Insurances for digital nomads: SafetyWing

Buying insurance is an investment in your own well-being and peace of mind. Saving money on safety can have serious consequences, as treatment abroad is expensive.

Let’s talk about insurance for digital nomads.

Regular travel insurance expires 90 days after crossing the border, which is not enough for long trips. Alternatively, you can buy health insurance from international companies, but they are more expensive.

But there is a way out of this situation – special insurance for digital nomads who spend a lot of time abroad.

The pros of insurance for digital nomads:

• Budget prices.
• You don’t have to be tied to a particular country.
• Ease of purchase and cancellation online.
• Extensive coverage in most countries.
• Annual policy with payment by month.
• Ability to purchase insurance while traveling.

While there are some drawbacks, this insurance remains the most affordable option for long-term travelers.

We decided to compare foreign insurances for digital nomads SafetyWing and Insured Nomads. Calculating the effectiveness of insurance is difficult because. there’s a lot of fine print. In this piece, we have tried to formalize everything about these insurances as much as possible.

What is important in insurance: cost, duration, countries of coverage and a set of insured events.

SafetyWing

SafetyWing is currently the most popular insurance for digital nomads.

The product has a mobile application that makes it easy to buy a policy and control costs. Coverage is available in 180 countries, providing reliable protection while traveling extensively around the world. It is based on a monthly subscription that can be canceled at any time. Both short trips and annual plans are available, allowing for spontaneity and eliminating the need to plan ahead.

SafetyWing offers travel insurance with a wide range including lost luggage, trip delay, etc.

• Restrictions: professional sports
• Validity period: 365 days a year
• Price per covered month: $45
• Insurance deductible: $250
• Minimum coverage: $250,000
• Communication: free communication in case of an insurance claim – Skype
• Bonus: a child under 10 years old is included in the adult price

Insured Nomads

• Scope of services (minimum): Covered only for hospitals and emergency dentistry
• Restrictions: professional sports
• Validity period: 365 days a year
• Price per covered month: $200
• Insurance deductible: $500
• Minimum coverage: $500,000
• Communication: free communication in case of an insured event – app
• Bonus: it works like travel insurance in emergencies, and after a few months it starts to cover routine doctor’s appointments, childbirth, laser vision correction, preventive dentistry, etc.

Insurance for digital nomads is not just an option, it’s your reliable support as you travel around the world. It provides you with protection and peace of mind even in the most remote corners, ensuring financial security and keeping you enjoying your adventures.