In this day and age when the yen is depreciating significantly, you want to prioritize saving money and reducing costs when it comes to overseas travel insurance. Especially if you are staying for a long time. However, if you are going on a long nomadic trip, such as by purchasing a round-the-world airline ticket, you may be in trouble if your credit card’s supplementary insurance coverage expires. Check out SaftyWing’s safe overseas insurance on this page!
I’m planning to stay abroad for a long time as a nomad, but overseas travel insurance is so expensive…I wonder if there’s any insurance that I can buy at the lowest possible price.
It is also recommended for those who will be staying abroad for a medium to long term and who meet the following criteria.
·Backpacker
・Working holiday, study abroad
・Overseas migration
Click here for the lowest price recommended overseas insurance at $56.26 per month!
SafetyWing
What is SafetyWing?
SafetyWing is a startup company headquartered in California, USA. We are a fully remote organization spanning over 60 countries including North America, Europe, and Southeast Asia.
SafetyWing was founded in 2017. It was founded by three Norwegian nomads who were struggling with the lack of affordable travel insurance at the time.
“Nomad Insurance” introduced in this article is truly an overseas travel insurance for overseas nomads, by overseas nomads.
SafetyWing’s “Nomad Insurance”
SafetyWing’s Nomad Insurance literally translates to “Nomad Insurance” in Japanese. Overseas travel insurance + medical insurance for overseas nomads and remote workers around the world. We will introduce four recommended points and two disadvantages of Nomad Insurance!
SafetyWing March 2024 changes
You can now purchase insurance with a $0 deductible, which previously had a $250 deductible ($250 is an upfront copay) , and your claim will be covered from the beginning. To offset the deductible, users will receive a price adjustment from her $46.50 to her $56.26 (for users ages 10 to her 39).
Recommended points
- Insurance premiums are cheaper compared to Japanese insurance
If the insured person is between 10 and 39 years old and the destination does not include the United States, the premium is only $56.26* (approximately 6000 yen in Japanese yen) for 28 days. If you were to use a Japanese insurance company, you would be guaranteed to pay more than 10,000 yen for the same period, so you can save a lot of money.
- You can join from anywhere in the world
You can apply from where you are staying. In the case of Japanese insurance, you must take out insurance before you travel, so you can take out insurance whenever you like.
- Automatic renewal makes payment management hassle-free
It will be automatically renewed until 364 days have passed. This will help you avoid situations where your insurance is inadvertently expired. There are no fixed fees or procedures required even when crossing countries.
- Also compatible with the new coronavirus
This is a new target from August 2020. Those who apply from now on will be automatically included in the plan. This insurance is packed with attractive features for long-term residents overseas.
Click here for the lowest price recommended overseas insurance at $45.08 per month!
SafetyWing
Demerit
- Available in English only
All interactions with staff regarding insurance claims, including the website, must be conducted in English. If you are worried about English support, you may want to consider Japanese insurance as well.
- If the amount incurred is less than 250 USD, you will be responsible for the expense yourself.
Nomad Insurance has a deductible set at 250 USD.
For example, if the treatment cost is only 100 USD, you will have to pay the full amount yourself since it is less than 250 USD. Conversely, if the treatment cost is 500 USD, you will have to pay 250 USD out-of-pocket and receive compensation for the remaining 250 USD.
*Total conversion is possible within 364 days.
Although the insurance premiums are reasonable and there are limits on language support and deductibles, it is a good insurance to have in order to be prepared for major accidents and illnesses.
→From 2024, it will be 0USD! Even if it costs 250 USD, you will receive 250 USD compensation.
Nomad Insurance premiums and coverage details
Insurance fee
Insurance premium 56.26 USD (28 days)
point
- The above premium is for people between the ages of 10 and 39, and is 83.44 USD if your destination includes the United States.
- For each adult, one child between 14 days old and under 10 years old is covered free of charge. Applies to up to 2 people per family (group).
- Insurance premiums vary depending on age, such as 73.92 USD for those aged 40 to 49 and 115.92 USD for those aged 50 to 59 (not including the United States), so be sure to check the website carefully. Please.
- The minimum contract period is 5 days. It will be automatically updated for up to 364 days.
Compensation details (medical)
| Maximum limit | 250,000USD |
| Deductible amount | 250USD → 0USD (from 2024) |
| hospitalization | Room fee/nursing service fee |
| intensive care | Up to maximum limit (250,000USD) |
| ambulance | Usual and reasonable charges for hospitalization due to covered illness or injury. |
| Physical therapy and chiropractic | Up to 50 USD per day Requires prior instruction from surgeon |
| emergency dental treatment | Up to 1000 USD No deductible |
| Other medical expenses | Up to maximum limit (250,000USD) |
point
- The maximum limit means that you can receive compensation up to 250,000 USD. Please note that if you are over 65 years old, the maximum amount is 100,000 USD.
- The deductible amount means that you will have to pay your own deductible up to 250 USD.
- High-risk activities such as sports, chronic illness or injury, and cancer treatment do not apply.
Compensation details (travel)
| trip interruption | Up to 5,000 USD deductible not applicable |
| travel delay | In the event of a 12 hour delay requiring an unscheduled overnight stay, there will be no deductible of up to USD 100 per day (up to 2 days) |
| lost baggage | Up to 3,000 USD per certificate period 1 item up to 500 USD Lifetime limit of 6,000 USD No deductible |
| Natural disaster (if staying in a new location) | Up to 100 USD per day for up to 5 days, not subject to deductible |
| political refuge | Lifetime limit 10,000 USD, not subject to deductible |
| emergency medical evacuation | Up to 10,000 USD for life, not subject to deductible or maximum limit |
| personal liability | Up to 25,000 USD for life Third party injury 25,000 USD Third party property 25,000 USD Related third party property 2,500 USD |
| Death due to injury/dismemberment | Loss of 1 limb 12,500 USD Loss of 2 limbs 25,000 USD Lifetime high 25,000 USD Death 25,000 USD |
*Maximum benefit amount for one family or group is $250,000. Deductibles and maximum limits do not apply.
