Purchasing travel insurance is usually the last thing on most traveler’s plates, especially when it comes to booking a holiday. While people see insurance as a necessary evil, it’s important that you subscribe to an insurance package, not just to protect your holiday but to also cover your and your family members in case of any eventualities.
What if your travel bag was damaged or lost while in transit? What if your travel booking was canceled or you need an emergency medical care abroad? These are things a suitable travel insurance will help you with.
Whether you already have a travel insurance provider in mind or you want to learn more about the best travel insurance providers on the market, the list of the best four (4) travel insurance providers below will blow your mind.
#1. SafetyWing
SafetyWing is a leading travel insurance provider as far as the insurance market is concerned. It is great for digital nomads and budget travelers. In fact, if you are always on the go, SafetyWing has insurance packages that cover every use. Compared to other travel insurance companies, SafetyWing offers low-cost insurance plans that are perfect for a nomadic lifestyle.
You can secure coverage for just $45.08 per month if you are 39 years of age or below. As you grow older, the rate also increases. For instance, those in their 40’s are expected to pay around $73.92 per month for secure coverage.
Pros
- The subscription model makes it easy for travelers to stay covered for long term.
- Younger travelers get the best deals.
- They are available in most countries of the world.
- They offer a low-cost travel insurance policy.
Cons
- There’s no coverage for extreme sports.
- The age limit remains 69 years.
Coverage
- Lost Luggage: Up to $3,000
- Medical Incidents: Up to $250,000
- Trip Interruption: Up to $5,000
- Travel Delay: Up to $100
#2. HeyMondo
HeyMondo offers incredible coverage amounts for both regular and not-too-regular travelers. If you desire a complete peace of mind, then we suggest you opt for this travel insurance provider. The company offers annual policies and one-off trip insurance plans that cover trips up to two months.
Pros
- There’s no deductible for medical tourism.
- Optional coverage for extreme sports
- 5% off for avid travelers.
- 3 tiers of plans to choose from
Cons
- It can be expensive depending on your policy needs.
- Age limit of 69 for trips under 30 days.
Coverage
- Lost Luggage: Up to $2,500
- Medical Incidents: Up to $500,000
- Trip Interruption: Up to $7,000
- Travel Delay: Up to $1500
#3. InsureMyTrip
This is the perfect travel insurance provider for seniors from any country. The company offers different packages, ensuring that you get the best coverage possible. Whether you are planning a medical tourism or you want a policy in case your travel booking is canceled, InsureMyTrip has got you covered.
Pros
- InsureMyTrip covers seniors (those over 69 years of age).
- The company has an amazing comparison algorithm.
- The customer support is top-notch
Cons
- It’s somewhat difficult to sort through the different options available.
- The service may not be available in some countries.
Coverage
- Most coverage includes lost luggage protection, medical protection, and trip cancellation protection.
#4. World Nomads
World Nomads is a travel insurance provider that is suitable for the more adventurous traveler. This company has policies for extreme sports like ATV outings and scuba diving.
Pros
- 24-hour assistance for added peace-of-mind
- They offer car rental coverage up to $35,000.
- The company’s policy covers extreme sports.
Cons
- Has a deductible for medical incidents ($250)
- No provision for seniors.
Coverage
- Lost Luggage: Up to $3,000
- Medical Incidents: Up to $100,000
- Trip Interruption: Up to $10,000
- Travel Delay: Up to $3,000
You can browse through each of these travel insurance providers to find out other information about them and learn how to get started.