Top 4 Best Travel Insurance For Digital Nomads 2021 (Don’t Miss Out)

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Not everyone is cut out for the life of a digital nomad but for some people, it’s the perfect existence. The ability to work anywhere makes the world your office, allowing you to earn a full-time income while working from literally anywhere.

When you work from a coffee shop in your hometown or a library in the city, there’s not much to worry about when it comes to travel insurance. But what about when you’re working from a beach in Maui, a pub in London, or a hotel in Hong Kong?

For the digital nomad who spends more nights away from home than sleeping in their own bed, travel insurance is a must. Not only does it cover travel problems like delayed or canceled flights but it also makes sure you get the medical attention you need in case something happens when you’re far from home.

Here are some things to think about when deciding what kind of coverage you need, what to look for when to find the right policy, and some companies that offer the best travel insurance for digital nomads.

In this post, we have listed some of the best travel insurance for digital nomads in 2021. Let’s get started here.

Top 4 Best Travel Insurance For Digital Nomads 2021 (100% Verified)

1) Safety Wing

 Digital Nomad Review- Safetywing

SafetyWing is a Palo Alto-based Norwegian startup. It began with a simple concept: to fill a void in the market for long-term health insurance. Tokio Marine HCC, their partner, offers policies that are underwritten by Llyod’s. SafetyWing was created with digital nomads and remote workers in mind. It’s also useful for folks who plan to travel for long periods of time.

SafetyWing differs from other carriers in a number of respects, including the insurance themselves and the way they’re acquired. SafetyWing is a monthly membership service, so you can pay as you go. This provides a number of significant benefits, including a customizable termination date. If plans change, you don’t have to worry about your insurance expiring when you’re on the road.

Flexible Policy Conditions

SafetyWing policies aren’t restricted by many of the conditions applied by other providers. For example:

  • You don’t need an end date or proof of return travel

Before you buy a policy, many insurance companies will ask for this information. (I had no idea, and in retrospect, earlier policies I’d purchased could have been declared worthless if I’d made a claim without a return ticket.) That’s a terrifying concept!) SafetyWing insurance is only good for 364 days, after which you must re-subscribe.

  • You can purchase a policy after your trip has already started

Many insurance firms, once again, demand you to obtain a policy before your trip begins. You can join up for SafetyWing while on the road.

You can’t buy insurance if your address is in Australia, Canada, Florida, or New York State while you’re physically there. This is due to local rules, according to SafetyWing. You can get around this by giving them a different address; otherwise, you’ll have to wait until you’ve left the country.

Finally, you can cancel your coverage at any time and receive a partial refund if you conclude your vacation earlier than intended or decide to switch to local health insurance.

Each month, SafetyWing renews automatically, but you have three days to cancel and receive a full refund on your last installment. If you’ve had your order for more than 3 days and are qualified for a refund, you may be able to get your money back minus a $25 cancellation fee.

The affordable prices are one of the most appealing aspects of SafetyWing. While most travel insurance companies offer multiple coverage categories (silver, gold, platinum, and so on), SafetyWing offers flat pricing based on your age group.

Straightforward & Affordable Pricing Structure

These are the current global coverage prices, excluding travel within the United States. If you do decide to travel to the United States, you will be charged an additional fee (approximately a 45 percent increase on the policy price depending on your age group).

  • $10.04 USD/28 days if you’re between the ages of 10 and 39.
  • Ages 40-49: $64.68 USD/28 days
  • 50-59 years old: $101.64 USD for a period of 28 days
  • 60-69 years old: $137.76 USD for a period of 28 days

SafetyWing is unable to provide coverage to anybody over the age of 69. If your child is under the age of ten but older than fourteen days, you can choose to have them automatically covered under your adult policy (maximum 2 children per group).

You can pay for your policy in one of two ways: either pay for the first 28 days and then elect to have future payments automatically deducted from your Paypal or bank account, or you may choose your travel dates (if you know them) and pay for the entire policy upfront. If you choose the latter, you will not receive a discount.

