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One thing we purchase before our international travels is travel medical insurance. This is something we didn’t do when we were younger, but now that we are older it’s something that is on our travel to-do list. For the past couple of years World Nomads has been our go-to insurance company, but on our most recent trip to London we purchased our travel medical insurance from SafetyWing.
Both SafetyWing and World Nomads provide coverage for medical and trip insurance; however one of the biggest differences we came across was the cost of coverage. Candy purchased insurance from both companies (to compare costs) on our recent trip to London and SafetyWing’s total price for the 5-day trip was $6.60. In comparison, World Nomad’s price was $54.99. Yes, the difference is HUGE, but of course the coverage you receive is different. Depending on what you want covered will help you decide which insurance best suits you.
Everyone has different needs, so we highly encourage looking at the plans and to use the infographic below as a starting point. We want to point out three significant differences we noticed between the two insurance plans:
1. Plan Options
With World Nomads, you can pick from two different plans: Explorer and Standard. Whereas with SafetyWing, they keep it simple and there is only one plan option.
2. Electronics Coverage
With World Nomads, they offer coverage for personal effects (laptop, camera, phone, etc). SafetyWing does not cover electronics such as phones, laptops, and cameras. If you prefer to have your personal effects covered than it’s best to look into World Nomad’s different options. But if you don’t lug around a lot of these electronics with you, there is no need to have these items insured; therefore, SafetyWing might be a better plan.
SafetyWing does not currently include electronics & valuables coverage, but this will be added as an option by the end of the year.
3. Trip Activities
This is the category you really want coverage for and it is probably why you are buying insurance in the first place. You want coverage for those unexpected mishaps where you might need to make a trip to the hospital. Of course both companies provide this; however, if you have high risk sports in your itinerary, you may want to look into World Nomad’s Explorer plan. Basically, if you have plans on participating in extreme sports on your trip, take a look at the list of activities that are covered. You might be surprised as to what is considered “extreme” sports.
SafetyWing does not currently include comprehensive extreme sports coverage, but they are in the works to launch this by the end of the year.
We’re not insurance experts and only encourage you to look into getting coverage as you never know what can happen on your vacation. The last thing you want to worry about or regret is not having any insurance. Please do not simply rely on the infographic pictured above. Looking over that is a great starting point, but always make sure to read the fine print.
One more thing, both SafetyWing and World Nomads have very user-friendly websites and it’s so much easier to navigate and understand them compared to other insurance sites we have looked at. We also like that both companies were created by nomads themselves, so they know what us travelers want and need.