SafetyWing Nomad Insurance Review: Best Travel Insurance?

SafetyWing is one of the best travel insurance companies for nomads. In this review, we will cover everything you should know before using SafetyWing travel insurance.

There are many different ways to delight in a travel experience, and one of them is to do so as a nomad. Backpackers have a way of managing to enjoy delightful experiences without the need to pay an arm and a leg for everything.

Unfortunately, there are a lot of negative things that can happen, ranging from annoying to straight-up prohibitive to your travel experience. What are we talking about here?

Think about it for a second. You could sustain a terrible injury as you bike around your favorite destination or you could even lose your luggage and other belongings, which would make getting your trip started on the right foot difficult.

What kind of recourse do you have in these kinds of situations? Do you just suck it up? That's why we're here today to talk about the idea of digital insurance and what it may mean for you. There are many options to choose from, but there's a reason why you may want to choose SafetyWing over most travel insurance companies.

We want to comprehensively explore SafetyWing today as we wish to ensure that you have the full picture to make an informed purchase decision.

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What Is Safety Wing Insurance?

This is a great place to start. How about a bit of background? Based in California, it's the perfect place to offer insurance for digital nomads, considering that it's a distributed operation consisting of fully remote workers. What's the best part? These aren't random insurance agents who aren't too keen on the context of what nomads do.

SafetyWing happens to be run by ex-pats and nomads, which means that the staff can very much relate to the struggles and necessities that come with the territory. You can get an insurance plan that covers eligible medical expenses and travel expenses, while only having to pay a fraction of what you would elsewhere.

Of course, this also means that the breadth of the coverage here is on the more limited side of the fence. However, don't think that what you get is below par because it's not the most comprehensive health insurance option out there. Many will tell you that this is the best travel insurance company out there and there are very good reasons for those kinds of glowing recommendations.

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How Does Safety Wing Nomad Insurance Work?

We can't do a Safety Wing review without talking about how it all works right? Effectively, there are the Nomad Health and Nomad Travel policies, which have been carefully crafted to ensure that they meet the needs that remote workers, digital nomads, and frequent travelers will have.

As an owner of a policy from SafetyWing, you are covering yourself with affordable travel insurance that allows financial security, which is very useful in a pinch if something happens to go wrong.

You will choose a start date, and from that point on, your insurance policy will do an automatic renewal every four weeks or 28 days. Of course, you can choose a termination date when you no longer wish for this to take place.

Covering medical emergencies, nursing services, intensive care, and other eligible medical expenses is a huge plus when you have this kind of freedom. The short-term setup and the cancellation policy are meant to make things easy since it means that you can simply cancel it based on when you know your adventure is going to wrap up.

When the time comes that you do need the insurance policy to work on your behalf, it's pretty simple. If you need medical care, for example, you can browse the web for nearby member hospitals. The bill will be sent directly to SafetyWing, meaning there is no charge for you as the policyholder to cover.

Alternatively, you are free to consult with a medical center, pay out of pocket, and simply complete the claims process on the SafetyWing website.

Specifics of Safety Wing Insurance Coverage

Why don't we take things a step further and look into exactly what the figures look like here? For reference, the standard insurance plan that SafetyWing offers is known as the "Nomad" plan. If you're going to be traveling outside of the United States, you're only looking at $45.08, which is a daily cost of $1.50. How's that for a good deal? If you're under age 64 years old, you can look forward to the following elements of coverage:

Repatriation of remains: $20,000
Evacuation due to political upheaval: $10,000
Medical evacuation: $100,000, but this will be reduced to $25,000 if the reason for the evacuation is associated with a pre-existing condition
Emergency dental care: $1,000
Emergency medical coverage: $250,000
Trip interruption: $5,000
Travel delay: $200 maximum limit
Death or dismemberment: $12,500 -$25,000

As good as all this sounds for the admittedly low cost, you do want to ensure that your bases are covered. When you are ready to get your own plan, ensure that you check the figures and any conditions that may be in the mix. For example, one of the reasons SafetWing manages to be so cheap is the inclusion of deductible personal liability.

In other words, there's an amount you need to pay out of pocket and the insurance company will handle the rest. This is not something you'll find with most other travel insurance companies. Be that as it may, it's only $250. If you need emergency medical coverage, for example, $250 is a drop in the bucket compared to the $250,000 of coverage that you are allocated.

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Health Insurance

When you look up what previous travelers had to say, you may notice Nomad Health reviews are different from Nomad Travel reviews, and there's a reason for this. As indicated before, the two are offered under the SafetyWing umbrella.

On the medical insurance side of things, you'll be covered for allowed incidents that would see you needing medical care. This gives a great deal of support and peace of mind. When you're abroad and something out of the ordinary happens, it's easy to become flustered.

Knowing that you have your insurance company to rely on makes the thought less anxiety-inducing. Of course, you should still take reasonable steps to avoid needing to use the policies, as that would mean you may have some agonizing experiences to go through.

Travel Insurance

Travel-related incidents are the other side of the coin as a user of SafetyWing. This is a great addition to the medical incident and claim side of things. The good thing here is that it is deductible-free, meaning that you don't need to worry about covering a portion of the cost for the insurance company to do its part.