We recommend a remote work insurance plan if you would like to receive medical examinations or health checkups for pre-existing conditions .
How to apply for Nomad Insurance
Applying for SafetyWing’s Nomad Insurance is very simple. Please follow the 9 steps below.
- Click the “Sign me up” button on the Nomad Insurance home page
- Set up email address and password
- Set the “Start Date” and if required, check “I want an end date” and enter the end date.
If your destination includes the United States, check “Optional add-ons”
- Fill in “Phone Number”, “Gender”, and “Name of beneficiary” (name of person who will receive compensation in the event of death)
- Enter “Destination” You can select multiple countries you plan to travel to.
- If you want to register someone who will be traveling overseas with you, click “Add group member”. If you are alone, click “I am traveling solo”
- If there are no mistakes in the information you entered, check “My profile information is accurate” and click “Move to payment”.
- Enter your credit card information and residential address
- Click “Confirm Payment” to complete
The simple screen makes the process easy.
Click here for the lowest price recommended overseas insurance at $45.08 per month!
SafetyWing
How to claim Nomad Insurance
Next, we will introduce the documents required for requesting and the requesting procedure.
<3 documents required for insurance claim>
・Doctor’s medical certificate
·invoice
・Receipt or proof of payment
<Billing procedure>
- Access SafetyWing’s My Page
- Follow the four billing steps listed, fill in the required information on the billing form, and attach the three documents listed above.
- Once all steps are completed, you will receive a confirmation email in up to 3 business days.
- Claims will be processed within 45 days. You will not receive a notification email, so please check your My Page.
- Once your claim is approved, your compensation will be transferred to your bank account.
Reviews of SafetyWing
SafetyWing’s insurance is attractive to overseas nomads as it is cheap but comes with the necessary coverage. I think there are many people in overseas companies who feel a little worried.
<Positive reviews>
・This was my first time filing an insurance claim with Safety Wing, and I was surprised at how quickly it happened. Other insurance companies are reluctant to pay, but that never happened with Safety Wing. Customer service is really quick.
・As a digital nomad, I can recommend this insurance. I’m always on the move, so it’s great that I don’t have to worry about insurance for each destination because SafetyWing has you covered wherever I go. <For information on which countries you can become a digital nomad, check out the Digital Nomad Visa List Europe page>
<Negative reviews>
・Even though something happened that forced me to interrupt my trip, I was unable to make a claim.
・I claimed the medical expenses incurred, but the payment was refused.
SafetyWing has a reputation for quick response times. Even if you are unable to make a claim, you may need to continue contacting them without giving up until you receive a satisfactory answer or explanation. Other experiences with safetywing nomad insurance are posted in detail on a separate page.
summary
This time, we explained SafetyWing’s Nomad Insurance, an overseas travel insurance recommended for overseas nomads. Summary,
・Insurance premiums are cheaper compared to Japanese insurance
・You can join from anywhere in the world
・Automatic renewal for 364 days, no need to worry about payment management
・Compatible with the new coronavirus
That is an advantage. On the other hand, there are disadvantages such as the lack of support in Japanese (English only) and the need to pay up to 250 USD out of pocket. From this perspective, overseas travel insurance has great benefits.
Before applying, it is important to carefully check the coverage details and make sure that it suits your goals and plan.
When traveling to different countries, what nomads need is wifi!SIM card! By combining Airalo Esim and wise overseas remittance with SafetyWing’s Nomad Insurance, you can live the best nomad life overseas. Please take this opportunity to apply for both and have a comfortable trip! If you have free Wi-Fi, you can use LINE overseas !
\Click here for the recommended overseas remittance method that is cheaper than anywhere else/
Frequently asked questions about SafetyWing
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QWhat is SafetyWing’s “Nomad Insurance”?
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A
Nomad Insurance is an international travel insurance plan designed for digital nomads and long-term travelers. It includes various coverages such as medical expenses and emergency support.
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QIs there an age limit when applying for SafetyWing insurance?
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A
There may be restrictions on the age and plan content that can be applied, so please check the official website for the latest information.
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QIn which countries is SafetyWing insurance valid?
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A
Nomad Insurance is valid in many countries, but there are some regions and countries that are excluded. Detailed target areas can be found on the official website.
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QHow much does SafetyWing insurance cost?
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A
Prices vary depending on your insurance plan, area covered, age, etc. You can check detailed prices on the official website.
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QDoes SafetyWing insurance cover pre-existing illnesses or illnesses?
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A
Some pre-existing conditions or pre-existing conditions may not be covered.
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QCan I extend the insurance period with SafetyWing?
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A
In many cases, it is possible to extend the term of your insurance. However, there may be some conditions and restrictions, so please check them in advance.
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QHow will SafetyWing support you in the event of an accident or illness?
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A
“Nomad Insurance” has 24-hour support, 365 days a year, and you can receive the necessary procedures and support in the event of a sudden accident or illness.
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QIs a medical diagnosis required before using SafetyWing?
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A
A prior medical diagnosis is usually not required, but may be required depending on your specific conditions or plan.
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