Are you looking for an honest SafetyWing review? Is SafetyWing Insurance legit?
Well you have landed on the right blog post.
You are surely aware that one of the most crucial items to consider before any travel is your insurance.
Knowing what package suits your needs is also another thing.
SafetyWing is one of the many insurance service providers targeting global travelers.
To have an excellent review of SafetyWings’ insurance packages, it is important to make clarifications on the broader insurance packages available for travelers.
Travel Insurance vs International Health Insurance
Both travel insurance and international health insurance are some of the insurance packages available for travelers.
But not every package is suited for any traveler.
There are close distinctions between the two and one should therefore know which is the better option for them.
The major difference between them is just the scope of coverage.
This is a quick table showing the differences between the two policies that can be found on SafetyWings website.
Travel insurance is purposed for persons having short trips like business trips, short holidays, (anything not longer than 6 months) while in international health insurance, the coverage primarily targets persons that intend to spend quite a long time in another country say 1 year, and above, usually for work, education, retirement, etc.
Items covered in either insurance package also differ.
I’m going to break each one down into subcategories to give you a more in-depth understanding of the policy.
While international health insurance covers largely medical bills you have abroad (and sometimes in your home country), travel insurance covers, not just medical expenditures but also has provisions for trip disruptions.
Things like trip cancellation, trip interruptions, flight delays, loss of belongings, liability insurance are some of the things provided for in trip insurance and not in the international health insurance packages.
While on the other hand, you will be covered for things such as non-emergency medical treatment, regular medical checkups, maternity care, newborn care, pre-existing conditions, rehabilitation, cancer treatment, mental health care, etc. in international health insurance and not in travel insurance.
The latter in some cases also extends insurance to all your family members.
So, in summary, you should purchase an international health insurance plan if you'll be staying in another country for a long time.
This insurance covers routine health problems for a longer period.
It covers routine preventative and emergency care.
This means you'll be able to get the best medical coverage possible with international health insurance.
Having this type of coverage is essential for your peace of mind during travel.
Travel insurance is great for holidaymakers. It caters to emergency medical conditions and trip disruptions in the short term.
It can be expensive if you're planning for a long-term stay in another country.
The difference between travel insurance and international health care is very important, so you should carefully consider the details of each plan.
Nomad Insurance Policy
Pros Of The Nomad Insurance Policy
- Subscription model – can cancel at any time with no penalty
- Very cheap
- Personal liability cover included
- Simple pricing policy
- One child included at no extra cost on an adults policy
Remote Health Policy
Pros Of The Remote Health Insurance Policy
- In-depth medical cover e.g. cancer treatments, palliative care, health screenings etc…
- No travel benefits eg. (lost checked luggage, travel interruptions)
- Long term commitment (annual policy)
- Limited coverage in the United States, Hong Kong and Singapore for up to 30 days
- Very expensive for over 50s
- Doesn’t cover people age 74 and older
Each one of these policies has advantages and disadvantages, and it all depends on what you want cover for.
A general overview on SafetyWing Insurance
Where is SafetyWing based?
As I earlier introduced, SafetyWing is a Norwegian startup that was founded in 2019 and is one of the many insurance service providers targeting global travelers.
They offer two major insurance products;
- Nomad Insurance
- Remote Health
In respect to the distinctions, we drew out earlier on, SafetyWing’s Nomad Insurance is the equivalent of travel insurance while their remote health insurance is the equivalent of the International Health Insurance.
For this article however, I will assess the SafetyWing Nomad Insurance package across three merits;
- The legality of the entity
- The breadth of their coverage
- The efficiency of their claims process
- The ease, and clarity of documentation in the process of buying a policy
First things first, SafetyWing is not a fly-by-night operation!
It is a legally registered business and that should give you the assurance and peace of mind that the business is legitimate and all your transactions with them are safe and legally binding.
SafetyWing is a legally established Norwegian Firm registered under the name SAFETYWING INSURANCE SERVICES AS with business number 922 766 010.
