The definitions of the specific terms of the insurances differ among different companies. Also, some insurances like Travel Insurance is substitute of Property Insurance during certain specific of times. It is important to take this into account because I am travelling every third week to Norway, which means that I can take advantage of Travelling Insurance as Property Insurance. Therefore, I will cover insurances generally, calling them by some logic names, but note that the definition and rules are important to check out for each insurance. I am using some terms found at Bogleheads.org.
Some essential facts which makes the problem manageable.
- I want to get insurances that are fixed to some index.
- I want to get insurances and no deductible such that I do not need to pay penalties in the case of accident if possible.
- I want to get the medical practice in Finland or Norway. This is an important fact, since some insurances are only valid in the country where you bought them, although the travelling insurance substitutes it a little, but not completely. In Finland, the medical practice is cheaper than in Norway. So it is probable that I get my health insurance from Finland. I want to take advantage of the lower price level in Finland, since the quality of services between Finland and Norway is about the same.
- I am currently registered to live in Norway. I also spend less than half a year in Finland. This means that I cannot get for instance YoungLiving insurance of Tryg in Finland. However, some other Finnish insurance companies like Tapiola and Aktia allow me to sell me insurances. There are differences where you can get the service provided by the insurance. For instance, Aktia considers Finland and Sweden together as "homeland", while Tapiola not. So no benefit for me about Aktia thinking. It would be useful if whole Nordic countries would be considered as a homeland for me. Please, cover the insurance cover differences between countries below if you know about the topic.
- I am in Estonia and Finland the rest of the year mostly.
- I can get personal property insurance only for the things in my rented apartment in Estonia. However, because I am travelling every third week to Norway, I can use Norwegian Travel Insurance as property insurance in Estonia. Nevertheless, I think that the travel insurance does not cover for instance the lost of my bicycle in Estonia. TODO check this out.
Norway, Tryg insurance
The insurance, YoungLiving More Stuff Tryg, costs in Norway 340 euros. It covers in the case of accident:
- Travel insurance - 90 days.
- Accident insurance - max 68000 euros if get handicapped like lose a hand.
- Home insurance in Norway - max 68000 euros per accident.
- Sport insurance - max 6800 euros for one time and 15 600 euros for sport accident. Bike insurance max 2000 euros.
- Computer, PC, telefon, videocamera etc insurance max 2000 euros
- Insurance "løsørekasko i hjemmet" if you break something by yourself at your home by accident max 13500 euros.
- I pay 136 euros for any incidence that happens if you want to get insurance money.
I live in hostels in Norway so I think I do not need the home insurance. However, the packet price is cheaper than only taking a few insurances for young.
Estonia, If insurance
In Estonia, I can only get protection because of theft at the price of 25 euros per year for my equipments at my home. I can also get travelling insurance from there that covers only medication things.
Tryg is in Finland too, but they do not give it to me because I am less than half a year there. The price of the similar insurance than in Norway would be about 1/3 of the price than in Norway and lower penalty, (85 < 136) in the case of accident. However, all the max levels are about one third of those in Norway.
For people living permanently in Norway, I have heard that
- Tryg YoungLiving package = Base Travel and Accident + More Travel + More Sport + Base Stuff + More Stuff (lower deduces). It is the most sold in Norway for youths and best price-quality index. This package however has Home insurance for home in Norway which I do not need at the moment.
So I want
- Health insurance with good cover: surgery, drugs, plastic surgery in accident, special doctor, ... and with no deductible.
- Travel insurance with at least 45 days. Tryg.no offers 90 days by More Travel.
- Sport insurance - if I cycle against a car and break someone's car, for instance. No extreme sport.
- Property insurance for my stuff at my home in Estonia. TODO probably Tryg's Travel insurance covers this. Not sure if my bike covered.
- Accident insurance, for instance in the case of paralysis
Which combination of insurances would you recommend for me in different countries?
My current plan is
- Health insurance - Tapiola Finland or Aktia Finland
- Travel insurance - Tryg Norway
- Accident insurance - Tryg Norway
- Probaly, Sport insurance - Tryg Norway
- Property insurance, If Estonia - TODO must check if Tryg Norway Travel Insurance cover the lost of my bike in Estonia for instance
- If Norway products TODO check them.
I selected some products from Norway because they have better max limits. However, I need to model this thing, if it is really needed. Finnish products may be ok.