Horse insurance
Whether the horse is used for riding, competition, or breeding, it is important to insure it. Horse insurance includes five optional types of coverage: medical expenses insurance, life insurance, limited life insurance, loss of use insurance and liability insurance. The policy can be tailored to suit individual needs.
The insured amount is based on the purchase price or an evaluation derived from the horse’s competition results.
The purchaser of the insurance must be the owner of the horse.
Horse insurance can be purchased if the horse is no older than 15 years, although liability insurance can be purchased regardless of the horse’s age.
Most coverage components of horse insurance expire when the horse reaches 20 years of age.
The insurance covers
Medical expenses
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Medical expenses for examination and treatment of the horse due to illness or accident.
Life insurance
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If the horse dies as a result of illness or accident.
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If the horse is so ill or injured that euthanasia is recommended by a veterinarian.
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If the horse disappears and is not found again within four months.
Limited life insurance
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If the horse dies as a result of illness or accident.
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If the horse is so ill or injured that immediate euthanasia is recommended by a veterinarian.
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If the horse disappears and is not found again within four months.
Loss of use
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Compensation is paid if the horse is declared unfit for the use specified in the policy following illness or accident and has permanently lost the ability to be used for that purpose.
Liability insurance
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Direct bodily injury or property damage to a third party arising from the insured’s tort liability as owner of the horse under Icelandic law.
The insurance does not cover
Medical expenses
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Medical expenses due to an illness contracted by the horse within 20 days from the commencement of the insurance, or due to an illness or accident that originated before the insurance commenced.
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Medical expenses for preventive measures and routine examinations.
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Costs of physiotherapy and rehabilitation or of feed, dietary supplements and other similar products.
Life insurance
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If the horse dies as a result of an illness contracted within 20 days from the commencement of the insurance, or due to an illness or accident that originated before the insurance commenced.
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If the horse is euthanised due to mental illness, behavioural disorders, temperament defects or other psychological symptoms.
Limited life insurance
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If the horse dies as a result of an illness contracted within 20 days from the commencement of the insurance, or due to an illness or accident that originated before the insurance commenced.
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If the horse is euthanised due to mental illness, behavioural disorders, temperament defects or other psychological symptoms.
Loss of use
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If the horse is declared unfit for use due to an illness contracted within 20 days from the commencement of the insurance, or due to an illness or accident that originated before the insurance commenced.
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If the horse is declared unfit for use due to mental illness, behavioural disorders, temperament defects or other psychological symptoms.
Liability insurance
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Damage suffered by your family members or the person responsible for the care of the horse.
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Damage to items you have on loan.
Please note that the information about the insurance is not exhaustive. More detailed information can be found in the insurance terms.
In case of a discrepancy between this information and the insurance terms, the insurance terms apply.
Insurance terms and other information
The insurance terms is your contract with VÍS. It is important to thoroughly read the terms and understand what is covered and what is not, before purchasing the insurance.
We point out that the information document contains a brief summary of the main aspects of the insurance. Further information about the insurance can be found in the insurance terms.
Insurance terms and information document
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Life and health insurance
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