world-nomads-travel-insurance-review-2023

World Nomads travel insurance review 2023

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World Nomads Travel Insurance

World Nomads Travel Insurance

from participating partners with Squaremouth

World Nomads Travel Insurance

Details

Pros & Cons

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Coverage for 200+ activities like skiing, surfing, and rock climbing

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Only two plans to choose from, making it simple to find the right option

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You can purchase coverage even after your trip has started

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If your trip costs more than $10,000, you may want to choose other insurance because trip protection is capped at up to $10,000 (for the Explorer plan)

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Doesn’t offer coverage for travelers older than 70

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No Cancel for Any Reason (CFAR) option

Highlights

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  • Coverage for 150+ activities and sports
  • 2 plans: Standard and Explorer
  • Trip protection for up to $10,000
  • Emergency medical insurance of up to $100,000
  • Emergency evacuation coverage for up to $500,000
  • Coverage to protect your items (up to $3,000)

Additional Reading

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If you’re looking for travel insurance that allows you to confidently participate in a wide range of sports and adventure activities around the world, then World Nomads might be right for you. The company’s policies cover travel to almost anywhere on the globe and are available to residents of nearly every country. 

Travel insurance plans from World Nomads

World Nomads has two basic policies: Standard and Explorer. Each covers essentially the same things, but Explorer has higher amounts that World Nomads is willing to pay out for claims. The company’s policies cover more than 150 specific activities. These range from bungee jumping and rock climbing to hang gliding and hot-air ballooning. You can see the full list on the company’s website.

Insider’s Featured Travel Insurance Companies

  • World Nomads Travel Insurance

  • Allianz Travel Insurance

  • Travelex travel insurance

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Editor’s Rating

4.5/5

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Editor’s Rating

4.7/5

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Editor’s Rating

4.33/5

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Additional coverage options from World Nomads

At of September 2022, there are no additional coverage options from World Nomads beyond what’s included between the Standard and Explorer plans. This isn’t uncommon among travel insurers. The more upgrades, the more the policy will cost. 

One of the most common upgraded features of a travel insurance policy is cancel for any reason (CFAR), where you really can cancel for reason beyond what’s in a standard policy. This is not available on every policy, but it is often a feature that travelers are looking for while shopping for travel insurance before their trip. At this time, World Nomads doesn’t offer CFAR coverage.

How much does World Nomads travel insurance cost?

World Nomads’ standard plan is $79. It’s a great option for travelers who don’t care about some of the extra benefits that the Explorer package covers, like rental car coverage and extreme adventure sports. 

If you’re looking to have a more comprehensive travel insurance policy, look into World Nomads’ Explorer plan for $120. It includes all of the standard package perks as well as extra sports like skydiving, scuba diving, and heli-skiing. 

This is a perfect package for someone who’s a little more dare-devilish and wants to be taken care of during their risky activities. 

How do I file a claim with World Nomads?

You can start an insurance claim by filing it on the company’s website. 

You can call toll-free in the US and Canada if you need to reach the company in an emergency at: (877) 289-0968.

Callers from outside the US and Canada can reach the company at: (954)-334-8143.

The email address is: ops@gga-usa.com

You’ll need to have the following ready to file a claim:

  • Your policy number
  • A contact number
  • The nature of your problem
  • Your location
  • Prescribed medication (if any)

World Nomads vs. Allianz

from participating partners with Squaremouth

Allianz Travel Insurance

Details

Pros & Cons

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Good option for frequent travelers thanks to its annual multi-trip policies

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Doesn’t increase premium for trips longer than 30 days, meaning it could be one of the more affordable options for a long trip

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Some plans include free coverage for children 17 and under

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Concierge included with some plans

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Coverage for medical emergency is lower than some competitors’ policies

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Plans don’t include coverage contact sports and high-altitude activities

Highlights

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  • Single and multi-trip plans available
  • Trip cancellation and interruption coverage starting at up to $10,000 (higher limits with more expensive plans)
  • Preexisting medical condition coverage available with some plans

Additional Reading

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Allianz is a strong competitor against World Nomads, especially for travelers looking for a more business-oriented option. The co many has been in business for more than 120 years and offers a wide range of insurance, not just travel-related, around the world.

A key difference between World Nomads and Allianz is that Allianz offers travel insurance that can cover multiple trips in the same year. You can take an unlimited number of trips within the same calendar year, but you do have to double-check that all of your destinations are covered by the policy you select. 

