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Course of Construction Fire Insurance

If you are buildingunderlinea 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.

Read More

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

you may also be interested in the following insurances.

Family and Home Contents Insurance

What we all have in common is that we can encounter unexpected events in life that cause damage to possessions or accidents to people. Therefore, it is important that you have appropriate coverage for your family and your belongings.


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.


Life and Health Insurance

No one expects to lose their health or get into a serious accident, but the fact is that it can happen to all of us. With life and health insurance, you reduce the financial consequences of damage to your health


Travel Insurance

Are you planning a trip? Whether you are travelling for pleasure, study, work or other reasons, we recommend that you check whether you have travel insurance that suits you.


Animal Insurance

Animals need insurance just like any other family member. We have extensive experience in insuring animals and offer several types of animal insurance for horses, dogs and cats that you can combine according to your needs.