The insurance amount and price of the insurance are based on the property's official fire insurance assessment. The fire insurance assessment reflects the reconstruction cost of the property.
It is important that you request a fire insurance value in the case of a new building or a revaluation of fire insurance value for an older building and supply us with information about the assessment.
If the fire insurance assessment does not cover the reconstruction cost, you can purchase additional fire insurance.
When you purchase mandatory fire insurance, you will automatically be covered by the Icelandic Natural Catastrophe Insurance for various natural disasters.
We recommend Homeowners Insurance as an addition to the mandatory fire insurance. Homeowners insurance provides comprehensive protection against unexpected and sudden events that cause property damage. Common types of damage that are covered by homeowners insurance include water damage from pipes, broken windows and storm damage. These types of damage are more common than fire damage and are often very costly. Furnishings and other movables must be insured separately under home Insurance or Personal Possessions Insurance in the case of precious items.
The insurance amount and price of the insurance are based on the property's official fire insurance assessment. The fire insurance assessment reflects the reconstruction cost of the property.
It is important that you request a fire insurance value in the case of a new building or a revaluation of fire insurance value for an older building and supply us with information about the assessment.
If the fire insurance assessment does not cover the reconstruction cost, you can purchase additional fire insurance.
When you purchase mandatory fire insurance, you will automatically be covered by the Icelandic Natural Catastrophe Insurance for various natural disasters.
We recommend Homeowners Insurance as an addition to the mandatory fire insurance. Homeowners insurance provides comprehensive protection against unexpected and sudden events that cause property damage. Common types of damage that are covered by homeowners insurance include water damage from pipes, broken windows and storm damage. These types of damage are more common than fire damage and are often very costly. Furnishings and other movables must be insured separately under home Insurance or Personal Possessions Insurance in the case of precious items.
The insurance covers
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Fire damage.
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Sudden accumulation of soot.
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Fall of aircraft on real estate.
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Firefighting and rescue operations to avoid or limit damage.
The insurance does not cover
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Damage caused by items burning or melting if there is no fire.
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Damage from soot or smoke that has accumulated gradually. For example, soot from a chimney or candles.
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Indirect damage caused by fire, including operating loss, delay in production or delivery of goods, loss of rental income and the like.
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The cost of cleaning up waste or toxins in the environment or soil following an insured event.
Insurance from the Natural Catastrophe Insurance of Iceland is included. This insurance covers damage caused by volcanic eruptions, earthquakes, landslides, avalanches, and floods.
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.
Insurance terms
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.