Being a digital nomad means you have the liberty to ditch your workstation and office chair to travel around the world.
With this freedom of location, you get to carry your remote work to global corners effortlessly.
All you have to do is just put your work essentials in your bag and take them along with your travel suitcases to your dream destinations.
However, with freedom comes responsibility and concerns. Now that you get to carry your expensive work items, you need to responsibly take care of them.
You have to ensure that the items are not damaged under any circumstances while you are traveling. But, honestly speaking, that’s not always possible.
You cannot predict accidents or mishaps that might affect you or your belongings. So, it is better to get a travel insurance for yourself.
With a travel insurance, you get to safeguard your tech items, valuable belongings, and yourself during your long periods of travel. And, as a digital nomad, travel insurance can come in handy.
But, how to know which travel insurance you should get? No need to worry. We have brought you a complete guide with the best travel insurance for digital nomads.
From addressing why you need them and which ones are the best, we have crafted this article with everything you need to know.
Stay tuned!
What is Travel Insurance for Digital Nomads?
Travel insurance for digital nomads helps in safeguarding them on long travels to foreign countries.
It covers medical emergencies, interruptions with trips abroad, and damage to belongings for digital nomads.
So, when you are staying away from your home country, travel insurance gives you the protection when you encounter any unforeseen mishaps.
For instance, if your personal belongings get stolen, or you unfortunately get into any accident leading to medical needs, it can cover the expenses.
Moreover, unlike tourist travel insurance, nomads travel insurance covers extensive aspects with flexible terms. So, it will help you more than a simple tourist insurance.
Why is Travel Insurance Important?
When you are travelling to foreign countries and planning to live a nomadic life, you need to take various precautionary measures.
To ensure that you can responsibly live your digital nomad lifestyle, travel insurance helps you by providing a safety cushion.
Moreover, it offers coverage of massive expenses during medical emergencies, hospitalization, cancelled or delayed flights, and stolen belongings.
So, even if you do not need to have the best workspace for digital nomads, it is important to have the best travel insurance for nomads.
Also, the insurance policy for digital nomads is flexible and extends to long periods. So, naturally, it plays a crucial role in ensuring you live a safe digital nomadic life.
Does Travel Insurance for Digital Nomads Cover Your Tech?
Travel insurance for digital nomads tends to cover most aspects of your nomadic lifestyle with flexible terms.
From medical expenses to tech expenses, they cover everything for an extended period. However, some insurance providers do not cover tech items.
So, you need to choose the ones that cover your medical, tech items, and your trip expenses.
Moreover, some popular travel insurance companies have policies to cover a fixed range of technical items and gadgets.
To ensure your work essentials are covered, check the policies properly. Also, this can help you during times when you lose your items or they are stolen in a foreign country.
Is Medical Insurance included with Travel Insurance?
One of the most crucial aspects covered by travel insurance for digital nomads is medical insurance.
So, when you get travel insurance, you get coverage for your medical accidents and emergency expenses in a foreign country.
Moreover, most travel insurance policies provide protection during hospitalization and for severe personal injuries.
And, unlike normal medical insurance, it covers most of the medical procedures. So, you can live your nomadic life without being stressed about medical expenses.
Top 5 Best Travel Insurance for Digital Nomads
Now that you know how important travel insurance is for digital nomads, here is a list of the best travel insurances.
1. World Nomads
One of the most popular travel insurance policies for digital nomads is World Nomads. It provides insurance to nomads across the world.