Covid-19 & Quarantine Coverage

SafetyWing will cover you for Coronavirus as of August 1st, 2020. Any expenditures spent will be paid as long as the virus was not contracted before the start date of your insurance. (If you already have a policy, you’ll have to manually change it to get coverage.)
SafetyWing isn’t a replacement for traditional travel insurance; rather, it’s more akin to a health insurance policy that covers you in the event of an emergency. If that’s all you need, SafetyWing is hard to beat in terms of value, customer service, and unique benefits like coverage for trips back to your native country.

Overall, SafetyWing is a good option for long-term travel insurance, especially if you’re a digital nomad or remote worker who plans to stay in one place for a long time. If you move about a lot, you should think about the coverage limits before committing.

2) World Nomads

 Digital Nomad Review- World Nomads

World Nomads is an Australian-based travel insurance provider. Simon Monk, a traveler, founded it in 2002 to address three major concerns: independence, safety, and connection. Insurance was an industry rife with deception. He felt they had a good grasp of what passengers needed and wanted because he was an avid traveler himself.

They now cover people from over 130 countries, provide medical and evacuation coverage, 24-hour emergency help, and adventure activity coverage. Trip insurance from World Nomads is designed to cover a wide range of adventure activities.

Medical Coverage

World Nomads offers coverage of up to $100,000 USD, while its more expensive insurance will cover you for more. If you’re doing extremely insane things that could result in significant injury, having a lot of coverage limitations is vital. Alternatively, if you become extremely ill. (However, I find that $100,000 in coverage is more than plenty for my needs.)

Its insurance also covers medical expenses as well as those associated to medical evacuation or repatriation if you are wounded in an accident. For example, if you break your leg while hiking in the woods, your coverage should cover your transportation to the hospital, which World Nomads does.

Emergency Dental Treatment

World Nomads also covers emergency dental treatment in the event of an accident while on the road. This can include things like an unanticipated infection, a fractured tooth, or an accident that causes you to injure your mouth or jaw. It excludes any optional dental procedures, such as exams and cleanings (or things that can wait until you get back home).

Non-medical Emergency Evacuation

In the event of civil or political upheaval in the country you’re visiting, World Nomads also provides transportation coverage. This holds true in the event of a natural calamity or being expelled from a country. NOTE: If you’re a US citizen, you’re not insured in all states. You’ll need to double-check your policy for details.

Trip Cancellation, Interruption, Or Delay

Trip cancellation insurance reimburses you for prepaid expenses if your tour operator goes out of business if you or a family member becomes sick or wounded, if there is a death in the family, terrible weather, or a natural disaster, or if your tour operator goes out of business.

Trip interruption insurance protects you if you have to cancel your holiday due to illness or injury, or if you need to return home owing to a death in the family (it has to be your immediate family, however).

Trip delay coverage reimburses you for expenditures incurred if you are delayed while traveling, such as when a flight is canceled due to severe weather. Additional expenses are covered on a one-time basis if you are delayed for six hours or more on route to or from your trip owing to a designated hazard (as explained in the policy).

World Nomads Travel Insurance Explorer Plan

Regular travel insurance does not cover a variety of high-risk activities. If the activity you intend to participate in is not listed, investigate if World Nomads Travel Insurance covers it. The following is a list of activities that are covered. The list is updated on a regular basis, so check the World Nomads Trip Insurance website before making a reservation.

Remember, if your activity isn’t on the list, you’re not covered by World Nomads Travel Protection. Double-check everything! The Explorer Plan from World Nomads has a lot of beneficial aspects. $3,000 of baggage and personal effects cover is really helpful. There is a $1,500 restriction for each item, which is too excessive.

Furthermore, the $500 Combined Max Limit applies solely to jewelry, watches, precious metals, and fur. Most travel insurance companies apply this to devices as well, which means that pricey items are only covered to a certain extent. Electronics are not treated in this way under the World Nomads Explorer plan, which allows them the entire $1,500 allowance.

The trip cancellation and interruption limit are set at $10,000, which should be sufficient for most passengers. Most folks will be ok with $100k in medical expenses and $500k in evacuation coverage.

It’s good to know that work cancellation is covered. With a 90-day look-back period, Pre-Existing Medical Condition is the same as the Standard Plan. The World Nomads Explorer Plan is difficult to compare at $101 for our trip. There is nothing else like it for individuals who want to go on real exciting trips.