Their registered physical address is Veverigata 18, 4514 MANDAL
This is a score of 100% on the first merit.
2. The breadth of their insurance packages
a) SafetyWing Nomad Travel Insurance Package
There are general things any nomad insurance/travel insurance package should provide for.
I will list those items here and indicate to you whether SafetyWing covers them or not.
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SafetyWing does not entertain claims arising from pre-existing conditions, birth defects, mental health disorders, pregnancy, impotence, all STDs, cancer, substance abuse, acne, sleep disorders, self-inflicted injury, routine medical examinations, dental care, organ or tissue transplants, orthopedic services, anything not medically necessary, and anything whose charges exceed normal or usual fees.
You can find the detailed policy here https://safetywing.com/nomad-insurance/description-of-coverage.pdf
In terms of depth of coverage, SafetyWing’s Nomad Insurance scores 70%
Reasons you should consider SafetyWing’s package over the others
1. Ease of application
It's easy to apply for a SafetyWing policy. You just fill out a simple form online, which is similar to a Netflix subscription.
You can sign up for it from any location.
2. Flexible policy
This service offers flexible payment plans. You can choose a specific end date or extend your coverage period.
If you aren't satisfied with your experience, you can opt for the 30-day or 365-day cancellation period.
Moreover, you can cancel your policy at any time by choosing a suitable end date for your coverage.
The policy is flexible enough to fit into your lifestyle. If you're traveling on a budget, you can get an affordable and comprehensive plan that will suit your needs.
3. Ease of making claims
The policy has a straight forward claims process. The company's website has an easy-to-use claims form that walks you through the process.
Simply fill out the form and attach receipts from the pharmacy and hospital visits.
If you are a parent, you can send your child an ID card to show to your SafetyWing medical attendant.
Your claim will be processed within 24 hours.
Once approved, you will receive your cash by wire transfer within thirty to forty-five days.
4. Solid reputation
The website has a solid reputation with customers, with a 4.3/5 TrustPilot rating and numerous positive reviews.
5. Freedom of Choice
You can visit any doctor or hospital you wish, regardless of whether or not the hospital accepts SafetyWing insurance.
However, if you want to get a fast payout, you can choose a hospital that accepts the Direct Billing option.
6. Global Coverage
SafetyWing also works with Tokio Marine, a world-renowned insurance giant.
As a result, you will be covered almost anywhere in the world.
With its flexible policy and comprehensive coverage, you'll be able to go anywhere without worrying about the financial aspects.
Read Also: How to travel Dubai On A Budget Of Only $495
The site has an extensive database of hospitals in other countries, which means you can use them for your medical care needs.
In terms of price, the premiums for the safety-minded Normad insurance plan start at $10 for 7 days of coverage.
Then, the premium increases according to your age band, and destination choice.
8. Coverage for COVID 19 – SafetyWing covers COVID-19!
The company is very clear about what each plan does or doesn’t cover.
What Does SafetyWing Cover?
SafetyWing’s standard plan is the “Nomad” plan. It’s just $40 USD for four weeks of travel (outside the US). That works out to just $1.42 USD per day.
That plan includes the following:
- $250,000 USD in emergency medical coverage
- $1,000 USD for emergency dental care
- $100,000 USD for medical evacuation
- $10,000 USD for an evacuation due to political upheaval
- $5,000 USD for a trip interruption
- $200 USD for a travel delay
- $12,500–25,000 USD for death or dismemberment
What’s NOT Covered?
Several things aren’t included with either of SafetyWings policies. Including:
- Trip cancellation – This is usually a big priority for travellers, so it’s a big put-off for many people. However, the Nomad Insurance policy is tailored specifically towards nomads and long term travellers, so cancelling a trip before you leave your home country isn’t usually relevant.
- Stolen luggage or personal items – They only cover checked luggage that has been lost after it’s been checked in with your transport provider.
- Pre-existing health conditions – This is pretty standard for travel insurance providers. However, they do have limited coverage for acute onset of pre-existing conditions
- Certain big adventure sports – Although they cover a variety of sports and activities, they don’t cover the big adventure sports such as paragliding, parachuting, and hiking at elevations of 4,500m and higher. It’s important to check the website on which sports are covered before buying your policy.
