Whether you own riding horses, competition horses, or breeding and stud horses, it’s essential to insure them.
This way, you can be prepared for unexpected veterinary expenses or loss of use if the horse falls ill or is injured, and protect yourself against various damages that the horse may cause.
Horse insurance is a combined insurance for horses with optional parts that you can assemble according to your needs.
What is covered? | What is not covered? |
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| Medical expense insurance covers the cost of: | Medical expenses insurance does not cover the cost of: |
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| Life insurance pays benefits: | Life insurance does not pay benefits: |
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| Loss of use insurance for riding or competition horses pays benefits if a horse is ruled absolutely and permanently unusable for riding or work: | Loss of use insurance for riding or competition horses does not pay benefits for : |
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| Loss of use insurance for stallions pays benefits for: | Loss of use insurance for stallions does not pay benefits for: |
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| Loss of use insurance for broodmares pays benefits if the mare is ruled absolutely and permanently unusable for breeding because of: | Loss of use insurance for broodmares does not pay benefits for: |
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| Liability insurance covers: | Liability insurance does not cover: |
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Loss of use insurance cannot be included without life insurance.
Horse insurance excludes damages covered by mandatory vehicle liability insurance.
Horse insurance is valid in Iceland.
You must report any damage as soon as possible and no later than one year from the date of the damage.
You must ensure that all the information in the insurance policy is accurate.
You must inform us of any changes in your address, telephone number, and email address.
You must follow all the precautions in the terms of the insurance policy.
The premium must be paid on the due date. When the insurance policy is issued or renewed an electronic claim is created in your online bank. You have the option to distribute the premium payments by:
Credit card payment, where the premium is charged monthly to a credit or debit card.
Direct payment, where your bank account is debited monthly.
The insurance policy takes effect when an offer is accepted and is renewed annually until it is canceled.
Individuals and companies with fewer than five full-time positions can cancel the insurance at any time and it will expire at the end of the following month after the cancellation is received. Other companies can cancel their insurance one month in advance before the end of the insurance period.
The cancellation must be in writing, for example with an electronic signature.
