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Course of Construction Fire Insurance

If you are buildingunderline a property, you need to insure it against fire no matter the stage of construction. This applies to all types of real estate, including residential and commercial real estate, parking garages, outbuildings, summerhouses and stables.

More About Course of Construction Fire Insurance

  • Mandatory fire insurance is compulsory insurance for real estate at all stages of construction and covers damage to the property caused by fire during construction.
  • It is important that you request a fire insurance assessment for a new property no later than four weeks after the property has been taken into use and provide us with information about the assessment.
  • When you buy Mandatory Fire Insurance, you will automatically be covered by the Icelandic Natural Catastrophe Insurance for various natural disasters.
  • We recommend that you consider purchasing Builder's Insurance if you want to protect your property even more thoroughly. The Builder's Insurance is designed for all home builders who wish to be protected during construction. The insurance consists of fire, homeowners, accident and liability insurance, and is designed to insure you and your property as thoroughly as possible during construction.
More About Course of Construction Fire Insurance

The insurance covers

  • Fire damage.
  • Sudden accumulation of soot.
  • Fall of aircraft on the property.
  • Firefighting and rescue operations to avoid or limit damage.

The insurance does not cover

  • Damage caused by items burning or melting if there is no fire.
  • Damage from soot or smoke that has accumulated gradually. For example, soot from a chimney or candles.
  • Indirect damage due to fire, including operating loss, delay in production or delivery of goods, loss of rental income and the like.
  • The cost of cleaning up waste or toxins in the environment or soil following an insured event.

Coverage under the Icelandic Natural Catastrophe Insurance is also included. This insurance covers damage caused by volcanic eruptions, earthquakes, landslides, avalanches and water floods.

Please note that the above list is not exhaustive. Further information can be found in the insurance terms.
In case of discrepancy between this list and the insurance terms, the insurance terms applies.

Do You Need More Coverage?

Builder's Insurance

Builder's Insurance is designed for all home builders who wish to be protected during construction.

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Special Offers for VIS Customers

Barnabílstólar

VIS customers get 10% off car seats and 15% off rental price. You need to sign in to get the discount code.

Betra Grip

VIS customers get 20% off Bridgestone tires and 12% off work cost. You need to sign in to get the discount code.

Bilstolaleiga.is

VIS customers get 20% off the register fee and 20% of monthly rent if the rent is long-term. You need to sign in to get the discount code.

Chicco.is

VIS customers get 20% off car seats. The discount does not apply on special offers. You need to sign in to get the discount code.

FAKÓ

VIS customers get 15% discount on fire extinguishers and fire blankets. You need to sign in to get the discount code.

Græni unginn

VIS customers get 10% off all car seats. You need to sign in to get the discount code.

Harðkornadekk

VIS customers get 25% off tires. You need to sign in to get the discount code.

Hreiður

VIS customers get 20% off car seats purchased in store. The discount does not apply on special offers. You need to sign in to get the discount code.

Nine Kids

VIS customers get 10% discount of Cybex and GB carseats and base. The discount does not apply on special offers. You need to sign in to get the discount code.

Fjallakofinn

VIS customers get 10% off all items. The discount does not apply on special offers. You need to sign in to get the discount code.

FlyOver Iceland

VIS customers get 15% off online bookings. You need to sign in to get the discount code.

Vöruhús

VIS customers get 10% off safety equipment. You need to sign in to get the discount code.

Eldvarnamiðstöðin

VIS customers get 20% discount of all product in our store at Sundaborg 7. The discount does not apply on special offers. You need to sign in to get the discount code.

Model

VIS customers get 15% discount of Crazy Safety and Closca helmets in Model Akranes and on gjafahusid.is. The discount does not apply on special offers. You need to sign in to get the discount code.

Reiðhjólaverzlunin Berlin

VIS customers get 15% discount of Closca and Yakkay helmets. The discount does not apply on special offers.

Brokk

VIS customers get 10% discount of Helite safety vest. The discount does not apply on special offers. You need to sign in to get the discount code.

Nine Kids

VIS customers get 10% discount of Cybex and GB carseats and base. The discount does not apply on special offers. You need to sign in to get the discount code.

Undrabörn

VIS customers get 10% discount of car seats. The discount does not apply on special offers. You need to sign in to get the discount code.

Insurance Terms

The insurance terms is your contract with VIS. It is important to thoroughly read the terms and understand what is covered and what is not, before purchasing the insurance.

If you have Property Insurance

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Vehicle Insurance

All of us can make mistakes while driving or find ourselves in a situation that results in damage. Therefore, it is important to have good motor vehicle insurance.

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Life and Health Insurance

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