This article presents the natural damage insurance scheme that was established in Norway in 1979. Together with the state-financed compensation scheme for natural damage, the insurance scheme forms the central part of the cover for natural damage in Norway. In order to understand the present situation and the relationship between the two schemes, it is necessary to give a short historical overview (below 2). The natural damage insurance scheme is presented under two headings: the cover (below 3) and the organization (below 4). Criticism has been voiced against elements of the scheme; reactions and reflections on parts of this criticism are considered at the end of the article (below 5).