Please note that Family Protection 1 is no longer available for purchase; the information below is intended for customers who currently have this insurance in force.
Home Insurance replaces it.
Family Protection 1 is a combined which includes home contents insurance and liability insurance. You can also add comprehensive contents insurance and leisure time accident insurance.
What is covered? | What is not covered? |
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| Home contents insurance covers damages: | Home contents insurance does not cover damages: |
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| Liability insurance covers: | Liability insurance does not cover: |
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| Comprehensive contents insurance (optional) covers damages: | Comprehensive contents insurance does not cover damage: |
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| Leisure accident insurance (optional) covers costs from: | Leisure accident insurance does not cover costs from: |
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The insurance policy does not cover damages caused by natural disasters or damages caused by war, terrorism, pollution, or other similar events.
Home contents insurance is valid in your home which is listed on the insurance policy.
Liability insurance is valid in Iceland and while traveling abroad for up to three months.
Leisure accident insurance and hospitalization insurance are valid anywhere in the world.
You must report damages as soon as possible and no later than one year from the date of the damage.
You must ensure that all the information on the insurance policy is accurate.
You must inform us of any changes to your home address, phone number, and email address.
You are required to follow the precautions in the insurance policy terms, such as making sure that doors, windows, and other openings into the insured area are securely locked and the keys stored in such a way that unauthorized individuals can not access them
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 may cancel their 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.
If you have insurance with us, you can view the terms on My Sjóvá
