Mopeds or light motorcycles
Category I light motorcycles are a convenient mode of transport used by many people. They are neither subject to mandatory insurance nor registration. It is therefore important to make sure you have the right insurance coverage before heading out on the road.
In general, accidents to people are covered by leisure time accident insurance, while damage to the light motorcycle is covered by contents insurance and comprehensive contents insurance.
Further information on the rules that apply to category I light motorcycles can be found on the website of the Icelandic Transport Authority.
Please contact us or visit our offices if you need more information — we are happy to assist you.
Insurances
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Home insurance includes leisure time accident insurance, which covers bodily injury resulting from accidents during leisure time or while participating in general sports and recreational activities. The accident insurance only covers people insured under the policy and does not cover passengers or other people who borrow the light motorcycle.
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Home insurance includes contents insurance. Contents insurance covers your light motorcycle against fire, theft and water damage.
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If your home insurance includes comprehensive contents insurance, which is optional coverage, the light motorcycle is also covered for damage caused by sudden and unforeseen external events.
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Home insurance includes liability insurance. Liability insurance covers bodily injury and property damage that you cause to another person while using the light motorcycle, provided that you are legally liable for the damage under Icelandic tort law.
General information
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Riders must be at least 13 years old and are required to wear a helmet.
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The speed restriction must not be tampered with to increase the light motorcycle’s maximum speed beyond 25 km/h. If this is done, it is no longer classified as a Category I light motorcycle and is therefore no longer covered under Home Insurance.
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In case of theft, insurance coverage only applies if reasonable precautions have been taken to prevent the light motorcycle from being stolen.
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Home Insurance offers a choice of two different coverage limits and three different deductible amounts. The selected coverage limit determines the maximum compensation payable in the event of a claim. The higher the deductible, the lower the insurance premium, but the greater the amount you will have to pay yourself in the event of a claim.
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Home Insurance covers you, your spouse or cohabiting partner, and your unmarried children and foster children who share your legal domicile in Iceland. It also covers your children under the age of 18 who have a different legal domicile in Iceland.
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We advise our customers to hold on to their payment receipts so that they can be presented if a claim needs to be filed.
Other insurance
Property insurance
Buying a property is usually the biggest investment we make in our life. It is therefore important that we make sure that the property is properly insured to minimize the financial consequences of property damage.
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.