Sunday, January 8, 2017

Anyone want to make a fortune?

Start selling travel insurance!

An open ended travel adventure freaks out insurance companies.  After an exhaustive effort trying to find travel insurance to cover our adventure, we found literally one company that is willing to insure a one year trip that did not have a clear end date, World Nomads.  Every other travel insurance company limits their coverage to about 3 months, and wants to know your entire itinerary including your return flight information.  Yeah, we can't do that.  From all accounts of fellow world traveling nomads, World Nomads seems like a pretty legitimate option, but we'll see....  So, if you want to try your hand in catering to the nomadic insurance field, you'll have limited competition.

A note about travel insurance, for those interested.  The plan is for:
1. Trip Cancellation (if you can't start your trip for family emergencies)
2. Trip Interruption (if you need to come home for family emergencies)
3. Emergency Evacuation (terrorism and other bad things)
4. Emergency Healthcare
5. Car Rental insurance (your domestic policy very likely doesn't cover international rentals)
6. Baggage (in case stolen or lost)

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