Another difference is that Allianz offers coverage for pre-existing medical conditions. World Nomads doesn’t have the same coverage, requiring that the pre-existing condition is fully stable in order for limited coverage with respect to trip cancellations or having to end a trip early. 

World Nomads vs. Travel Guard

JD Power Customer Satisfaction Rating

740

AM Best Financial Strength Rating

A

JD Power Customer Satisfaction Rating

740

AM Best Financial Strength Rating

A

from participating partners with Squaremouth

AIG Travel Guard

Details

JD Power Customer Satisfaction Rating

740

AM Best Financial Strength Rating

A

Pros & Cons

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Trip cancellation coverage of up to 100% of the cost, for all three plan levels

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CFAR covers up to 75% of total trip costs (maximum of $112,500 on some plans) 

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Medical coverage of up to $500,000 and evacuation of up to $1,000,000 per person

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Includes COVID coverage 

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Above average baggage loss and delay benefits

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High medical evacuation coverage

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Premiums may run slightly higher than competitors

Highlights

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  • Trip cancellation coverage for up to 100% of the trip cost
  • Trip interruption coverage for up to 150% of the trip cost
  • Preexisting medical conditions exclusions waiver must be purchased within 15 days of initial trip payment
  • Annual travel insurance plan and Pack N’ Go plan (for last-minute trips) available

Additional Reading

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Travel Guard, a product backed by AIG Travel, is another potential alternative to World Nomads. AIG is a prominent player in the insurance industry, and the Travel Guard product represents true global coverage. 

Like World Nomads, Travel Guard does have coverage for pre-existing medical conditions, but there are conditions. This coverage is in the form of an exclusion waiver, and this add-on must be purchased within 15 days of the initial trip payment. 

Both travel insurance companies use a tiered approach, but Travel Guard has higher dollar amounts across the board. For example, trip cancellation for Travel Guard covers 100% of the trip cost, while with World Nomads the amount will depends on the tier of the coverage you purchase. Trip Interruption is also a fully covered event with Travel Guards. Depending on the plan selected, it will either cover 100% or 150% of the trip cost. 

If you’re concerned about COVID-19 coverage with trip insurance, there’s more coverage with World Nomads than Travel Guard. With Travel Guard, coverage for having to stay in a country past your original booking dates is an add-on, not a standard part of the policy. 

World Nomad vs. credit card travel coverage

If you already have a major credit card in your wallet, you most likely have some travel insurance benefits that come with it. These benefits do vary from card to card. Be sure to check your card’s specific policies.

Not all credit cards will feature travel insurance protection. The ones that do may have specific limitations. For example, many credit cards with travel protection require that your airfare is paid for with the card in question for protections to take effect. 

Reimbursement isn’t guaranteed. The credit cards do require that you file your claim and wait for a decision. World Nomads makes it easy to file a claim online and submit receipts and documentation. The response is fairly quick based on reviews from travelers that have actually had to file claims. 

The more premium the credit card, the more likely expanded travel protections are part of its features. If you don’t already have a premium credit card, it’s better to get travel insurance. This is also the case if you have multiple trips planned. Some credit cards limit not just the total dollar amount, but the number of claims within a 12-month period.

Methodology

To prepare this review on World Nomads, we started by detailing the company’s travel insurance offerings. Then we looked at other reputable plans in the same travel insurance space and compared them to World Nomads. We looked at things like typical policy costs, coverage options, available add-ons, what’s covered, and claim limits. 

FAQs

If you’re based in the USA, Nationwide Mutual underwrites World Nomads policies. 

According to World Nomads’ website, both families with kids and people up to age 70 qualify for coverage. 

Your World Nomads plan will cover emergency medical evacuation, including helicopter evacuation, if it’s been recommended by a doctor.

Moriah Chace

Moriah Chace

Moriah Joy Chace is a queer personal finance writer passionate about real estate, credit, and LGBTQ+ finances. After graduating with an English – Professional Writing degree from William Jessup University, she started writing about money directly after college. Her words can be found in Insider, BuzzFeed, Investopedia, and Bankrate. She’s now the Deputy Editor of the Personal Finance pod at Consumer Affairs. She’s known as “the money friend” in her circle of friends. And when she’s not writing about money, she’s writing poetry, hiking with her service dog, Sylvia, or being all-around goofy with her girlfriend. You can read more of her work at moriahchace.com.

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