Travelling the world with a laptop is a fantastic way to explore our beautiful planet, and one that doesn’t require you to save for years beforehand. If you’re eager to see what other countries are like to live in and discover what other cultures have to offer, it’s quite possibly your best option. If it’s one you eventually decide to pursue, you’ll want to arrange adequate insurance coverage before you set off on your adventures. Read on to find out what you’ll need.
Health, Life And Travel: The Three Pillars Of Insurance For Digital Nomads
In our experience, there are three crucial elements that should form the core of any digital nomad’s insurance plans: health, life and travel insurance.
- Health Insurance – Depending on where you live, you may currently enjoy free or subsidised healthcare, which is a valuable benefit. But if you decide to travel the world as a digital nomad, you won’t be able to rely on government health services when you fall sick. For this reason, health insurance should be at the top of your insurance shopping list. Invest in a policy with a small excess and generous coverage for both in and outpatient care. You’ll thank yourself.
- Life Insurance – Not every digital nomad considers life insurance as essential, but we do. You owe it to yourself and your family to insure your life before setting out on your travels. Whether you’re shopping for life insurance in Australia, New Zealand or another part of the world, you should be able to find a policy that’s valid worldwide. Most of the larger life insurance companies are happy for their policyholders to travel overseas, although they do reserve the right to refuse coverage for high-risk areas. If your travel plans include visits to war-torn countries in the Horn of Africa or regions of the world where natural disasters are an ever-present concern, you may have difficulties finding a company that’s willing to offer the life insurance coverage you need.
- Travel Insurance – If you’ve already started planning your new life as a digital nomad, you probably don’t need us to explain the importance of travel insurance, but we’re going to anyway, because it’s that important! The more you travel, the more you run the risk of encountering delays that end up costing you money. In these situations, reliable travel insurance is invaluable. While nothing can really make up for an unplanned night at a transfer airport, a comfortable ensuite room in a luxury hotel, a good dinner and a hearty breakfast, all on your insurer, will certainly go a long way to soothing your jangled nerves.
With these three pillars in place, you’ll have all the basics covered. If you’re keen to take more precautions, see below for some closing ideas.
More Insurance For The Extra Cautious
If you’re someone who likes to be thorough, you may like to consider adding professional liability insurance and identity theft insurance to your shopping list to ensure that all eventualities are covered.
Thanks for stopping by!
Magda
xoxo