and to check Remote Health for details). Bring your team members together onto the same universal plan––and, add and remove each player whenever you want, whether they are full-time, part-time or contract employees. The more people on your team, the less cost for each person.
- For example, dedicated teams of 3 – 9 people can expect to pay as little as an estimated $127 per person, per month.
And the features are seamless. By insuring your team with Remote Health, you and your members gain access to individualized 24/7 support, not to mention a wide range of optional coverage for things like dental, screenings, vaccinations, maternity, and more. As the business owner, you can follow along with your team’s coverage status by accessing the simple, easy-to-use website, with its sleek operating system and interface.
Remote Health is premium insurance coverage––available in over 175 countries. A truly global way of insuring your business.
A final thought
Whatever your travel plans, SafetyWing is certainly a company you should have on your side. Whether you’re considering a Nomad Insurance policy for long-term travel insurance, or Remote Health for your global business needs, SafetyWing offers comprehensive packages, top-tier benefits, round the clock support, and an elevated level of security for when digital nomads and globetrotters alike are away from home.
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