When considering insurance offers, it is always a good idea to familiarise yourself with the terms and conditions and find out what it takes for the insurance to be paid out.
The rule of thumb: you should be insured against major disasters. If the house burns down, you cannot afford to build it yourself. If you are hospitalised during a trip in a foreign country, the treatment and return trip home can potentially ruin you financially. However, you should not insure yourself against all possible minor injuries or accidents. To cover small accidents, it is better to set aside a small buffer in a bank account, rather than taking out an expensive insurance.
Many suppliers offer customers to take out their own insurance when they buy an item, such as a computer or a refrigerator. Stay clear from this. This type of insurance is relatively expensive, and the coverage is rarely as good as the sellers’ claim. You usually have many of the same rights through The Consumer Purchases Act (Forbrukerkjøpsloven) and other warranties. In addition, be aware that regular insurances such as household insurance, home insurance and travel insurance already cover many of the same areas as an additional insurance.