- Travel to Iran, North Korea and Cuba – These countries are not covered by SafetyWing.
Reasons to avoid SafetyWing Insurance
- SafetyWing (just like any other travel insurance provider though) charges a high premium for coverage in the United States, Hong Kong, and Singapore.
- While they provide coverage for COVID 19 medication, COVID-19 tests are only covered when they are deemed necessary by a doctor. Antibody tests, on the other hand, are never covered as they are not medically necessary.
- While many people claim the policy can be upgraded to include Trip Cancellation Without Reason, I have not met any such option in the process of purchasing any policy.
General things to consider before purchasing Travel Insurance
There are several things to look out for when purchasing a travel insurance policy.
A good policy will allow you to travel abroad without having to worry about medical costs.
However, it is important to note that not all policies are the same.
You should check for terms and conditions that you feel are important.
For example, make sure that the policy will cover not only when you get sick or injured during your trip but also the cost of pre-booked tickets and non-refundable transactions.
Before purchasing a travel insurance policy, make sure to read the fine print.
Most policies have an excess. If you have a $500 excess, you will have to pay for the replacement cost of your items below USD 500.
You will be reimbursed the rest of your money.
The higher the excess, the cheaper, but worse, the policy will be.
You should also make sure that you can afford to pay the excess if you need to cancel.
Another thing to look out for when purchasing a travel insurance policy is the terms and conditions.
While most policies cover emergency medical expenses, the limits can be very high.
For example, you should check the terms and conditions of the medical portion of the policy.
This part of the policy will only cover emergency care. It will not cover the cost of normal medical care.
You should also look for cancellation and loss of income provisions.
Some travel insurance policies may contain confusing terms and misleading claims.
Be sure to read the fine print of the policy before buying it.
The more details you know about the policy, the easier it will be to compare different policies.
Remember that you should purchase your travel insurance as soon as possible after making your travel decision.
It is important to remember that you will never get 100% of your money back, but you may receive a good percentage.
You should make sure that the plan covers the expenses that you are most likely to face while traveling.
Some plans only cover emergency medical expenses while others cover the costs of delayed or lost luggage.
As long as you understand what your coverage covers, you can make the right decision.
You should also pay close attention to the fine print when deciding on a travel insurance policy.
It will protect you in case of unforeseen circumstances.
You should also check for specific conditions. The amount of coverage that you receive in a travel insurance policy can vary greatly.
There are many different policies that cover a variety of different types of expenses.
Some of them have specific conditions that may not be covered by your policy.
When comparing policies, be sure to read all of the fine print carefully.
Moreover, make sure to read the “exclusions” list before purchasing a travel insurance policy.
The coverage and the price should be based on your personal needs.
The best coverage is not necessarily the cheapest, so read the fine print of the policy and make your final decision based on that.
Be careful not to pay too much just to get a higher amount of coverage.
In addition to this, the coverage should be flexible, which allows you to add or remove coverages if you need to.
A good travel insurance policy should cover cancellations and delays due to illness or death.
It should also cover lost luggage and some emergency medical costs.
Ensure the policy covers these conditions. You should read the fine print to ensure that you are protected.
The coverage of a travel insurance policy is an investment in your future.
It is important to be aware of the risks that you face when traveling abroad.
Having travel insurance is an invaluable investment that will protect you and your family.
Once you've purchased your policy, you can review it at any time.
Conclusion: SafetyWing Travel Insurance Review – Is it Legit?
If you're traveling as an individual or as a family for a short trip, SafetyWing Insurance may be the best option for you out there. I highly recommend it.
I hope you found this SafetyWing travel insurance review helpful.
Now I would like to hear from you.
What insurance plan have you been using?
Are you considering moving to SafetyWing for all your insurance needs?
What country are you traveling to?
Let me know in the comment section below.
Also share this review of SafetyWing with your friends and family.