Moreover, irrespective of the plan you choose, it offers great benefits and high coverage for every aspect. So, it is preferred by many digital nomads.
| Factors | World Nomads Policy Provisions |
|---|---|
| Benefits | 1. You get coverage for medical expenses, trip disruptions, and essential belongings. 2. Extending the coverage mid-trip is possible. 3. It includes different types of sports and activities that might cause medical emergencies. 4. Also, you can cancel your plan at any time without explaining your reasons. |
| Coverage | 1. Medical Expenses: The insurance covers any kind of medical treatments, hospitalization, and surgical procedures for nomads. 2. Trip Interruptions: You get coverage for delayed and cancelled flights on your trips abroad. 3. Baggage Damage or Loss: If you lose your baggage or it gets stolen during your trip, you will get covered. 4. Adventures and Sports: It covers dangerous sports and activities that might cause damage to you and your belongings while you are staying in a foreign country. |
| Pricing | Offers two plans with different pricing and benefits: 1. Standard Plan: The plan starts at $549 and includes around 200 sports and dangerous activities. It provides trip interruption expenses up to $2500 and medical expenses up to $10,000. 2. Explorer Plan: It starts at $788 and includes 260 sports and activities coverage. You also get rental car damage with this plan. Moreover, it provides trip-related reimbursements up to $10,000 and medical expenses up to $100,000. |
2. Safety Wing
Another travel insurance is Safety Wing. It is gaining traction for its remarkable benefits and inclusive policies.
Moreover, you can easily get the benefits of the insurance without any issues. And, you can also purchase this policy after moving to a foreign country.
| Factors | Safety Wing Policy Provisions |
|---|---|
| Benefits | 1. You get coverage for your medical expenses, trip delays and cancellations, lost visa and documents, and personal belongings. 2. It is possible to get this insurance after moving to a foreign country. And, it can be renewed after a year. 3. Also, the policies are based on your age. So, everyone gets a tailored policy for their insurance coverage. |
| Coverage | 1. Medical Expenses: The insurance covers any kind of medical treatments, hospitalization, and surgical processes for nomads. 2. Trip Interruptions: You get coverage for both delayed and cancelled flights on your trips abroad. 3. Baggage Damage or Loss: If you lose your baggage or your visa and documents, or it gets stolen, the insurance covers the expenses. 4. Return of Minor or Children: When there’s an issue with your immigration, you can bring back your children with the help of the insurance. |
| Pricing | There are no specific fixed pricing plans. The pricing is evaluated based on your age and travel expenses. So, everyone gets a different insurance policy for their coverage plans with Safety Wings. |
3. Heymondo
With the Heymondo insurance policies, you can cover both your short-term and long-term travels as a digital nomad.
Moreover, you can extend the coverage of your plan with the addition of extra money to your pre-existing plan. This way, you can get more benefits and complete coverage packs.
| Factors | Heymondo Policy Provisions |
|---|---|
| Benefits | 1. You get coverage for medical emergencies, trip delays and cancellations, baggage loss, and personal liabilities. 2. Generally, the tenure of the policy is given for 90 days. However, you can extend it beyond that with the Long Stay plan. 3. Also, you can include the coverage of activities and sports in your plan by paying some extra charges. |
| Coverage | 1. Medical Expenses: The insurance covers medical emergencies, hospitalization, and surgeries. However, it does not include general medical check-ups. 2. Trip Interruptions: You get coverage for both delayed and cancelled flights on your trips abroad. 3. Baggage Damage or Loss: The policy insures your baggage damage, loss, or theft. But it does not include minor theft of your belongings. |
| Pricing | The pricing for the policy starts at only $250. However, with an extension of the policy plan, you need to pay extra charges. Moreover, if you include activities and sports within your policy plan, your pricing will also increase. These increased pricing plans include: • 30 days with sports — $76 • 120 days with sports — $304 • 180 days with sports — $456 • 275 days with sports — $731. |
4. IMG Global
With IMG Global, you can get their Global Medical Insurance that specifically caters to the needs of the digital nomads.
