Once you set to go on a long-term trip, travel insurance is a must-have.
For us, it has been extremely helpful, especially when our MacBook Pro was irremediably damaged by orange juice on the very first day of our trip.
While we were planning we have spent a lot of time researching travel insurance policies, therefore we compiled a list of things to consider when choosing your insurance, as well as our shortlist of 3 candidates. Scroll down to find out who was the winner.
There are two important things to know about travel insurance:
Most important things to consider when choosing travel insurance
Location coverage
Make sure you read and select the suitable options for your insurance, as you may not be covered everywhere.
Medical expenses, accidental disability, and repatriation cover
Usually, insurance policies cover you in case of medical emergencies. However, this is hugely important as you don’t want to find yourself in countries like the United States with a bill that will cost you three times the price of a year-long trip.
Trip cancellation and delay
Another important thing to consider when choosing your insurance policy is to cover any delays or cancellations. You have two things to consider here, namely to cover in case your flight or activities are delayed or canceled but also if you must cancel your trip due to unexpected events in your home country. For the latter situation, if you must pause your travels for, let’s say, your grandfather passing, some insurance policies cover your flight back home and back to where you were last during your travels
Personal liability
This simply means that you are covered for accidents that may happen at your fault during your travels and you must pay for the damages.
Legal expenses
This means that you are covered in case something happens to you, and you or your representative want to claim for compensation against negligence by a third-party.
Baggage, money, and documents
In most cases, you will be covered for some of the above, within a limit. This comes in very handy if your airline misplaces your luggage, or if your money and passport are stolen during your trip.
Other things to consider
The cost of travel insurance
Each travel insurance has different plans you can choose, depending on your nationality, age, destinations, and trip length. Some of them may also cover extreme sports, equipment, and other extras at an extra cost.
The best travel insurance companies on the market
World nomads
This is probably the most popular option among long-term travelers. World Nomads is the market leader in terms of long-term insurance.
Pros of World Nomads:
- The insurance covers you for dental treatment.
- You get to have gear insurance included.
- It includes cover for a lot of extreme sports.
- You can return back to your home country in case of an emergency, and resume your travels afterward.
Cons of World Nomads:
- The policies offered are quite pricey
- Extension of your cover in case you decide to travel for longer than the duration of your insurance is more difficult to make.
- It doesn’t cover insurance for the coronavirus pandemic.
World Nomads Pricing
For a 27-year-old US resident who wants to travel to Asia, Europe, and South America for 4 weeks, World Nomads offers two plans.
The difference between the two is the policy cover sum, and the Explorer plan also offers coverage for Rental Car damage (where permissible)
Safetywing
Another very popular option right now is SafetyWing, backed by one of the biggest insurance companies, Tokio Marine.
Pros of Safetywing
- It the most affordable option.
- The website is very user-friendly, which makes it easy to apply.
- It is easy to renew your cover.
- The insurance covers dental emergencies.
Cons of Safetywing
- It doesn’t cover for gear or lost luggage.
- It doesn’t cover for some extreme sports.
- There is no cover for cancellation.
- It doesn’t cover personal liability.
- The policy does not cover for coronavirus.
Safetywing pricing
For a 27-year-old US resident who wants to travel to Asia, Europe, and South America for 4 weeks the price is only $42, or $1.5 per day. However, if you also want to cover for travel within the US, the price goes up to $77, or $2.75 per day.
True Traveller
True Traveller, our personal choice, is another great option as it offers a lot of extras that you may or may not want to include in your cover.
Pros of True Traveller
- It offers a wide range of cover personalization options
- You can opt for $0 excess on your plan
- It offers the option to buy insurance if you already started your travels
Cons of True Traveller
- it is only available to European residents
True Traveller pricing
For a 27-year-old UK resident who wants to travel Worldwide except for US and Canada for 4 weeks, True Traveller offers three plans:
Heymondo
Heymondo is a newly discovered travel insurance company that is really appealing for travelers.
Pros of Heymondo
- It is available for travelers from any country
- A 24/7 Travel Assistant App comes with any policy you get
- It covers those already traveling
Cons of Heymondo
We didn’t find any for Heymondo.
Heymondo pricing
For a 27-year-old US resident who wants to travel to Asia, Europe, and South America for 4 weeks, Heymondo offers three plans.
- Basic, which starts at $82.8 per month ($78.66 if you use this link), or $2.95 per day.
- Top, which starts at $118.06 ($112.16 if you use this link) per month, or $4.2 per day
- Premium, which starts at $122.22 ($116.11 if you use this link), or $3.56 per day
Conclusions
We have initially chosen True Traveller due to the wide range of personalization options, most importantly because we have been able to cover our equipment that was older than 1 year, something most gear insurers don’t accept. After one year with True Traveller, we decided to try Heymondo for our travels in Africa, and we are happy with it.
So, if you don’t need as many personalization options, we would definitely recommend Heymondo travel insurance, as it is both affordable and offers great cover.
* Affiliate Disclaimer: Some of the links in our articles are affiliate links. This means that if you click on the link and make a purchase, we may earn a commission at no additional cost to you. We only recommend products and services that we believe in and that we think will be useful for our readers.