12 min 
By 
1. What Is Travel Insurance for Nomads?
Travel insurance for nomads is a policy designed specifically for individuals who spend a significant time of the year workationing abroad. It provides coverage against potential losses while traveling. While most companies offer a standardized plan, some offer add-ons for extra coverage.2. Why Is Travel Insurance for Nomads Essential?
2.1 Medical Emergencies
If you get ill or injured during your stay, nomad travel insurance will cover your emergency medical expenses, including hospitalization, doctor consultations, and medicine. Additionally, if your host country does not have good medical infrastructure, it would also cover costs for emergency medical evacuation.2.2 Trip Cancellations or Interruptions
Natural disasters, sudden hospitalization, and civil unrest could cause you to cancel your trip or pay for a last-minute flight back home. These could lead to significant and unexpected expenses but if the reason for your canceled or interrupted trip is listed in your policy, you can have all your non-refundable expenses and hotel stays reimbursed.2.3 Lost or Delayed Baggage
Lost and delayed baggage are treated as two different issues.For instance, if your luggage is lost or stolen, travel insurance for digital nomads will offer compensation for the depreciated value of your baggage, but the amount you may receive as reimbursement will vary depending on the policy you’ve selected.However, if your luggage is delayed, you only get reimbursed for the cost of personal necessities.2.4 Personal Liability
If you accidentally cause bodily injury or property damage while traveling, insurance will cover all losses and damages sustained by the other party.2.5 Travel Delays
If your trip is delayed due to an unforeseen circumstance beyond your control, such as flight cancellations or an epidemic, travel insurance will reimburse you for all the extra costs due to changes in plans, including accommodation.3. 10 Best Travel Insurance for Nomads
3.1 Safety Wings
SafetyWing offers affordable insurance that covers over 175 countries around the globe. With their insurance, you’re covered for medical emergencies like hospitalization, intensive care, and physical therapy. It also shoulders unforeseen travel-related claims like evacuation due to natural disasters, baggage loss, trip interruptions and delays.
Pros:
- It has a set-it-and-forget-it model so you can make automatic monthly payments without worrying about setting an “end date” for your travels.
- You can purchase it before you depart or midway through your travels.
- The insurance package includes coverage for one child per adult and two children under 10 per family.
- For every 90 days you spend outside your host country, the policy will provide coverage for visits to your home for up to a month (15 days for U.S. citizens).
- It covers private healthcare so you can get treatment at the best hospitals.
- $250 deductible + the coverage maxes at $250,000
- Little to no coverage for high-risk sports and adventure activities
- Electronics are not covered
- Claims for scooter or motorcycle accidents will be processed and reimbursed only if you have an international scooter license.
- Does not cover pre-existing medical conditions
3.2 World Nomads
World Nomads offers two simple and flexible insurance plans: Standard and Explorer. They cover emergency medical expenses, baggage delay and loss, trip cancellation, and interruption or delay, among other things. They also have a solid extreme sports plan which provides coverage for high-risk activities like shark cage diving, but it can make your premiums go up significantly. They use different insurance companies to offer comprehensive travel solutions, so benefits vary from country to country. Read their terms and conditions to avoid unpleasant surprises. Pros:- Covers a lot of high-risk activities
- Provides coverage for loss or theft of expensive equipment
- Quotes are available for up to 180 days, but you can extend the policy online mid-journey to stay safe and secure during your travels.
- You can return home once during your policy period.
- Pays claims in a timely manner
- It is expensive.
- Extensions are levied at non-discounted prices.
3.3 Allianz Global Assistance
Allianz Global Assistance offers three insurance plans for travelers. They cover everything from trip cancellation, repatriation cover, personal liability, missed and delayed departures to interruption and emergency medical reimbursements to baggage delay or loss, but you need to purchase the policy before leaving. The company also provides detailed single trip travel insurance options to specific destinations for the U.S, Turkey, and European Union.
The insurance plans also provide HealthHero, a convenient service that connects you with a UK General Practitioner (GP) through telephone and video consultations with 24 x 7 availability.
Pros:
- It offers comprehensive benefits, including epidemic medical coverage.
- It has a “cancel anytime” feature.
- You can get up to $1 million in evacuation coverage with the OneTrip premium plan.
- Some plans include concierge services.
- Their plans are not as affordable as their competitors.
- Claims filing and processing can take about two months.
3.4 RoamRight
RoamRight, the brainchild of Arch Insurance Company, is one of the best travel insurance providers for families. It provides coverage for trip cancellations, emergency medical evacuation cover, interruptions, and delays, and you can upgrade your package to include coverage for bungee jumping and other hazardous activities during your trip. They offer three plans, Elite, Preferred and Essential, besides multi-trip insurance contracts for active travelers. Plus, it accepts claims from people with pre-existing medical conditions or those receiving ongoing medical care. Pros:- It provides coverage for a child below 18 years per parent at no extra charge.
- Coverage for missed connections or itinerary changes
- It offers flexible plans covering accidental death and dismemberment.
- It isn’t available to non-U.S. citizens.
