Hoppa yfir valmynd

Mandatory Fire Insurance

If you own real estateunderlineyou are required to insure it against fire. This applies to all types of real estate, including residential and commercial real estate, parking garages, outbuildings, summerhouses and stables.

More about Mandatory Fire Insurance

  • 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 assessment in the case of a new building or a new fire insurance assessment 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 F-Plus Family Insurance or Personal Possessions Insurance in the case of precious items.
More about Mandatory Fire Insurance

The insurance covers

  • Fire damage.
  • Sudden accumulation of soot.
  • Fall of aircraft on real estate.
  • 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 caused by 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?

Homeowners Insurance

Homeowners Insurance is a good addition to the Mandatory Fire Insurance. Homeowners Insurance provides comprehensive protection against unexpected and sudden events that lead to property damage.

Read More

Additional Fire Insurance

Be vigilant! Does the fire insurance assessment of your property not reflect the true cost of rebuilding the property after fire damage? If so, we recommend Additional Fire Insurance.

Read More

Summerhouse Insurance

An enjoyable stay in a summerhouse is one of life's pleasures. Summerhouse Insurance is suitable for all summerhouse owners who want their holiday homes to be well protected.

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.