Just as the name suggests, it provides protection for only medical emergencies on a worldwide basis. And, does not include trip protection of any kind.
| Factors | IMG Global Policy Provisions |
|---|---|
| Benefits | 1. You get coverage for only medical emergencies around the world. And, no trip interruptions or baggage damage are included. 2. The insurance provides a different range of plans for different age groups. 3. Moreover, you can adjust the deductible amounts for the plans to get maximum benefits. |
| Coverage | 1. Medical Expenses: The insurance covers medical emergencies, hospitalization, and surgeries. Moreover, it includes all kinds of medical needs and treatment on a worldwide basis. So, naturally, it is a great option if you travel a lot as a digital nomad. |
| Pricing | The pricing plan structure has four types of pricing models. Starting off with the least amount of policy benefits and ending with the maximum benefits. These plans include: • Bronze: In the Bronze plan, you can start your policy at $201. And, it extends to the policy maximum of $1,000,000. • Silver: With the Silver plan, you can start with a minimum amount of $278 and end with a maximum of $5,000,000. • Gold: The Gold plan allows you to start your policy at $474 and extend it till the maximum amount of $5,000,000. • Platinum: With the Platinum plan, you can start your policy at $834 and extend it up to the maximum of $8,000,000. |
5. Travelex Insurance
Travelex Insurance is a highly popular travel insurance provider for digital nomads. Its Travel Select Plan offers long-term policies with extensive benefits to cater to your basic needs.
Moreover, its initial insurance policy covers around 1 year of your trips. And, you can extend this tenure by renewing your policy plan.
| Factors | Travelex Insurance Policy Provisions |
|---|---|
| Benefits | 1. You get coverage for medical treatments, trip interruptions and cancellations, and baggage loss or damage. 2. The policy plan extends for around 1 year. However, it can be renewed, and the term can be extended further. 3. Moreover, you can cancel the policy anytime and for any reason. You will not be charged extra for cancellation. |
| Coverage | • Medical Expenses: The insurance covers every medical emergency, hospitalization, and crucial surgery. • Trip Interruptions: You get coverage for both interrupted and cancelled flights on your trips abroad. • Baggage Damage or Loss: The policy insures your baggage damage, loss, or theft. So, you can claim it when you lose your belongings. |
| Pricing | For the Travel Select Plan, you get fixed insurance for a fixed number of mishaps within the tenure of 1 year. And, the initial pricing to get the insurance starts at $5,000. It is a one-time payment to get the policy coverage. The fixed pricing offered for various incidents includes: • Trip Cancellation: Covers 100% of your trip cancellations. • Trip Interruptions: Covers 150% of your trip cancellations. • Baggage Loss: Up to $1,000. • Baggage Delays: Up to $200. • Emergency Medical Expenses: From $50,000 to $500,000. • Accidental Death: Covers around $25,000. |
What is Not Covered by Travel Insurance?
Before getting a travel insurance policy, you should know that the terms and conditions of each policy are different. And, many terms are not covered in the insurance plans.
So, it is your responsibility to meticulously check the terms, provisions, conditions, and coverage lists before getting one.
However, some of the common things that travel insurance companies do not include in their policies are:
- Malfunctioning of your electronic gadgets or essential work items.
- Damage due to the mishandling of your devices and gadgets while travelling.
- Your device and tech items are older than the coverage range of the policy.
- Items that do not have proper or legal purchase documents proving that it is yours.
Things to Keep in Mind While Choosing the Right Travel Insurance
Now that you know about the best travel insurance for digital nomads, you need to keep a few things in mind before choosing one.
Firstly, you should read the policy coverage and its terms and conditions properly. Moreover, this can help you to know exactly what is covered under the plan and make your decisions accordingly.
Secondly, compare different types of travel insurance before finalizing on one. Also, when you research through the different types of insurance policies, you can identify the one that best suits your needs.
Finally, check the tenure and global coverage of the policies. Since you will travel a lot while having digital nomad jobs, you need a travel insurance policy that offers worldwide coverage.
With digital nomadism’s promising work-life balance, workers are dreaming to become one asap. But with the insurance’s safeguard, it might not be as dreamlike as you want it to be. So, before you start living your digital nomadic life, get the best travel insurance to provide the safety cushion you need!
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