3.5 Insured Nomads
Insured Nomads was created by folks who have lived the nomadic lifestyle so you can expect one of the broadest coverages through its packages.The company offers two options: Global Health and Travel Insurance. These include coverage for ER or urgent care, hospital stays, physician consultations, surgery, and related care. It even covers costs incurred due to mental health issues.
In addition, you can also get non-medical benefits, such as evacuation, repatriation, lost luggage, transportation, and trip delays. Plus, you can apply for an add-on for claims related to outdoor sports like mountaineering and scuba diving.
Pros:
- It has excellent coverage, processing claims up to $1,134,250 with the “Preferred” option and $5,672,125 with the “Preferred Plus.”
- You can choose your own deductible.
- It covers telemedicine consultations.
- Its “Travel Insurance” plan is available for short-term trips (with a duration of less than a year) or multiple trips during the 1-year coverage period.
- It offers travel alerts, country-specific datasheets, airport lounge access, etc.
- It is expensive.
- It does not cover short trips; the minimum policy period is one year.
- Does not cover all high-risk adventure sports.
3.6 Insure My Trip
InsureMyTrip does not have its own insurance plans. Instead, it provides a side-by-side comparison of insurance plans from different companies, allowing you to make better decisions. The package offers comprehensive coverage for medical purposes and has a “cancel for any reason” feature that allows you to get a percentage of your trip cost back. Pros:- It has hassle-free requests for claims and top-tier customer service.
- Has options for senior travelers up to age 65
- You can cancel the plan if you’re not satisfied at any time, although the refund policy will differ across providers
- It is a travel insurance broker, so you’ll be interacting with the middleman.
- Add-ons will be given by a third-party provider, not the travel insurance company you choose.
3.7 IMG Global
IMG Global offers several travel insurance plans. However, it only offers coverage for health-related issues, so you won’t be able to get reimbursement for loss of luggage, trip interruptions and delays. If you want travel-related benefits, you’ll have to get their “trip insurance” package. In addition, the company is pretty strict regarding the terms and conditions of the policy. It is not the primary health insurance, so if you travel to your home country for medical reasons, your insurance will not hold. Pros:- It has affordable plans with flexible deductibles (payable only once per year).
- It provides add-on coverage for adventure sports like bungee jumping and scuba diving. If you get lost, they’ll provide $10,000 for a search party.
- Cancellation and interruption for any reason are covered at no extra cost (for specific plans only).
- It has a stellar customer service team, making it easy to apply for claims.
- Extending the policy is affordable, but it will start a new policy period.
- "They don’t support direct billing, so you’ll have to pay medical bills out of pocket, then wait for reimbursement.
- U.S. citizens can’t return home while the policy is in effect while foreign nationals only get a 14-day grace period, after which their policy is canceled.
3.8 Travelex
Travelex Insurance is a family-friendly healthcare solution for digital nomads. It has different packages based on the duration of your stay. It covers up to $50,000 of medical expenses (which can go up to $100,000 with an upgrade) and its policies extend to trip cancellations and loss of baggage. Pros:- The policy provides coverage for children under 17 at no extra cost.
- It compensates the money you’ve lost due to trip cancellations or interruptions, so you can reschedule trips without paying extra.
- Travel delay coverage of $2,000 (per person) after a 5-hour delay.
- You can get an upgrade for adventure sports.
- It provides emergency evacuation to a medical facility.
- The cost of annual coverage is not as affordable as it should be.
- Baggage delay benefits only apply after a 12-hour wait.
- “Cancel for any reason” offers only 50% reimbursement of non-refundables.
3.9 AIG Travel Guard
AIG Travel Guard offers three different packages for digital nomads: Deluxe, Preferred, and Essential which vary based on the number of claims you’re eligible for.The Pack N’ Go Plan gives you access benefits beyond emergency evacuation and includes baggage recovery. With their Deluxe plan, you get 100% reimbursement for canceled trips and benefits for inconvenience from closed attractions, missed flight connections, and so on. Pros:- Offers medical and security-related evacuation coverage of up to $1 million.
- Reimbursement for baggage loss of up to $2,500
- Annual plan covers multiple trips during the 1-year period
- Has a “cancel for any reason” option, but you’ll have to get it as an add-on
- Includes concierge services
- $1,000 in benefits after a 3-hour delay
- Most of its plans are not available to global audiences.
- Requires a 12-hour waiting period to unlock the benefits
3.10 Integra Global
Integra Global covers all your medical expenses, including routine health checks, dental check-ups, mental health conditions, and so much more. Take note that their plans don’t provide travel-related coverage, so you won’t receive reimbursement in case of lost baggage or trip interruptions, cancellations, or delays. They provide 24x 7 emergency medical assistance, emergency evacuation, repatriation and ambulance services, and comprehensive Security and natural disaster (SAND) services. Pros:- You can choose from a variety of deductible options, going as high as $5,000. Once your deductible is paid for the year, your coverage applies.
- Coverage can be used for expenses at any licensed doctor or hospital.
- You can get an add-on to cover treatment costs for pre-existing conditions.
- Reimbursement can take 7 to 10 days, so you might have to pay upfront.
- Minimum one-year policy.