So, what kinds of incidents are covered here? Well, some of the ones that come to mind are travel delays, natural disasters, personal liability, emergency response, etc. All of these are pretty helpful when the specific situations come up.

For example, you likely aren't trying to hurt anyone on purpose. However, you never know what can happen. Maybe you end up causing some kind of accident that would cause you to break the bank if you didn't have an insurance policy on your side.

What Are Some of the Upsides of Working with the Travel Insurance Company?

SafetyWing travel insurance is like the gift that keeps on giving. For example, while some people choose to leave home without travel insurance, which is not recommended, some people genuinely forget to take out a policy. On the flip side, maybe you concluded that you want to do so after arriving at your destination.

If that's the case, there's nothing to worry about. This is the beauty of a remote company that understands how nomads operate. You can set up your contract from anywhere, and that includes overseas locations too.

Why don't we look at some of the other things that SafetyWing does right and very much so?

Home Country Use

Since this is travel insurance, the natural assumption is that it's something that you'd only ever be using while you're overseas. Depending on the context, that could be the case, but it doesn't end there. If you want, according to each type of insurance, you can make use of your coverage while you're in your home country. Still, it's good to check what you can and can't do beforehand.

Child Inclusion

What if we told you that children up to 10 years old can be covered by your policy too? One child may be covered per adult, but there may only be two covered children per family, and this comes at no additional cost to you.

Travel Insurance

This is along the lines of what we discussed in the previous section. It's incredibly convenient to know that you will be covered in the event of certain missteps that are more likely than you realize. For example, airlines lose luggage all the time. It could very well happen to you, and then what?

Continuous and Flexible Coverage

If you want to terminate your policy you can do so at any time convenient to you. If you don't, however, you get to enjoy that kind of set-it-and-forget-it workflow since the policy will automatically renew every 28 days without your needing to do anything.

Medical Coverage

Given the low price, the medical coverage that you get with SafetyWing is super impressive. It helps that a global network of hospitals and a team of doctors are part of the SafetyWing family, meaning that help should never be too far away.

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A Few Cons to Keep in Mind

There's no doubt that SafetyWing is nothing short of incredible. Be that as it may, there are a few downsides that you want to pay attention to, especially since as we mentioned, there are certainly limitations present.

Coverage is not offered to those over 69 years old.
Costs will be greater for travel insurance the older you are
Theft or baggage lost by you is not covered
Other insurance companies are out there that do provide higher payouts
Certain high-risk activities are simply not covered.

Again, take the time to find out the details of where you are covered and where you are not, so you are prepared ahead of time.

What Kind of Health Insurance Coverage Do You Not Have?

As you can probably tell, the idea of SafetyWing is to offer coverage for basic travel mishaps and medical emergencies. In fact, this is typically how nomad insurance will work. With that said, here's a quick look at safetywing cover some things that are not going to be covered:

Accidents related to being under the influence of alcohol or drugs
Cancellation of trips
Lost or stolen cash
General medical check-ups or any pre-existing conditions
Extreme adventure activities and sports including, bungee jumping, whitewater rafting, parasailing, parachuting, boxing, and more.

Addressing the Deductible

We spoke about this before, but let's get a little more practical with it, shall we? Again, the presence of the deductible here is why you'll be paying less for SafetyWing than you would pay for other insurance companies monthly.

Most expenses are going to require you to meet that $250 deductible requirement, so it's a good idea to have it in your mind and budget that you'll need to have it to pay just in case any unexpected challenges arise.

There are two ways to think about this though. For larger expenses, it's no problem since $250 is nothing compared to what those medical bills will look like. However, there are a few lower expenses.

If the coverage amount needed is $200, for example, that will be an out-of-pocket payment, which means that there is no reimbursement for you to get paid in that case.

Making Contact and Getting Started

Let's say what you've read has convinced you and you are ready to get started with your SafetyWing insurance policy. How will this work? Remember that this is a company that you can set up a contract with anywhere at any time. You should verify the available countries before you start though.

Sure, flights being available in over 170 countries is a huge win for SafetyWing, but you do want to ensure you are looking at one of those countries as your destination.

The actual registration process is very straightforward:

Create an account on the SafetyWing website.
Choose your start date
Pick your destination
Put in the traveler's particulars
Enter your payment details and pay

Do You Actually Need Travel Insurance Companies?

You don't have to take out a travel insurance policy before you depart. After all, there's no legal requirement for you to do so. However, for the peace of mind and protection you are afforded, doing so is well worth the cost, especially when you hear the price is so low.

Final Remarks

Traveling as a digital nomad, and saving yourself money can be a rewarding experience. However, you cannot lose sight of the fact that unfortunate travel and medical mishaps can happen at any time. What do you do if this is the case?

In this SafetyWing insurance review, we went over several important pieces of the puzzle including the policies available, some of the coverage figures, what kinds of coverage are offered, and even how to get your policy going.

We highly recommend SafetyWing as it strikes the world the best balance between price and value. It's also great to work with a company that has an understanding and appreciation for what you are doing as far as travel is concerned.

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