World Nomads is the ideal insurance provider for travelers and backpackers. It’s designed for people who are constantly on the go and includes all of the main features of travel insurance. I admire the company’s leadership, competitive pricing, social giving program, and company culture of providing insurance for travelers by travelers.

3) Allianz Travel Insurance

 Digital Nomad Review- Allianz Travel Insurance

Allianz Global Assistance is a well-known travel insurance provider with a variety of policies to suit the needs of most sorts of travelers. Standard Plans, Single Trip Plans, and Multi-Trip Plans are the three categories in which they have classified their various plans.

The Standard plans, which are available as Essential, Basic, Classic, and Classic Trip+, will meet the majority of travelers’ needs. Each of these plans provides the minimum travel insurance that most travelers require, with coverage and benefits increasing as the degree of coverage and benefits increases.

Individuals and families who like road vacations can purchase annual plans from Allianz Global Assistance, as well as specialty policies for medical evacuation and rental car collision coverage.

Package plans

Essential Plan – Essential, individual coverage for expensive domestic trips

For anyone traveling within the United States, this travel insurance package is needed. The coverage is limited to cancellation, interruption, and travel delay, and it protects passengers against significant financial losses if they are forced to cancel or leave their trip due to a covered reason.

Basic Plan – Necessary coverage for the basic travel protections and not a lot of extras

This trip insurance plan offers critical protection and guidance to anyone looking to protect their holiday at a low cost. The Allianz Basic Plan provides exceptional security and peace of mind for first-time purchasers or those on a tight budget.

Classic Plan – Comprehensive travel insurance protection with adequate limits and primary medical
Classic – travel insurance and assistance services for ordinary domestic and international travel, including cruises and tours – can help you protect your vacation memories. This plan provides larger coverage limits than Basic, making it a better overall option, and it includes coverage for children under the age of 18 at no extra charge.

Classic with Trip+ Plan – High-end coverage with high limits, optional car rental coverage, and loads of extras

For your luxury holiday, Trip+ provides “first-class” travel insurance and assistance. This coverage is more expensive, but it gives bigger coverage amounts as well as certain extra benefits such as covering airline ticket change expenses and re-banking frequent flyer miles.

Annual Plans

Annual Deluxe – Great for frequent travelers, this plan includes annual protection and a number of extras

Consider annual coverage if you know you’ll be traveling a lot this year. This plan is aimed at the average traveler and includes normal cancellation and interruption coverage, baggage, medical emergencies, evacuations, airline insurance, and rental car damage.

Annual Executive – Designed for business travelers who travel often and need extra protection

This package is suitable for business travelers that travel frequently. It covers conventional travel insurance coverage such as cancellation and interruption, as well as emergency medical and rental car coverage. It also has some great business advantages.

Medical Evacuation Plans

Med Evac – Strong and simple evacuation-only coverage for really sticky travel situations

Even a broken leg in a remote place or a heart attack on a cruise ship could need a medical evacuation. The cost of evacuations can run into tens of thousands of dollars, and they must be paid for ahead of time. This coverage includes $1,000,000 in emergency medical transportation as well as a slew of “soft” perks from Allianz, including 24/7 help, concierge, and post-evacuation travel arrangements. This is available in three different lengths of coverage: three, six, or twelve months.

Specialty Plans

Damage Protector for Rental Cars – Coverage for rental cars. It can be purchased separately or combined with other plans. To Allianz, this is a one-of-a-kind plan. It merely covers a rented car in the event of a collision or loss.

You could use your personal auto insurance to cover your rental car, but most travelers don’t want to risk a rate rise by filing a claim. This is a cost-effective solution for primary collision/loss damage.

4) IMG Travel Health Insurance

This is a great plan for travels who want medical coverage without coverage for trip delays, cancellations, or interruptions. It also doesn’t cover lost luggage or anything like that, only medical care.

 Digital Nomad Review- IMG

Their deductibles are pretty flexible and cover the whole year instead of per incident, which saves money in the long run. Extending coverage is pretty easy and does not come with the same high fees that some other companies charge, though extensions count as new policies which can cause some issues.

If you got sick on the initial policy, it would be considered a pre-existing condition under the extension which could impact coverage.

