Meteorites are objects from space – meteoroids – which survive the passage through the atmosphere and strike the surface of the planet. The Earth is constantly bombarded by meteoroids, but few make it through the atmosphere.
It is extremely rare for meteorite strikes to cause damage to insured assets.
The Norwegian Natural Perils Insurance Act is being extended from 1 January 2023 to include damage caused by meteorite strikes. The second sentence of the act’s first paragraph will then read:
Natural damage is defined as damage caused directly by a natural disaster in the form of a landslide, avalanche, storm, flood, storm surge, tsunami, meteorite strike, earthquake or volcanic eruption.