Travel Smart, Travel Safe

The digital nomad lifestyle is a lot easier to maintain when you know you have the right travel insurance. There are a lot of things to consider and a lot of great policies out there. While it might be tempting to skip travel insurance, it’s a risky move and one that we don’t recommend. You never know what’s going to happen and it’s always better to be prepared.

Why Do You Need Travel Insurance?

Travel insurance isn’t all that different from any other type of insurance. You should have enough coverage to prevent yourself from financial ruin in the worst-case scenario. Is it likely that you’ll have to deal with a natural disaster, terrorist attack, or serious illness when you’re away? No. Is it possible? Of course, it is. That’s why you should always be prepared, just in case.

Choosing the Right Insurance

Different travel insurance policies provide different types of coverage. Here’s a quick run-down of what you can get.

Medical

Having coverage for medical expenses while you’re traveling is essential, especially if you’re gone for most of the year. Even if you’re covered at home or have access to free healthcare, that may not be your experience in other countries.

Medical coverage usually applies to sudden illness, disease, or injury. If you sprain your ankle on a morning beach run or come down with appendicitis far from home, having access to medical care is the most important thing. But you don’t want to have hundreds or thousands of dollars in medical bills once all is said and done either.

When traveling, medical coverage from a travel insurance policy usually covers the care you receive locally or at the closest facility qualified to take care of you.

Medical or Emergency Evacuation

Because you don’t always travel to places with outstanding medical facilities, medical or emergency evacuation coverage is essential. If you need treatment and there are no local facilities that can provide it, these policies cover your transportation to a place where you can get the care that you need.

The decision as to whether or not you need to be moved is usually determined by the local medical staff and the medical advisor at your insurance company. Sometimes, they fly you home but it’s more likely that you will be transported to a facility in a nearby country that is equipped for your care.

Emergency evacuation coverage is absolutely necessary if you spend a lot of time in remote areas or underdeveloped countries. While it’s likely you won’t need to be rescued from a mountaintop or anything, it’s possible. And you don’t want to be hit with a bill for tens of thousands of dollars while you’re in recovery.

Travel

These types of policies also provide coverage for issues that commonly arise during travel. Canceled trips, delayed flights, missed connections, stolen passports, lost luggage… these things happen.

 Digital Nomad Review- travel Insurance

It’s more likely that your airline will misplace your luggage than it is that you’ll break your leg while traveling so it makes sense to secure this type of coverage.

Quick Links:

Conclusion: Best Travel Insurance For Digital  Nomads

There are a few basic things to consider when choosing a travel insurance policy.

  • Choose a policy with a deductible that covers the policy period and not each incident, especially if you travel a lot. In the long run, this saves you money.
  • Consider how often you’re traveling versus how often you’re at home. If you’re rarely at home, it pays to invest in a better policy. The longer you’re away, the greater the chance that you’ll need the coverage one day.
  • Opt for a policy that allows you to renew while traveling.
  • Choose a policy limit that fits your travel schedule.

There are a lot of travel insurance companies out there so it’s not hard to find one that suits your needs. Here are some of the best. If you want reliable Travel Insurance then you should consider getting started with Safety Wing Travel Insurance Now.

I hope this post suits your purpose well and if you liked the post then kindly share it on various social media platforms like Facebook, Twitter, and LinkedIn.

Jitendra Vaswani

Jitendra Vaswani is a Digital Marketing Practitioner & international keynote speaker currently living digital nomad lifestyle and founder of  internet marketing blog BloggersIdeas.com & Digital Marketing Agency DigiExe. During his more than 8 years long expertise in Digital Marketing, Jitendra has been a marketing consultant, trainer, speaker and author of “Inside A Hustler’s Brain : In Pursuit of Financial Freedom” which has sold over 20,000 copies, worldwide & contributor of “International Best Selling Author of Growth Hacking Book 2”. He had trained 10000+ digital marketing professionals till date and has been conducting Digital marketing workshops across the globe. His ultimate goal is to help people build businesses through digitization make them realize that dreams do come true if you stay driven.  Check out his portfolio( jitendra.co). Find him on Linkedin, Twitter, & Facebook.

1 thought on “Top 4 Best Travel Insurance For Digital Nomads 2021 (Don’t Miss Out)”

  1. Really appreciate your thoughts and are very helpful for the reader thanks for share.

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